Law and legal issues

The lending giant has attempted to dismiss the case arguing in December that a Reddit-fueled meme stock trading frenzy impacted its stock price during the period in question.

A regulator claims Freedom Mortgage's bad data in 2020 violated a consent order the company signed a year earlier for intentional misrepresentations.

The megabank failed to adequately protect and reimburse customers who were victims of wire-transfer fraud, according to a lawsuit by the New York Attorney General. Citi said that it follows all relevant laws and regulations.

Strategies used to falsify identities and property ownership highlight a public assistance vulnerability that could have implications for the mortgage industry.

Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.

A little over 280,000 customers had their birth dates and Social Security numbers compromised during the cyber attack.

A second class action has been filed in the state of California and more cases are brewing.

The defendants are seeking more detailed information about what the bureau found as far as the extent of the alleged staff licensing violations.

16.6 million former and current Loandepot customers had their data leaked, the lender and servicer announced Monday.

The wholesale giant said it will appeal the "politically driven ruling" as it remains pending final approval by the National Labor Relations Board.

By overturning so-called "Chevron deference," the Supreme Court could compel lawmakers to be less ambiguous in their legislative language, limiting agencies' interpretative power.

All of the class actions will be consolidated into a single case under plaintiff Jennifer Cabezas, who was the first of the 20 to bring a motion against the company.

The escalating case would set a new precedent if it established fiduciary duties for entities that manage securitized mortgages that pension funds invest in.

Separately, the agency said it could develop a new type of reverse mortgage securitization, and another RMF development that could affect the bank emerged.

The Supreme Court will hear oral arguments in two cases seeking to overturn the legal principle known as "Chevron deference," that could usher in a new era of litigation by corporations against government agencies.

A coalition of financial trade groups issued a joint comment letter asserting that the federal bank regulators' proposed capital rule lacked justification and evidence required by the Administrative Procedure Act, threatening legal action if regulators don't delay and significantly amend the rule.

The National Association of Realtors is facing multiple crises, including a recent blackmail threat that led to the resignation of its now-former president.

Most of the legal filings accuse the title insurer and its subsidiary, LoanCare, of failing to protect the personal identifiable information of customers.

Former employees in the case sued Sprout for wages lost when it abruptly shut down. Separately, a former executive contesting a court procedure-related fine.

The finding comes days after a Summit employee filed a $9 million counterclaim against Movement Mortgage, the plaintiff firm.