Law and legal issues

The Washington-based company claims its ex-workers breached their employment agreements when they departed to the California-based rival and induced colleagues to leave.

The branch, which has close to a dozen employees, hopped from its old employer, Motto Mortgage, to its most recent employer in mid-December, but only stuck around for half a year.

In an amicus brief submitted to the Supreme Court Tuesday, the bicameral group of 132 Republican members of Congress argued that an appeals court was right to rule last year that the Bureau's funding system is unlawful.

The case brought by the Westchester, New York District Attorney alleged the perpetrators stole three properties from distressed owners and unlawfully obtained $1.5 million of fix-and-flip financing.

The proposal would bring companies cited for civil enforcement actions under its scope to bar them from doing business with the government-sponsored enterprises.

Plaintiffs claim executives made a series of misleading statements in spring 2021, as the industry giant began to face headwinds in originations.

Churchill Funding is accusing Easy Financial of reneging on a master purchase agreement both companies signed in 2020.

A challenge to the SEC's use of administrative law judges could have big implications for bank regulators. The FDIC, Fed, OCC and CFPB could be forced to go to federal court in cases that would otherwise be handled in-house.

It's the second lawsuit in the past two months that the New Jersey-based lender has filed against a former branch manager for a six-figure retention bonus.

The company, which is winding down operations, is seeking over $4.6 million from seven industry partners.

Black Americans experienced denial rates of 16.4% in 2022, up from 15.7% the year before, the Federal Financial Institutions Examination Council said last week.

Wells Fargo directed its bilingual team to steer customers away from products with no closing costs toward "predatory lending options" without disclosing the costs, in part by refusing to provide Spanish-language written materials, according to the complaint.

The lender claims its rival enticed workers with all-expenses paid recruiting trips, while another employee alleged a $125,000 signing bonus for workers who switched firms.

In the past few years, plaintiffs have lodged over 65 complaints against real estate companies regarding unsolicited text messages and phone calls.

A former employee of The Change Company, which is the largest non-traditional mortgage lender in the U.S., claims in a new lawsuit that the firm mischaracterized the race, ethnicity and income of its borrowers. The company says the allegations, which relate to the representations it makes to be certified as a community development financial institution, are meritless.

A second bill formally making it a felony only passed one house of the state legislature.

The Ohio-based giant is barred from accessing documents allegedly stolen when employees hopped from one firm to the other.

The legal proceedings, which began in 2012, claim that Quicken Loans, now Rocket, inflated the appraisal value of 2,769 properties refinanced from 2004 to 2009 in West Virginia.

Homebuilders are among plaintiffs seeking a halt to the Federal Emergency Management Agency's overhaul.

A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.