Law and legal issues

Approximately 800 employees are eligible to receive compensation from the agreement which has yet to be approved by a federal judge, an attorney said.

The Consumer Financial Protection Bureau issued only 20 enforcement actions in 2022, but some observers say the enforcement numbers belie the results that director Rohit Chopra is getting from other ways of holding companies accountable.

A pension fund looked to impose a fiduciary duty regarding a mortgage securitization instrument, but a federal judge said no.

A former mortgage underwriter who sought health-related accommodations claims he was fired over a probe the firm conducted while he was on leave.

A supervisor allegedly diverted loan assignments from the team's two Black workers to non-Black employees, depriving them of income and performance metrics.

Suits were filed two months apart by landlords in Florida and Missouri.

Housing market players navigated big changes, and controversy, as the spring market moved forward.

The New York State Department of Financial Services found the company failed to adequately protect itself from data breaches. Since 2018, OneMain has suffered multiple cybersecurity incidents.

Attorneys for the wholesale giant deny its hiring agreements are unlawful, and have floated settlement terms with the National Labor Relations Board.

The case involves a house seized for a tax debt — but the state pocketed the profits.

Grand View Financial promised vulnerable homeowners debt payoff assistance, but its clients all ended up losing their properties.

Plaintiffs could amend certain allegations related to the bank suspending some payments without permission, but the judge dismissed others outright.

Jesse Iwuji Motorsports claims Equity Prime Mortgage backed out of a multimillion-dollar commitment after it was hit with a margin call last fall.

The case involved unsolicited calls made by the lender over a five-year period beginning in late 2017 affecting more than 140,000 consumers.

A pair of bills make it clear that stealing a homeowner's title is a crime, subject to a maximum prison term of 25 years.

Tax lien forfeitures have unjustly taken from thousands of homeowners a combined $860 million in remaining proceeds from foreclosure sales, attorneys claim.

In an amicus brief, the trade group voiced concern over a statement recently provided by government agencies in a lawsuit involving loanDepot.

Prosecutors claim every dollar in subsidy funds from settlements equates to ten times the amount in value in home lending efforts.

Only a few home lenders have moved to settle the legal claims, while many have denied wrongdoing.

A federal judge recently gave the go-ahead to the lawsuit from the larger company against its smaller competitor.