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The wholesale and non qm lender said it's placed Serene Vernon on administrative leave and elevated capital markets officer John Hamel to the role of president.
February 3
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Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment.
January 30
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Mortgage 1 Inc., founded in 1994, says customers and regulators have mistakenly contacted it instead of Mortgage One Funding, which changed its name in 2021.
January 29
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The court reverses a $10M class win in a Rocket Mortgage appraisal suit.
January 29
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The agreement would resolve claims for a class of 298,000 members, who allegedly received over 700,000 calls from Coldwell Banker agents between 2015 and 2020.
January 24
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Cases involving accusations of redlining, kickbacks, underpaid employees and more swept across the mortgage industry in recent months.
January 22
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Legal arguments in this case hinge on whether products offered by HEI platforms should fall under the Truth in Lending Act.
January 17
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The Supreme Court heard oral arguments in Thompson v. United States, which could decide whether the federal government can prosecute "misleading" in addition to "false" statements to the Federal Deposit Insurance Corp.
January 15
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The Department of Justice argues that mortgage lenders, including Rocket Mortgage, should be held accountable for the work of third-party appraisers.
January 14
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The Department of Housing and Urban Development did not assign any fault or liability in conjunction with the "historic" settlement.
January 13
