Law and legal issues

The potential class of 140 impacted professionals is entitled to damages of at least $43 million, an attorney wrote.

The case involved incidents occurring in early 2021, when an unauthorized individual obtained access to files containing personal identifiable information of consumers.

An executive at the firm also signed a $475,000 judgment against it from another mortgage player, although a federal judge has yet to sign off on the agreement.

Plaintiffs allege that the Plano, Texas-based lender failed to adhere to WARN requirements when it laid off employees "without cause" or notice in June.

A former branch manager allegedly directed 15 loans worth $7 million to the Ohio-based adversary during a three-month period.

Northpoint's description of insider wrongdoing as cause for its November security leak is a rare admission of the type of cyberattack a mortgage firm has suffered.

The plaintiffs allege that the banks did not catch obvious red flags or implement proper safeguards such as requiring two employees to approve each transaction.

The company also claims damages from rent payments on offices vacated following the mass exodus.

The servicer is alleged to have violated state regulations between 2016 and 2020 affecting 57 homeowners with federally backed loans.

Among U.S. financial regulators, Chopra is the one who bankers fear the most. His agency is expected to battle with the financial industry in 2023 on topics ranging from discrimination to fees and the bureau's funding mechanism.

The company, one of the nation's top title underwriters, doesn't admit nor deny the officials' findings and will affirm its compliance with the agreement for 10 years.

The preliminary injunction compels the Ohio-based private mortgage giant to return thousands of documents allegedly taken by five Chicago-based professionals in January.

The real estate company said it spent over $500 million in the last 10 years on its advertising campaign.

Among other breaches of contract, workers allowed their future employer to store equipment in their current offices in anticipation of their conversion, the complaint claims.

Many experts think the Consumer Financial Protection Bureau's funding through the Federal Reserve could be the fatal flaw in the Dodd-Frank Act that created the agency, but differentiating the CFPB's structure from others may be tricky.

A federal court also recommended sealing the defendant's corporate ownership information because of its concerns about identifying private investors.

The charge carries a total of 30 counts, including two Class C felonies and a maximum sentence under the top charge of 15 years in prison.

The mortgage company, despite its nonpayment, still had its logo on a stock car and requested special access for its guests at an October race at Talladega Superspeedway in Alabama, the complaint said.

The company had been the fifth most active Home Equity Conversion Mortgage originator year-to-date through October.

A class action complaint alleges Nationstar improperly denied the holders of a Federal Housing Administration-insured loan relief entitled under a pandemic option.