Law and legal issues

The confidential agreement comes two years after a federal jury awarded the subservicer $22.6 million in damages in a case with numerous competing claims.

When customers accepted lower rates, the lender drastically slashed its originators' compensation or cut it altogether, the lawsuit claims.

Supreme Court rulings and provisions in the recently passed budget bill are bolstering the legality of the administration's effort to fire more than 1,000 employees at the Consumer Financial Protection Bureau.

Government officials confirmed the California Democrat is under scrutiny over a long-held Maryland property he designated as a second home in 2020.

Calls for foreclosure prevention advice jumped upward by almost 30% from a year ago and helped fuel overall consumer distress levels to a five-year high.

Mortgage professionals are more often subject to non-compete and non-solicitation agreements and aren't likely to be impacted by the new Sunshine State law.

The union representing the Consumer Financial Protection Bureau in their suit against mass firings at the agency said the Supreme Court's ruling allowing President Trump to proceed with mass reductions-in-force elsewhere does not impact the union's lawsuit.

A federal judge rejected defenses by a brokerage that acknowledged selling loans to both United Wholesale Mortgage and rival Rocket Pro TPO.

Newrez is suing Shellpoint Mortgage Servicing LLC for using a name that looks like one it has utilized as a d/b/a, which it says has caused confusion.

It's a rare theft of trade secrets complaint by the industry leader, which stayed out of the spate of litigation between competitors during the refinance boom.