Dozens of fired Fannie Mae workers are mulling their next steps after a judge dismissed their defamation complaint against the mortgage giant. Processing Content U.S. District Judge Leonie M. Brinkema last week granted Fannie Mae and the governments’ motions to dismiss the lawsuit, seven months after it was filed. The case was dismissed without prejudice, […]
Fired Fannie Mae workers’ defamation lawsuit dismissed Read More »
LeadPoint, a marketing lead provider serving home lenders, said it was ending all mortgage-related activity upon resolving Connecticut allegations of operating as an unlicensed entity for years. Processing Content Connecticut banking officials lodged a $50,000 penalty against LeadPoint in a consent order issued in late March. Both parties agreed to the order after a 2025
Lead generation firm fined for years of unlicensed activity Read More »
A class action lawsuit against a multichannel lender over spam calls could include over 50,000 members, a plaintiff claims. Processing Content Southern California-based Loanstream allegedly made 272,092 calls to 53,726 unique telephone numbers on the National Do Not Call registry over a 10-month stretch, according to a new case filing. Texas resident Kimberly Hudson-Bryant is
TCPA class action targets Loanstream over 272K spam calls Read More »
Home equity investment provider Unison is the target of a potential class action lawsuit in Colorado that could void its existing contract agreements in the state. Processing Content In legal documents filed in Colorado federal district court this week, plaintiffs Katharine and Charles Kane sued the San Francisco-based HEI firm after discovering the amount they
HEI customers file new class action against Unison Read More »
Guild Mortgage could be saving a few million dollars after a federal appellate court vacated a big award for attorneys for a whistleblower in a decade-old Academy Mortgage lawsuit. Processing Content The lender, which was purchased by Guild in 2024, had agreed in 2022 to a $38.5 settlement to resolve a False Claims Act lawsuit
Guild-owned Academy beats back $8.5M attorney award Read More »
Consumers continue to pile lawsuits over spam calls and messages against a wide range of originators, in complaints that, if successful, could deliver big paydays. Processing Content Rocket Mortgage and United Wholesale Mortgage are among the nine lenders facing new Telephone Consumer Protection Act complaints filed since February. Some of the companies have already moved
TCPA lawsuits hit nine more mortgage lenders Read More »
A wave of steering investigations from the past year could keep growing. Processing Content Lawsuits and state probes for violations of the Real Estate Settlement Procedures Act and its Section 8 provision have risen in the past year, said Jonathan Kolodziej, partner at Bradley Arant Boult Cummings. The mortgage industry attorney noted increased scrutiny from
RESPA cases are rising as states fill CFPB void Read More »
A Finance of America customer has fired off a data breach class action lawsuit against the company for a hack that allegedly occurred two weeks ago. Processing Content Melanie Place filed the negligence complaint against the lender and servicer last week in a Texas federal court, based on a limited report of an incident. A
Finance of America faces early data breach class action Read More »
An Illinois lender and its father-son executive team must pay some of their former loan officers over a million dollars in damages for wage claims, a federal judge has ruled. Processing Content A jury last year found Smart Mortgage Centers owner and president Richard Birk liable for federal wage claims against five LOs, after the
Father-son lender duo owes ex-LOs $1M in back wages Read More »
Benchmark Mortgage is suing two of its former top employees for a scheme in which they allegedly shared sensitive companywide financial information with competitors. Processing Content The complaint filed last week in Texas Business Court accuses Marty Preston and Denise Donoghue of violating state law in misappropriating trade secrets. A hearing for a temporary injunction
Benchmark Mortgage sues ex-employees for stealing P&L data Read More »