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Home » DOJ

Articles Tagged with ''DOJ''

Georgia Woman Pleads Guilty to Mortgage Fraud

January 16, 2025
Monica Hogan
More than 450 mortgage loans, many of them insured by FHA, were approved based on fabricated documents tied to the guilty plea.
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Grapevine: DOJ Clarifies Data Rule; Momnt ABS on Watch

January 9, 2025
Brandon Ivey
DOJ sees no issues for MBS, ABS from new rule restricting foreign access to Americans’ personal data; Momnt Technologies 2023 ABS issuance facing performance issues; Redwood rebrands prime residential mortgage aggregation unit to match MBS shelf.
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Rocket Sues HUD Over Appraisal Bias Standards

December 16, 2024
Shannon Clark
One of the nation’s top mortgage lenders wants a federal court to confirm that lenders can’t interfere within independent appraisals, even if they are allegedly discriminatory.
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Rocket Sues HUD After DOJ Accuses Lender of Appraisal Bias

December 12, 2024
Shannon Clark
The lender contended that recent HUD guidance on appraisal reviews is contradictory to government mandates of appraiser independence.
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CFPB Warns Companies of Worker Surveillance Systems

November 4, 2024
Shannon Clark
The bureau released guidance that details employers’ responsibilities and consumer protections under the FCRA involving worker surveillance technologies.
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Trade Group Calls for Sanctions on FICO

October 24, 2024
Dennis Hollier
CHLA lauds Democrats in Congress for urging the Biden administration to investigate Fair Isaac for anticompetitive activities.
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DOJ Sues Rocket, Appraisal Entities for Discrimination

October 24, 2024
Shannon Clark
A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.
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Fairway Settles CFPB, DOJ Lawsuit Over Redlining

October 21, 2024
Shannon Clark
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
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Democrats Urge Regulators to Rein In FICO

October 21, 2024
Dennis Hollier
The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.
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DOJ Reaches its First Redlining Settlement With a Credit Union

October 17, 2024
Shannon Clark
Citadel Federal Credit Union said the alleged redlining was an inadvertent outcome from its push into digital services.
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