Rocket claims prepayment rates on the loans bought as part of UWM’s MSR deals are roughly 2.5 times greater than prepayment rates for comparable pools and resulted in nearly $100 million in damages.

The delay signals that CrossCountry Mortgage will have to increase its bid price, according to analysts tracking the battle for Two Harbors.

Industry attorneys said the Second Circuit ruling for the second time in favor of federal preemption, in contrast to First and Ninth circuit rulings, increases the odds that SCOTUS will have to revisit the issue.

Canandaigua National Bank claims the Federal Reserve wrongfully rejected its application for offering cash-guarantee mortgages.

The Trump administration continues to tease a 2025 capital raise for the GSEs but industry experts remain skeptical this can be done in a safe, sound manner.

loanDepot has accused West Capital Lending of stealing its leads, misclassifying loan originators and tying LO compensation to loan revenue.

Senate passes the ROAD to Housing Act; layoffs at HUD, CDFI Fund halted; MBA’s annual conference missing some federal officials.

Many charges in a class action against UWM were dismissed, but some Real Estate Settlement Procedures Act claims will move forward.

Relying on the Supreme Court’s direction to apply a “nuanced comparative analysis” for determining federal preemption, some lower courts are finding that the National Bank Act doesn’t preempt state laws.

A district court had ruled in favor of the subservicer, noting that the borrower lawsuit was “no more than a billing dispute.”