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Home » Topics » Inside Mortgage Finance » Legal Actions

Legal Actions
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When Bad News Strikes, Recruiters Can Cause Headaches

October 14, 2021
Paul Muolo
In the wake of a messy lawsuit filed by a former top official, loanDepot’s staff has been the target of recruitment efforts. Should we be surprised?
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Lawsuit Against loanDepot May Have Third Parties Worried

September 30, 2021
Paul Muolo
In regard to underwriting shortcuts, loanDepot said it did nothing wrong, but the nation’s sixth-largest home lender’s counterparties may need some reassurances. One observer called a lawsuit filed against the company a legal “nightmare.”
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Grapevine: A Mixed Opinion of Calabria? Squirrels?

September 16, 2021
Monica Hogan and Paul Muolo
Assessing the legacy of former FHFA Director Mark Calabria: Did he do more harm than good? All depends on your line of business.
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Mr. Cooper Seeks Dismissal of Excess Withdrawal Lawsuit

August 19, 2021
Lisa Burden
The nation’s fourth-largest mortgage servicer is being hit on the legal front over a “processing issue” that caused unauthorized withdrawals of monthly mortgage payments.
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Judge Approves Third Payout in HAMP Case Against Wells

August 19, 2021
Lisa Burden
The latest $22 million settlement brings to an end a lawsuit accusing Wells Fargo of wrongfully denying loan modifications to borrowers who eventually lost their homes to foreclosure.
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Off-Again, On-Again Eviction Moratoriums

August 5, 2021
Dennis Hollier
CDC institutes a new ban, while federal agencies warn landlords not to evict tenants without first seeking rental assistance.
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Shareholders Consider Their Chances Post Collins

July 15, 2021
Dennis Hollier
The Supreme Court dealt GSE shareholders a blow in Collins, but cases before a DC district court and the U.S. Court of Federal Claims may finally get before a jury.
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Calabria Ousted; Thompson Appointed FHFA Acting Director

June 24, 2021
Dennis Hollier
The Supreme Court’s decision in the long-delayed Collins case sets the stage for a swift change in leadership at FHFA but it may not end the shareholder lawsuits over the GSEs and the net worth sweep.
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Former MBA Chair Pleads Guilty to Bank Fraud Charges

May 20, 2021
Dennis Hollier
Mortgage industry veteran Ron McCord faces decades in prison after confessing to bank fraud and money laundering charges.
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Nation’s Largest Wholesaler Accused of Restraint of Trade

April 29, 2021
Paul Muolo and Maria Volkova
Certain loan brokers aren’t happy with wholesale giant UWM over its “us or them” edict. A lawsuit has been filed. More could be on the way.
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