Zillow failed to win an early dismissal of a suit alleging its co-marketing program violated RESPA. Separately, a group of lenders including Bank of America will face revived kickback claims under RESPA.
Detroit-based FHA lender Quicken Loans said it has no intention of settling its False Claims Act case with the Department of Justice but is willing to participate in a mediation ordered by a federal district court judge.
Several large banks seek damages from the federal regulator for failing to protect them from lawsuits related to the sale of RMBS and the subprime disaster.
A new first: A court decision on claims brought against mortgage lenders under the ability-to-repay rule provides insights on the underwriting process.
A U.S. district court judge in Detroit has directed Quicken Loans and DOJ to settle via mediation their dispute over poorly underwritten FHA loans. But will they?
The Securities and Exchange Commission is increasing its srcutiny of sale of mortgage interests between investment vehicles managed by the same advisor, even if the parties involved are private entities.
Ocwen Loan Servicing on Wednesday filed an amended complaint in its lawsuit againstFidelity National Information Services. The complaint, filed in California’s Superior Court in Sacramento, dramatically escalates accusations of misconduct Ocwen first leveled against FIS in a 2017 lawsuit.
A federal district court has certified a class-action lawsuit against Wells Fargo brought on behalf of loan officers for alleged clawback of commissions and overtime wages.
The Federal Housing Finance Agency, which regulates Freddie Mac and Fannie Mae, last week said it will no longer defend its single-director leadership structure.
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