Michael Barr to step down as Fed vice chair for supervision; fifteen states and the National Association of Home Builders sue HUD over energy-efficiency requirements; Ally to exit origination business.

The lawsuit accuses Rocket Homes of steering customers to its affiliated companies for mortgage loans and closing services.

The lender contended that recent HUD guidance on appraisal reviews is contradictory to government mandates of appraiser independence.

The CFPB’s settlement with Townstone included a relatively small fine for the lender and dropped allegations against the CEO.

The Cenlar regulatory saga continues. There are rumblings of a potential sale though no known offering book.

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.

A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.

The CFPB has 30 days to amend its complaint against Loan Originator Services as part of a fair lending lawsuit filed against a Texas-based developer and lender, Colony Ridge.

In the long run, mortgage brokers and real estate agents believe the NAR commission settlement will boost business.

The nonbank misled borrowers into believing that its cash-out refinance loans were less expensive than their existing mortgages.