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Home » Topics » Inside Mortgage Finance » Legal Actions

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Grapevine: Time to Worry About MSRs and Capital?

November 17, 2022
Paul Muolo
No secret here: Nonbank mortgage companies are living off their mortgage servicing rights during the industry’s sizable downturn. How much longer can it last? Hard to say, but Fitch has some concerns.
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Jury Can't Reach a Verdict in Fairholme v. FHFA

November 10, 2022
Dennis Hollier
A deadlocked jury means the GSE shareholder lawsuit is probably destined for a new trial. But it will likely be in the same courtroom.
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Wells Fargo Is in the CFPB’s Crosshairs Again

November 10, 2022
Sam Manas
The lender is in talks with the Consumer Financial Protection Bureau to resolve several possible violations in its auto lending, mortgage lending and consumer deposit programs. Wells already holds the record for the highest fine issued in connection with a CFPB enforcement action.
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Jury Deliberations Begin in Fairholme v. FHFA

November 3, 2022
Dennis Hollier
After years of court maneuvers, the most prominent of the Fannie Mae/Freddie Mac shareholder lawsuits finally went to trial. Now it’s in the hands of a jury.
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Late Court Rulings Set Stage for Fairholme Trial

October 6, 2022
Dennis Hollier
In what is likely to be the last legal wranglings in Fairholme v. FHFA before its long-awaited jury trial begins, Judge Lamberth dealt Fannie/Freddie shareholders a modest defeat.
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Court Puts an End to 1,700 Institutions’ HMDA Holiday

October 6, 2022
Sam Manas
The CFPB’s 2020 rule, exempting some institutions from Home Mortgage Disclosure Act reporting, was found to be arbitrary and capricious by the D.C. District Court.
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Appraisers: Fannie Complaints to State Regulators Unwarranted

September 29, 2022
Dennis Hollier
Appraisal professionals accused the GSE of using unsigned, boilerplate complaints when referring appraisers to state boards for disciplinary action.
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GSE Shareholders to Make Last Stand Against FHFA

September 15, 2022
Dennis Hollier
Treasury and FHFA motions for dismissal could be the last gasp in the most prominent shareholder lawsuit challenging the net worth sweep.
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SEC Settles Insider Trading Charges Tied to Equifax

August 25, 2022
Brandon Ivey
Based on insider information about a then-undisclosed data breach at Equifax, Lawrence Palmer and Jerrold Palmer through accomplices had shorted shares of the company.
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Equifax Credit Score Snafu May Have Had Wider Impact

August 18, 2022
Dennis Hollier
A plaintiff in a class-action lawsuit claims the Equifax credit score glitch cost her more on auto loan payments.
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