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Home » Topics » Inside Mortgage Finance » Legal Actions

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SCOTUS Refuses Appeal in Fairholme Funds et al.

January 12, 2023
Dennis Hollier
With the high court declining Fannie Mae/Freddie Mac shareholders’ petition for a writ of certiorari, it’s hard to see what legal avenues are still open to these aggrieved investors.
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RoundPoint Settles Servicing Allegations in Bay State

January 5, 2023
Sam Manas
The mortgage servicer reached a relatively modest settlement with the Massachusetts Attorney General’s Office to resolve alleged violations of mortgage servicing and debt collection regulations.
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CFPB, Wells Reach Record Settlement: $3.7B

December 22, 2022
Sam Manas
The consent order covers unfair and deceptive acts and practices in mortgage servicing, auto loan servicing and maintenance of deposit accounts.
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New Suits Against Now-Closed Non-QM Lender Keep Sprouting Up

December 8, 2022
Sam Manas
Sprout Mortgage, which closed its doors in July, is facing at least four lawsuits from jilted business partners.
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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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