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Home » Topics » Inside Mortgage Finance » Legal Actions

Legal Actions
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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.
Read More

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.
Read More

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.
Read More

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.
Read More

CFPB, DOJ Bring Enforcement Action Against Trident Mortgage

July 28, 2022
Sam Manas
The proposed consent order with the Pennsylvania-based mortgage lender, if entered by the court, would be the CFPB’s first redlining resolution with a nonbank.
Read More

Laid-Off Employees Sue Sprout for Unpaid Wages

July 14, 2022
Sam Manas
Former employees of the shuttered mortgage lender claim Sprout didn’t provide the required notice of termination and was holding back regular wages.
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Grapevine: The Mysteries of Sprout / Better Hires

July 14, 2022
Paul Muolo and Brandon Ivey
There’s not much left at non-agency lender Sprout Mortgage but there are plenty of rumors, none of them good. Meanwhile, mortgage fintech Better.com has been adding senior managers.
Read More

Court Finds RPM/LendUS Deliberately Blew Up Merger

June 17, 2022
Sam Manas
A New York district court has found that RPM/LendUS used stalling tactics to get out of a merger deal with Entitle Direct Group, a title insurance company.
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UWM Settles Overtime Pay Lawsuit to Focus on Business

June 9, 2022
Monica Hogan
The reason, United Wholesale Mortgage told employees, was to avoid legal bills and long-drawn court proceedings.
Read More

FHFA IG Secures $248 Million in Fines and Restitution for Year

May 26, 2022
Dennis Hollier
Despite a significant decline in indictments and convictions, the FHFA IG’s Office of Investigations secured more than six times as much in restitution than in the prior period.
Read More
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