The federal appeals court has dismissed all claims in Fairholme Funds and seven other shareholder lawsuits against the U.S. government.

The servicer will pay $1.5 million to settle a class action alleging it recorded phone conversations with mortgagors without their consent.

The agreement restricts broker partners from sending loans or applications to Rocket Mortgage and Fairway Independent Mortgage. The California-based broker said the provision is illegal and anticompetitive.

The Federal Housing Finance Agency’s OIG found that the $250,000 “retention award” in question could amount to the payment of a “bonus” in violation of the STOCK Act.

It’s not easy to bring multi-state enforcement actions, yet regulators from 44 states signed consent orders with 441 loan officers who lied about having completed required annual continuing education courses.

Two nonbanks are trading accusations tied to the pilfering of staff, at least that’s how it started. Eventually, the case could be settled out of court but not before some damaging allegations get aired in public.

Federal regulators have begun to flex their muscles on fair lending under the DOJ’s new Combatting Redlining Initiative.

In the wake of a messy lawsuit filed by a former top official, loanDepot’s staff has been the target of recruitment efforts. Should we be surprised?

In regard to underwriting shortcuts, loanDepot said it did nothing wrong, but the nation’s sixth-largest home lender’s counterparties may need some reassurances. One observer called a lawsuit filed against the company a legal “nightmare.”

Assessing the legacy of former FHFA Director Mark Calabria: Did he do more harm than good? All depends on your line of business.