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Home » Topics » Inside Mortgage Finance » Legal Actions

Legal Actions
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Does Net Worth Sweep Mean Nationalization of the GSEs?

December 10, 2020
Dennis Hollier
Justice Stephen Breyer raised eyebrows by characterizing the government’s net worth sweep of Fannie Mae and Freddie Mac profits as nationalization of the GSEs.
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Mr. Cooper to Pay $131M to Settle Servicing Disputes

December 10, 2020
Yemeng Yang
Mr. Cooper has agreed to pay more than $131 million to settle two separate investigations tied to servicing violations following the 2008 financial crisis.
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Faced with Legal Action, NAR Apologizes for Biased Policies

November 25, 2020
Maria Volkova
The Department of Justice has proposed a settlement that requires Realtors to provide greater transparency to home buyers regarding broker commissions.
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Redfin Accused of ‘Digital’ Redlining

November 20, 2020
Maria Volkova
In a new lawsuit, fair housing organizations have alleged that Redfin’s minimum price policy makes it harder for agents to sell homes in minority neighborhoods.
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Wells Agrees Not to Place Borrowers in Forbearance Unless Requested

November 12, 2020
Brandon Ivey
In order to settle a class-action lawsuit, the nation’s largest servicer said it will provide forbearance only to borrowers who request assistance verbally, in writing or through electronic means.
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Court Dismisses Charges in $500 Million MF Mortgage Fraud Case

November 5, 2020
Dennis Hollier
A federal judge found that the government’s failure to provide evidence in a timely manner violated the defendants’ constitutional right to a speedy trial. But the case was dismissed without prejudice.
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Court Halts HUD’s Final Disparate-Impact Rule

October 29, 2020
Maria Volkova
A last-minute injunction secured by consumer groups on Sunday has halted HUD’s revised disparate-impact rule, which makes it harder to prove discrimination.
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Calabria Could Be in for a Rough Ride if Biden Wins

October 15, 2020
Dennis Hollier
Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.
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Industry Against Proposed Legislation to Hike IRRRL Fees

September 24, 2020
Maria Volkova
The Mortgage Bankers Association and the National Association of Realtors have urged Congress to stop hiking VA loan-guarantee fees to offset the costs of non-housing programs involving veterans.
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Three Amicus Curiae Briefs Filed in Collins v. Mnuchin

September 24, 2020
Dennis Hollier
After a mixed decision in the Fifth Circuit, it’s not clear how the SCOTUS will rule — especially with the death of Justice Ruth Bader Ginsburg last week. Oral arguments are scheduled for Dec. 9.
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