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Home » Topics » Inside Mortgage Finance » Legal Actions

Legal Actions
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CDC’s Eviction Moratorium Already Faces First Lawsuit

September 17, 2020
Dennis Hollier
Less than a week after it went into effect, the Centers for Disease Control and Prevention’s controversial eviction moratorium is facing a legal challenge from a landlord of a small mortgaged property.
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Agencies Authorize Relief for Recent Natural Disasters

September 11, 2020
Maria Volkova
HUD issued a 90-day moratorium on foreclosures on FHA-insured homes in the presidentially declared disaster areas ravaged by Hurricane Laura.
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Multifamily Borrower/Owner Charged with $28M Fraud

August 27, 2020
Dennis Hollier
Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans.
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NYDFS Charges First American over Data Breach

July 30, 2020
Brandon Ivey
In its first cybersecurity-related enforcement action, the New York regulator charged First American Financial with inadvertently disclosing more than 850 million personal title insurance documents.
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Industry U-turns on Disparate Impact, Calls for Rule Withdrawal

July 30, 2020
Maria Volkova
According to Ted Tozer, former Ginnie Mae president, lenders experienced aggressive disparate-impact litigation during the previous administration, resulting in initial support for revising the disparate impact rule.
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BofA Settles Disability Discrimination Claims for $300K

July 30, 2020
Yemeng Yang
Bank of America wrote policies between 2010 and 2016 that denied mortgages and HELOCs to adults with disabilities who were under legal guardianships or conservatorships.
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CFPB Brings First Redlining Lawsuit Against a Nonbank

July 23, 2020
Yemeng Yang
The action doesn’t come as a total surprise. Industry attorneys said the CFPB, even under a business-friendly GOP, has been itching to do so for several years.
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Court Dismisses Two More GSE Shareholder Lawsuits

July 16, 2020
Dennis Hollier
Chief Judge Margaret Sweeney won’t allow Fannie and Freddie shareholders to bring derivative claims related to the net worth sweeps.
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CFPB Trying to Pick Up the Pieces After SCOTUS Loss

July 9, 2020
Dennis Hollier
The Consumer Financial Protection Bureau has ratified all regulatory actions taken between Jan. 4, 2012, and June 30, 2020.
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Arkansas Man Charged with $8 Million PPP Loan Fraud

July 2, 2020
Dennis Hollier
According to charges filed by an FHFA special agent, the defendant submitted fraudulent PPP loan applications to two Federal Home Loan Banks.
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