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.
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.
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.
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.
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.
Lenders argue the temporary measures adopted by Fannie and Freddie to promote condo safety unnecessarily raise costs for borrowers and present liability issues for HOAs and cooperatives.