A mortgage borrower lost an appeal of a district court decision that he lied to a servicer and to the FDIC about the amount of debt he owed.

The arguments before the Seventh Circuit Court of Appeals centered on whether the CFPB has the authority to extend the Equal Credit Opportunity Act’s protections to cover prospective applicants.

Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court.

Black Knight didn’t receive all of the damages it sought from PennyMac while the nonbank servicer is now free and clear to use proprietary technology that’s less expensive than Black Knight’s offerings.

Warehouse lender Texas Capital Bank claims it lost money after Ginnie Mae extinguished its interest in liens associated with the now-defunct Reverse Mortgage Funding.

The Supreme Court heard oral arguments this week in a case challenging the constitutionality of the CFPB’s funding structure. Analysts say the bureau has a good chance of prevailing.

Even after a big win in a district court in August, Fannie Mae and Freddie Mac shareholders continue to face setbacks in other legal venues.

The Supreme Court will hear oral arguments next week in a case that could decide the fate of the CFPB; CFPB tracking lending trends from 2022 HMDA data; FHFA looks to expand activity involving mortgages with shared-equity features.

The founder of the shuttered non-QM lender Sprout Mortgage has shifted to personally brokering loans. Also, a class-action lawsuit against Sprout was complicated by a bankruptcy filing.

A judge determined that Change Lending will be able to provide loans as a certified CDFI until at least December.