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Home » Topics » Inside Mortgage Finance » Legal Actions

Legal Actions
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Minor Changes Expected With Home Sale Commissions

January 25, 2024
Brandon Ivey
The commission structure for real estate agents looks likely to change as the National Association of Realtors and brokerages face charges of price fixing. The move is unlikely to have a major impact on mortgage lenders.
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AIME Splits Advocacy Group Supporting Mortgage Brokers

January 25, 2024
James Dohnert
Katie Sweeney, CEO of the Association of Independent Mortgage Experts, is stepping down to lead AIME offshoot Broker Action Coalition.
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Court Upholds Conviction of Borrower for Lies to Servicer, FDIC

January 11, 2024
James Dohnert
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.
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Oral Arguments Held in Townstone Redlining Case

December 14, 2023
Sam Manas
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.
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Court Upholds Restrictions on Better in Employee Dispute

December 14, 2023
Brandon Ivey
Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court.
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PennyMac Ordered to Pay $155 Million in Tech Breakup

December 7, 2023
Brandon Ivey
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.
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Texas Capital Sues Ginnie, HUD Over Loans to RMF

October 12, 2023
Monica Hogan
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.
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Supreme Court Sympathetic to CFPB in Funding Case

October 5, 2023
Sam Manas
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.
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GSE Shareholders Still Face Challenges in Court

October 5, 2023
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.
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Grapevine: CFPB’s Day in Court; CFPB Tracking Lending Trends

September 28, 2023
Brandon Ivey
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.
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