The survival of the complaint against Selene Finance could lead to copy-cat class-action proceedings against mortgage servicers.

Compliance with the Section 1071 rule will now begin for the first set of financial entities on July 1, 2026.

Appeals court upholds multi-million-dollar judgment against Libre by Nexus; states settle with mortgage company over illegal MLO conduct.

The Supreme Court’s decision last year in Cantero v. Bank of America is trickling down to lawsuits in lower courts, including a decision in a case about interest on mortgage escrow accounts.

MISMO’s Mortgage Compliance Dataset will ease compliance processes for state regulators and mortgage lenders, according to mortgage industry experts.

Rocket Mortgage claims it had no authority to correct the alleged discriminatory appraisal connected to a refinance application. The lender said it expects to be vindicated.

Fewer than 3,000 people have been convicted of federal mortgage fraud over the past 12 years and most didn’t serve the maximum sentence, according to an industry researcher.

The CFPB this month ended consent orders against four companies, including Apple and U.S. Bank, citing payments of penalties, among other reasons.

Many industry stakeholders are worried the proposal would create consumer protection gaps in the financial sector.

While some industry members are pushing the bureau to raise larger participant thresholds, others worry the reduced oversight will harm consumers.