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Home » Authors » Shannon Clark

Articles by Shannon Clark

MV Realty Settles Lawsuit Over Deceptive Marketing

March 23, 2026
Shannon Clark
The real estate brokerage agreed to pay $2.25 million and change its marketing to settle a lawsuit brought by the Massachusetts attorney general’s office.
Read More

Strong QC Essential for Per Diem Interest Compliance

March 23, 2026
Shannon Clark
Sheila Oliver, deputy commissioner at the California Department of Financial Protection and Innovation, advised mortgage companies to have strong monitoring systems to verify per diem interest after loan closing and detect any adverse events impacting their systems.
Read More

Republicans Look Beyond CFPB to Address Fraud

March 23, 2026
Shannon Clark
At a House hearing on fraud, Democrats argued that the CFPB is essential to fighting fraud, but needs support. Republicans largely ignored the arguments.
Read More

Appeals Court Revives Rocket Employment Discrimination Lawsuit

March 23, 2026
Shannon Clark
An Ohio appeals court ruled that a lower court erred in granting Rocket Mortgage summary judgment in an employee discrimination lawsuit.
Read More

Consumer Advocacy Group Urges CFPB to Examine Bilt

March 23, 2026
Shannon Clark
Protect Borrowers, a consumer advocacy group, alleged that Bilt is causing harm to consumers by mishandling rent payments and disabling access to accounts as it transitions to a new credit card partner.
Read More

Other News in Brief

March 23, 2026
Shannon Clark
Bill aimed at making changes to the Gramm-Leach-Bliley Act; Sen. Elizabeth Warren, D-MA, seeks more information from the largest auto lenders.
Read More

Trump Orders Mortgage Regulation Rollback

March 19, 2026
Shannon Clark
A new executive order directs federal agencies to consider changing several major mortgage regulations in part to increase mortgage lending by smaller banks. Consumer advocates raised alarms.
Read More

Trump Signs EOs to Boost Housing Supply, Affordability

March 19, 2026
Shannon Clark
The executive order directs federal agencies to revise and, in some cases, eliminate clean energy homebuilding requirements.
Read More

Tricolor ABS Investors Sue Warehouse Lenders, Underwriters

March 12, 2026
Shannon Clark
The investors claim the warehouse lenders and underwriters were aware of fraud at Tricolor, but ignored the warnings.
Read More

Luminate’s Nonbank Operation Banned in Washington State

March 12, 2026
Shannon Clark
The consent order could have little effect as Luminate Home Loans was folded into Luminate Bank last year and continues to originate mortgages.
Read More
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