The Trump administration wants to back off yet another mortgage-related lawsuit, aiming to exit a dispute between borrowers and Mr. Cooper over alleged servicing junk fees. The Consumer Financial Protection Bureau asked a judge to withdraw its amicus brief supporting plaintiffs challenging Mr. Cooper’s $25 expedited payoff quote statements. In that brief filed last August, […]
CFPB backs off Mr. Cooper ‘junk fee’ lawsuit Read More »
Rocket Companies and Redfin are pushing back against a lawsuit that could disrupt the closing of the mortgage giant’s $1.75 billion acquisition of the real estate brokerage. Plaintiff Jason Morano, a Redfin shareholder, sued the brokerage and Rocket in early May, alleging that Redfin’s disclosures to the Securities and Exchange Commission regarding the deal omitted
Rocket, Redfin aim to block stockholder suit proceedings Read More »
Two men will spend multiple years in federal prison for a scheme to buy a $1.3 million Virginia home. A federal judge this week sentenced Herman Estes Jr., of Fieldale, Virginia to 84 months in prison for the wire and tax fraud to purchase the Roanoke County home in March 2023. A co-conspirator, Daniel Heggins
Fraudsters get prison for $1.3M Virginia home scheme Read More »
A Redfin stockholder is ringing the alarm regarding the imminent closing of Rocket Companies’ $1.75 billion acquisition of the real estate brokerage, filing a suit that claims that certain information was not disclosed to investors. Plaintiff Jason Morano alleges that Redfin submitted “materially incomplete and misleading” filings with the Securities and Exchange Commission in order
Redfin investor alleges lack of Rocket deal transparency Read More »
Former Churchill Mortgage employees moved one step closer to getting a $850,000 settlement approved by a federal court in Tennessee over claims that their employee retirement accounts were mismanaged. The proposed settlement would dole out approximately $850 per class member and over $200,000 would be paid to attorneys representing plaintiffs. If approved, the deal would
Churchill Mortgage ESOP suit may pay out nearly 300 Read More »
A North Carolina resident claims Wells Fargo denied her government-mandated COVID-19 loss mitigation options, which resulted in the forced short-sale of her house.The plaintiff, Marian Elgin, lost her job in 2020 due to the pandemic and applied for CARES Act forbearance, but was denied by the bank, litigation filed in a federal court in California
Wells Fargo sued for denying borrower COVID-19 loss mit Read More »