One of the targets of the Federal Housing Finance Agency’s mortgage fraud probes is dropping his lawsuit against the regulator and its leader. Processing Content Rep. Eric Swalwell, D-Calif., FHFA Director Bill Pulte and the agency itself have all agreed to voluntarily dismiss the lawmaker’s suit, according to a case filing Friday. The announcement did […]
Swalwell drops Pulte suit while FHFA fraud probes stall Read More »
A loan officer couple under fire in a poaching lawsuit is suing their former lender for allegedly scraping their private emails to make their case. Processing Content Ashley and Christopher Hoehn sued Stockton Mortgage this week in federal court for computer fraud, adding another layer to a legal battle between the parties. The Alabama-based couple,
Poached LOs sue former lender for email surveillance Read More »
Equity Prime Mortgage is asking a judge to enforce a six-figure settlement slated for its former employees in a wage case, a deal the workers’ attorneys say isn’t real. Processing Content The company this week claims the parties agreed to a $660,000 payout last summer, and that the plaintiffs’ attorneys are now reneging on that
Equity Prime Mortgage, ex-workers at odds over settlement Read More »
Lower is both plaintiff and defendant in two new poaching lawsuits. Processing Content Two federal complaints involving the lender filed Tuesday invoke claims of tortious interference, in employees violating their non-solicitation agreements. The company sued Atlantic Coast Mortgage in an Ohio court, while Chicago-based The Federal Saving Bank sued Lower in a Maryland forum. The
Lower is the target, and victim, in two new poaching suits Read More »
A former Rocket Mortgage employee is accusing the company of creating a hostile workplace and violating the American with Disabilities Act due to her medical conditions, according to a new discrimination lawsuit. Processing Content In legal documents filed in Michigan federal district court in March, the former employee, Ashley Isberg, said company leaders intentionally derailed
Rocket sees new allegations of ADA violations Read More »
Key Insight: U.S. District Judge James Boasberg wrote in documents unsealed Friday that the Trump administration produced no evidence to suspect Federal Reserve Chair Jerome Powell of a crime, justifying the tossing of the subpoenas. The Justice Department said it would challenge the decision. Expert quote: “The Government has produced essentially zero evidence to suspect
Judge tosses out ‘unsubstantiated’ subpoenas into Powell Read More »
Churchill Mortgage and an ex-manager are sparring in a poaching case with accusations of unpaid severance, stolen customers, claims the lender is broke, and ChatGPT espionage. Processing Content The company sued Jeffrey Miller last summer, claiming the laid-off manager used internal compensation and performance data to lure his former colleagues to his new employer Supreme
Churchill vs. ex-manager: Poaching, severance, ChatGPT Read More »
The Consumer Financial Protection Bureau is still impacting the mortgage industry, despite a lack of examinations or investigations and the threat of a mass firing. The regulator under Acting Director Russell Vought has continued to provide regulatory guidance to financial institutions, and even defended some actions put forth by the prior Chopra-led bureau. Richard Horn,
Former CFPB counsel: Agency is doing more than you think Read More »
Former Sprout Mortgage workers are dropping their long-running lawsuit to recoup lost wages from the failed lender. Processing Content Attorneys for plaintiffs told a federal court last week they intend to file a voluntary dismissal, which would end the nearly four-year-old case. The expected wind down wraps a difficult journey for the laid-off workers, who
Fired Sprout workers to drop class action seeking lost wages Read More »
A newly launched California mortgage lender is suing a competitor over allegedly submitting false fraud reports to shared lending partners in order to sabotage it. Processing Content Lendwise Mortgage filed a complaint Monday in Los Angeles Superior Court against Priority Financial Network Lending Group and its CEO, Marc Shenkman. The lawsuit claimed PFN falsely reported
Startup lender alleges rival sabotaged its business Read More »