Small brokerages and big lenders are facing more lawsuits over annoying phone calls and text messages, in cases that could last years and cost companies millions of dollars. Processing Content Consumers have filed at least eight Telephone Consumer Protection Act claims in recent months against mortgage players, including two lawsuits against United Wholesale Mortgage in […]
TCPA class action complaints hit more mortgage lenders Read More »
Zillow is facing another antitrust lawsuit, this time from a real estate agent who described the company’s efforts to steer homebuyers to its allegedly less competitive mortgage business. Processing Content Stephanie Dupuis, an agent with a team based across the Puget Sound from the Seattle real estate listing giant, filed her class action last week
Zillow sued for steering buyers to its mortgage unit Read More »
United Wholesale Mortgage and its chief marketing officer are distancing themselves from the Katie Sweeney legal saga, denying they have undue influence over a broker trade group. Processing Content The company and its CMO Sarah DeCiantis formally responded to Sweeney’s accusations last week, part of her fight to recoup $300,000 from the Association of Independent
UWM, executive deny influence over AIME in Sweeney lawsuit Read More »
SitusAMC is gearing up for a legal battle over the fallout of its data breach last fall, as eight class action complaints have been consolidated in federal court. Processing Content The cases quickly piled up after the industry vendor revealed in November that it suffered a cybersecurity incident. The company has emphasized no encryption nor
SitusAMC faces consolidated class actions after data breach Read More »
A new racketeering lawsuit claims two Hallmark Home Mortgage employees aided a homebuilder in a construction Ponzi scheme that affected hundreds of customers. Processing Content Florida resident Reynel Suarez named the lender and its parent, Fairway Home Mortgage, among a dozen defendants in his class action late last month. The plaintiff says Hallmark disbursed millions
Hallmark Home Mortgage accused in Ponzi scheme lawsuit Read More »
Optimal Blue and dozens of lenders are poking holes in an antitrust case from borrowers, suggesting a core flaw in their claims in that the vendor doesn’t operate a pricing algorithm. Processing Content Defendants including 26 of the industry’s most prominent originators hinted at their arguments Monday in their first formal response to the lawsuit
Optimal Blue, lenders contest software price fixing claims Read More »
United Wholesale Mortgage is trying to erase the remnants of a lawsuit which prominently scrutinizes the megalender’s relationship with its thousands of mortgage broker partners. Processing Content A federal judge gutted the racketeering class action suit last fall, which accuses the wholesale leader of conspiring with loyalist brokers to steer customers to higher-cost home loans.
UWM trying to toss lingering RESPA class action claims Read More »
Fannie Mae wants to squash separate lawsuits from workers it fired last spring, who are accusing the government-sponsored enterprise of discrimination and defamation. Processing Content The accusations stem from a mass termination in April, in which Federal Housing Finance Agency Director Bill Pulte said over 100 employees were fired for fraud. Housing officials never elaborated
Fannie Mae fending off discrimination, defamation lawsuits Read More »
Scandalous accusations and serious questions of law are likely to crop up in new lawsuits by mortgage consumers and lenders in 2026. But some cases today already carry plenty at stake for the industry. Major players are accused of violating the Real Estate Settlement Procedures Act in stiffing borrowers and their own employees. Leading companies
The biggest lawsuits facing mortgage players in 2026 Read More »
A federal judge has barred eight former Union Home Mortgage employees from originating loans in their local cities, a win for the lender in an ongoing lawsuit. Processing Content The multichannel lender sued its ex-branch managers and loan officers this year after they moved to American Pacific Mortgage in January. The plaintiff firm accused its
LOs hit with temporary bans in Union Home Mortgage case Read More »