U.S. Rep. Eric Swalwell (D-Calif.) has dropped a lawsuit that accused Federal Housing Finance Agency (FHFA) Director Bill Pulte of violating federal privacy laws. The parties agreed to the “dismissal of this action without prejudice, with each side bearing its own fees and costs,” according to court filings. The move means that Swalwell could refile […]
Rep. Swalwell drops privacy lawsuit against FHFA’s Pulte Read More »
Most professions get credit for what people can see them do. A surgeon’s skill is visible in the outcome. The engineer’s work shows up in the bridge that holds. In real estate, the closing table tends to get all the attention, from the signatures and the handshakes to the transfer of keys. What doesn’t get
The industry’s quiet first line of defense Read More »
Housing affordability is usually framed through numbers: mortgage rates, housing supply, construction costs and zoning restrictions. Washington debates the numbers, and families feel the squeeze. But there is another housing cost hiding in plain sight—real estate fraud. With Congress working on bipartisan housing solutions and the State of the Union address just around the corner, it’s
The hidden housing cost Washington can’t ignore: real estate fraud Read More »
Rocket Mortgage has sued a California mortgage brokerage and one of its executives, alleging they knowingly submitted fraudulent loan applications that concealed borrowers’ debts and caused financial losses after the loans were sold to investors. In a complaint filed Tuesday in the U.S. District Court for the Eastern District of Michigan, Rocket Mortgage said Sharp
Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit Read More »
CrossCountry Mortgage (CCM) filed a motion last week as it seeks to intervene in the criminal case against former loan officer Christopher Gallo, and to vacate a November court order that blocked the company’s arbitration claim against the former employee. National Mortgage News first reported the legal action. According to the Dec. 3 filing, the
CrossCountry challenges court order in Gallo mortgage fraud case Read More »
Senate Democrats are pressing their Republican colleagues to summon the Trump administration’s top housing regulator to Capitol Hill for questioning about his turbulent tenure overseeing the nation’s $13 trillion mortgage market. Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members
Senate Democrats want FHFA chief Pulte to testify by January Read More »
Representative Eric Swalwell, a California Democrat who has been a frequent critic of Donald Trump, filed a lawsuit on Tuesday claiming Federal Housing Finance Agency Director Bill Pulte abused his power to retaliate against one of the president’s political opponents. Swalwell alleges Pulte obtained and used the lawmaker’s personal mortgage records in violation of US privacy laws
Swalwell claims Pulte abused power to target Trump critics Read More »
A federal judge has dismissed the criminal case against New York Attorney General Letitia James, ruling that the prosecutor who brought the charges was unlawfully appointed and therefore lacked legal authority to present the case to a grand jury. Senior U.S. District Judge Cameron McGowan Currie, sitting by designation in the Eastern District of Virginia,
Judge dismisses charges against NY AG Letitia James Read More »
A group of Senate Democrats has asked the Government Accountability Office (GAO) to investigate Federal Housing Finance Agency (FHFA) Director Bill Pulte and other employees over criminal referrals against several public figures as they seek to determine whether federal authority and resources were misused. In a letter sent Monday to Gene Dodaro, the Comptroller General
Senate Democrats demand GAO investigation into Pulte Read More »
Federal Reserve Governor Lisa Cook’s legal team offered a detailed rebuttal to mortgage fraud allegations made by President Donald Trump and other US officials, arguing in a new letter to Attorney General Pam Bondi that the claims “fail on even the most cursory look at the facts.” Cook’s attorney Abbe Lowell sent a letter on Monday to
Fed’s Lisa Cook contests ‘baseless’ mortgage fraud case to Bondi Read More »