The lender contended that recent HUD guidance on appraisal reviews is contradictory to government mandates of appraiser independence.

The CFPB’s settlement with Townstone included a relatively small fine for the lender and dropped allegations against the CEO.

The Cenlar regulatory saga continues. There are rumblings of a potential sale though no known offering book.

A Black borrower alleged that Rocket Mortgage canceled her refinance application after she repeatedly requested that her home appraisal be revised because it was discriminatory.

A Florida broker’s complaint alleging UWM violated antitrust laws and attempted to monopolize the wholesale mortgage market failed, after no plausible evidence was provided.

The CFPB has 30 days to amend its complaint against Loan Originator Services as part of a fair lending lawsuit filed against a Texas-based developer and lender, Colony Ridge.

In the long run, mortgage brokers and real estate agents believe the NAR commission settlement will boost business.

The nonbank misled borrowers into believing that its cash-out refinance loans were less expensive than their existing mortgages.

The Department of Housing and Urban Development charged Rocket Mortgage with appraisal bias in connection with a denied refinance application. loanDepot settled a similar charge with the CFPB this year.

The CFPB has permanently banned three companies from servicing reverse mortgages. Separately, the bureau issued a proposed order against Freedom Mortgage for repeated submissions of faulty HMDA data.