Rocket, UWM and 24 Major Lenders Sued for Alleged Price-Fixing
A new class-action lawsuit from homebuyers has been entered into the docket—this one targeting mortgage lenders. The case, known as ...
Tag: Mortgage Lenders
Rocket Completes $14.2B Acquisition of Mr. Cooper
Rocket Companies’ acquisition of mega-servicer Mr. Cooper Group has now officially been completed. In a release today announcing the completed ...
Mortgage Mix: Trump Signs Homebuyers Privacy Protection Act Into Law
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday ...
Rocket Companies’ Mr. Cooper Acquisition Cleared by the FHFA
The Federal Housing Finance Agency (FHFA) has announced its allowance for Fannie Mae and Freddie Mac to approve Rocket Companies’ ...
Former Flagstar Employee Alleges Retaliation, Potential Money Laundering in Lawsuit Against Company, Ex-CEO
A former chief compliance officer with Flagstar Financial alleges he was fired for investigating money laundering and reporting compliance violations ...
Home Prices Reach Record High, but Profit Margins Stagnate
Home sellers saw a slight increase in profit margins in the second quarter of this year, according to a report ...
Rocket Lays Off 2% of Staff Following Redfin Acquisition
Just a few weeks after acquiring Redfin for $1.75B, Detroit-based Rocket Companies last Friday laid off 2% of its workforce. ...
loanDepot Accused of Steering, Loan Officer Compensation Violations in Federal Class-Action Lawsuit
A group of mortgage borrowers has filed a federal class-action lawsuit against one of the nation’s largest mortgage lenders, alleging ...
Mortgage Mix: U.S. Home Purchase Cancellations Rise in April; Privatization of GSEs Back in the Spotlight
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday ...
Mid-Size Lender Lower Acquires Home Search Portal Movoto as Year of Consolidation Continues
Digital mortgage lender Lower has acquired real estate portal Movoto in a move that shows a growing appetite for deals ...
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