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Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank

April 3, 2025 by bp56691
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.
Categories Ginnie Mae, HECM, HMBS, HUD, HWmember, Lawsuit, Legal, Reverse, Texas, Texas Capital Bank

Homebuyer sues eXp, accusing agent of breaching fiduciary duty

April 1, 2025 by bp56691
Plaintiff Michael Ammann previously filed suit against eXp in December 2024 over allegations of fraudulent practices and negligence.
Categories Cleveland, eXp Realty, eXp World Holdings, Glenn Sanford, HWmember, Lawsuit, Legal, Miami, Real Estate

Former executive sues Appraisal Institute, alleging wrongful termination

March 31, 2025 by bp56691
A former Appraisal Institute executive is suing after she was allegedly fired for pushing back against incorrect exam results.
Categories AMCs, Appraisals, Appraisals and Valuations, Illinois, Lawsuit, Legal

Federal judge orders CFPB to reinstate terminated employees

March 28, 2025 by bp56691
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia issued her ruling in conjunction with a lawsuit brought by the National Treasury Employees Union.
Categories CFPB, DOGE, HWmember, Lawsuit, Legal, Mortgage, Regulatory, Trump Administration

CFPB staffer alleges misconduct in Townstone redlining suit

March 26, 2025 by bp56691
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
Categories CFPB, Discrimination, HWmember, Kathy Kraninger, Lawsuit, Legal, Mortgage, Redlining, Regulatory

Treasury Department plans to cut thousands of employees

March 25, 2025 by bp56691
U.S. Department of Treasury plans to lay off a “substantial portion” of its staff.
Categories CFPB, Department of the Treasury, HWmember, Legal, Politics, Trump Administration, U.S. Department of the Treasury, U.S. Treasury

HUD approves then rescinds funds for NY housing groups

March 16, 2025 by bp56691
Millions in federal grants for housing groups in New York City were reportedly held up Friday, just after news that the funds were approved.
Categories Affordable Housing, DOGE, Homelessness, HUD, HWmember, Legal, New York City, Politics, Real Estate, Trump Administration

Judges rule that CFPB, HUD probationary employees still have jobs — for now

March 15, 2025 by bp56691
Probationary employees at the CFPB, HUD and other federal agencies had their jobs restored temporarily in two court rulings this week.
Categories Housing Market, HUD, HWmember, Lawsuit, Legal, Politics, Regulatory, Trump Administration, U.S. Department of Veterans Affairs, USDA

Mutual of Omaha amends counterclaim against Longbridge Financial

March 7, 2025 by bp56691
Mutual of Omaha has fired back with an amended counterclaim in its lawsuit with Longbridge Financial over deceptive advertising allegations.
Categories HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse

25 Canadians charged in ‘grandparent scam’ targeting U.S. seniors

March 6, 2025 by bp56691
25 Canadians have been charged by U.S. authorities with bilking older Americans out of an estimated $21 million.
Categories AARP, ALTA, Canada, FBI, HWmember, Legal, national association of realtors, Reverse
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