HUD opens probe into Wells Fargo’s race-based mortgage programs
HUD says bank initiatives may violate the Fair Housing Act
Regulatory
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State AGs urged to probe Zillow, pocket listings, referral fees
Letter to NAAG cites the Zillow-Redfin settlement, pocket listings, and “Contact Agent” routing as key targets
Pulte says FHFA weighing bi-merge, single credit report
FHFA opens door to VantageScore for all lenders
DOJ, FBI say China-backed hackers breached Fed, other US agencies
Court docs tie QTFY group to multiagency cyber breaches
Colorado’s AI proposal raises new compliance questions for lenders
MBA says definitions of ADMT and consequential decisions need clearer guidance for creditors
Unlock reaches deal with Minnesota AG after home equity agreements were labeled illegal
Minnesota AG secures nearly $1M in relief; Unlock is no longer offering HEAs there
Real Brokerage wins Canadian court approval for REMAX deal
Companies target Aug. 24 close, DOJ already ended HSR waiting period early.
Newrez agrees to $15.5M settlement over forced-place insurance
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.
Mortgage insurers face larger safety net rule for VantageScore 4.0
Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises.
Trump reportedly renews bid to oust Fed Gov. Lisa Cook
President Donald Trump is moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations.