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Courts
Coming Up:
UBS Settles RMBS Lawsuit For $1.435 Billion
Resolves 2018 civil action alleging misconduct related to UBS’ underwriting of securities
loanDepot Settles Class Action Lawsuit For $3.5M
Shareholders had accused the lender, its executives, and bank underwriters of misleading disclosures during the 2021 IPO, while loanDepot denies any wrongdoing.
Pair Indicted For Theft Of $2.1 Million From Cash Out Mortgages
Duo used impostors, fake IDs to defraud elderly Vietnamese Americans – and dupe banks.
Florida Man Pleads Guilty To Nationwide Mortgage Audit Scheme
Charged with wire fraud for claims he could wipe out clients’ mortgage debt.
Jury Resolves Decades Long Dispute Over Servicing
LoanCare wins $22.6M in countersuit against Freedom Mortgage.
LoanDepot Faces New Shareholder Suit Amidst Ongoing Legal Woes
Allegations of investor deception and breach of fiduciary duty plague the mortgage firm.
Go Mortgage Sues Former Exec For ‘Corporate Sabotage’
Claims ex-director of capital markets cost company millions in financial losses.
Involuntary Bankruptcy Petition Halts Sprout Settlement
Creditors seek $1.35M from Sprout by filing Chapter 7 petition in New York court.
Homepoint Sues 7 Correspondent Lenders Over Repurchases
Claims breaches of contract; seeking more than $4.6 million in restitution.
FTC Delays Hearing On ICE-Black Knight Merger
Rescheduled for September to allow federal court to rule on injunction first.