A California-based mortgage lender is facing a lawsuit after accusations it did not accurately pay employees for time worked. Processing Content San Diego labor law attorneys at Zakay Law Group filed a representative action complaint Monday in San Diego County Superior Court of the State of California against Hometown Equity Mortgage, which does business under […]
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Five more mortgage lenders were hit with spam call lawsuits in the past few weeks, as more joined the lineup of defendant firms. Processing Content The latest companies facing federal Telephone Consumer Protection Act complaints are Hartford Funding, Mortgage Pros, Mutual of Omaha, NEXA Lending and Tomo Mortgage. The cases all filed since July 16
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Overall foreclosure prevention activity slowed at Fannie Mae and Freddie Mac this spring, just ahead of a transition to shorter allowable forbearance periods and more reliance on loan modification. Processing Content The government-sponsored enterprises (GSEs) completed 17,201 foreclosure prevention actions during the month, representing an 8.7% drop from March’s 18,835. “Foreclosure prevention actions decreased in
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