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 […]
New wave of mortgage companies hit with spam call lawsuits Read More »
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
Loan modifications rose ahead of policy transition: FHFA Read More »
AnnieMac Home Mortgage is the latest lender to settle a data breach lawsuit, agreeing to a $2 million deal with impacted consumers. Processing Content Plaintiffs in a federal class action complaint filed a motion for preliminary approval of a settlement this week, ending litigation over a 2024 hack at the company. The agreement covers 171,074
Lender payouts for data breaches grow with new settlement Read More »