A California jury on Friday dismissed the final headline-grabbing claims former loanDepot chief operating officer Tammy Richards made against the lender in 2021. Richards filed a lawsuit in September 2021 alleging that she was discriminated against by the lender, its former CEO Anthony Hsieh and former general counsel Peter Macdonald after blowing the whistle on what she…
"February 10, 2025" Archives
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The National Treasury Employees Union, which represents federal employees in 37 federal agencies and offices, has filed suit against Russell Vought, the director of the White House Office of Management and Budget (OMB), over actions he has taken to scale back the activities of the Consumer Financial Protection Bureau (CFPB) since being appointed as its…
A top law firm is investigating the role of appraisal management companies (AMCs) in driving up appraisal costs. The firm is asking homebuyers to contact them if they feel they’ve been overcharged or misled about how much of the appraisal fee goes to an AMC versus how much goes to the appraiser. In a blog…
Charlotte-based mortgage lender Cardinal Financial on Monday launched a new product suite to help mortgage brokers reach nontraditional borrowers. The lender’s wholesale division is now offering a nonqualified mortgage (non-QM) loan product suite aimed at serving consumers who have outside-the-box financial profiles. Karl Benjamin, the company’s executive vice president of wholesale, highlighted the new products…