Andrew Martinez

Central Mortgage Funding failed to adhere to an earlier consent order imposed for using unlicensed mortgage loan originators.

The meals, which were more promotional than sales-oriented, shouldn't make originators exempt from receiving overtime pay, an attorney argued.

The Consumer Financial Protection Bureau is suing Vanderbilt Mortgage and Finance, a unit of Berkshire Hathaway subsidiary Clayton Homes, for risky lending practices that left many consumers bankrupt and without a home.

The lenders are working on written agreements to resolve the complaints involving a combined 30 mortgage professionals named defendants.

The fires raging in the Greater Los Angeles region are highlighting the tinder box the pricey homes in that region represent.

The trade group's bid to stop a federal probe is likely to be among the overwhelming majority of cases the high court rejects, an industry attorney said.

Californians have paid relatively less for coverage than homeowners in the storm-stricken Midwest and Southeast regions, according to Intercontinental Exchange.

Impacted borrowers should anticipate some breaks from insurance coverage and home loan payments, but timelines and relief funds could vary significantly.

Matthew Ammon served as interim secretary between January and March 2021, ahead of the confirmation of now-retired head Marcia Fudge.

A deep winter freeze is halting mortgage volume. For reprint and licensing requests for this article,