loanDepot seeks dismissal of class-action lawsuit in Maryland
Borrowers allege loanDepot steered them into higher-cost loans and penalized loan officers; loanDepot argues the plaintiffs lack standing because their loans were unaffected.
CFPB to review mortgage servicing, loan officer comp rules
CFPB is considering changes to loan originator compensation and mortgage servicing rules under TILA and RESPA, causing uncertainty in the mortgage industry.