LoanDepot revamps leadership as it fights steering allegations

Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot “back to our roots.” Continue reading

Feds charge Trump nemesis Letitia James with bank fraud

James calls allegations over $109,600 mortgage baseless retribution, and a “continuation of the president’s desperate weaponization of our justice system.” Continue reading

Uber driver charged in blaze that erupted into the Palisades Fire

Investigators believe one of the deadliest and most destructive fires in California history was a “holdover” from the Lachman Fire, which Jonathan Rinderknecht, 29, is accused of starting. Continue reading

Fannie, Freddie close NY offices as Trump battles Letitia James

The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading

Credit bureaus slam plan to cut them out of FICO score pricing

Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac’s new direct license pricing as a useful first step, but said more reforms and competition are needed. Continue reading

Supreme Court not ready to let Trump boot Fed Governor Lisa Cook

The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading

FTC sues Zillow: A wake-up call for real estate agents and brokers

If you’re dependent on Zillow for lead gen, it’s time to build resilient funnels, own your data, and beef up your referral and content engines, Josh Ries writes. Continue reading

ATTOM data tool sniffs out true ownership of properties in LLCs

The “Transparent Owner” tool is becoming available as the Financial Crimes Enforcement Network, or FinCEN, prepares to crack down on money laundering in residential real estate. Continue reading