Judge blocks CFPB bid to undo Townstone redlining settlement
A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants.U.S. District Judge Franklin Valderrama ruled that allowing the CFPB t
Judge sets trial timeline for Mutual of Omaha and Longbridge
An order signed by a magistrate judge in the U.S. District Court for the Southern District of California has established a forward timeline for the ongoing lawsuit between major reverse mortgage industry lenders Mutual of Omaha Mortgage and Longbridge Financial. A trial is scheduled to begin in Nove
Logan Finance launches new product suite for non-QM borrowers
Nonqualified mortgage (non-QM) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements.The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investor
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