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Mortgage Lending

Legal news related to Mortgage Lending

5 articles

Federal Circuit
•4 min read
Sixth Circuit Court of Appeals

6th Circuit Rules on Digital Contract Formation in Rocket Mortgage Case

The Sixth Circuit Court of Appeals issued a decision in *Dahdah v. Rocket Mortgage, LLC*, examining how valid contracts are formed online when websites require consumers to agree to terms through digital actions like clicking buttons or registering accounts.

•Sixth Circuit examined what online actions constitute valid contract formation between consumers and websites
•Case was recommended for publication, indicating precedential value for future digital contract disputes
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Federal Circuit
•4 min read
Sixth Circuit Court of Appeals

6th Circuit Affirms Attorney's Fees Award in Trade Secret Case

The Sixth Circuit Court of Appeals affirmed a district court's decision to award reduced attorney's fees to Equity Resources, Inc. following its jury victory against T2 Financial, LLC d/b/a Revolution Mortgage in a trade secrets and business interference case. The appeals court rejected Revolution Mortgage's arguments challenging the fee award.

•Sixth Circuit affirmed attorney's fees award to Equity Resources after jury victory against Revolution Mortgage
•Original case involved allegations of trade secret theft and business interference in competitive mortgage lending market
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Regulatory
•4 min read

Federal Agencies Raise Mortgage Appraisal Threshold to $34,200

The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency announced that the 2026 threshold for higher-priced mortgage loans subject to special appraisal requirements will increase from $33,500 to $34,200.

•Three federal agencies jointly increased the small loan exemption threshold from $33,500 to $34,200 for 2026
•Loans below the threshold are exempt from enhanced appraisal requirements for higher-priced mortgages
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Regulatory
•4 min read

CFPB Releases 2024 HMDA Mortgage Lending Data with Privacy Protections

The Consumer Financial Protection Bureau has released comprehensive 2024 Home Mortgage Disclosure Act data containing loan-level information from financial institutions. The dataset includes privacy modifications to protect consumer information while maintaining analytical value for mortgage market oversight.

•CFPB released comprehensive 2024 HMDA mortgage lending data containing loan-level information from financial institutions
•Data includes privacy modifications to protect consumer information while maintaining analytical value
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Regulatory
•4 min read

CFPB Takes Action Against Draper & Kramer for Discriminatory Lending

The Consumer Financial Protection Bureau has taken enforcement action against Draper & Kramer Mortgage Corporation for allegedly engaging in discriminatory lending practices that discouraged homebuyers from seeking mortgages in predominantly Black and Hispanic neighborhoods in the Chicago and Boston metropolitan areas.

•CFPB filed enforcement action against Draper & Kramer Mortgage for discriminatory lending practices
•Allegations focus on discouraging mortgage applications in majority-Black and Hispanic neighborhoods
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