The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a Delaware bankruptcy judge to settle a Worker Adjustment Retraining Notification (WARN) Act lawsuit for $1.75 million.In June 20

California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak.“Pennymac’s broker partners can now offer their clients a home equity loan as a second lien solution to access more cash, while still preservi

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes, the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases. Last May, EasyKnock gobbled up Ribbon, a power buyer firm, and in Sep

The National Association of Realtor’s ongoing battle with the Department of Justice is heating up again. On Friday, a three-judge appellate court panel in Washington, D.C. heard oral arguments from both NAR and the DOJ, over whether the federal agency will be able to reopen its probe into the trade