This past year saw numerous brow-raising conflicts erupt within the mortgage industry.
Rival mortgage lenders sent litigation flying against one another with accusations being made of loan officer poaching and of trade secrets theft. Some of these suits were settled before year-end, while others remain pending in federal courts.
Former employees sued former mortgage lenders for alleged unfair practices and a top loan officer and his assistant got dinged for alleged large scale mortgage fraud.
Additionally, an expose from a start-up publication outlining alleged practices by the top lender in the nation sent the industry into a tizzy.
Here’s a breakdown of the most high profile legal battles between lenders and other entities over the past year.
