News & Analysis as of August 16, 2025

Consumer Financial Products

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

The State Consumer Protection Beat: State AGs Kick Off 2025 with a String of Actions and Support for the CFPB

Hudson Cook, LLP on 4/4/2025

The first two months of 2025 were filled with numerous consumer protection actions by state AGs against vehicle dealers and players in the mortgage space, among others. ...more

Pennsylvania attorney general sues mortgage brokers for illegal kickback scheme

Orrick, Herrington & Sutcliffe LLP on 3/24/2025

Recently, a complaint was filed by the Commonwealth of Pennsylvania, through Attorney General Michelle A. Henry (AG) in the U.S. District Court for the Eastern District of Pennsylvania, accusing a group of mortgage brokers...more

Massachusetts Attorney General files lawsuit against real estate investment services provider

Orrick, Herrington & Sutcliffe LLP on 3/10/2025

On February 19, a complaint was filed by the Massachusetts State Attorney General (AG) alleging that a real estate investment services company and its affiliate engaged in “systematic and pervasive unfair or deceptive acts...more

Massachusetts AG sues Hometap, saying company offers illegal home equity investments that really are reverse mortgages

Ballard Spahr LLP on 2/25/2025

Alleging that a Boston company “pervasively and systematically violated the state’s consumer protection laws, including mortgage and foreclosure prevention laws, putting financially vulnerable homeowners at high risk of...more

Florida Secures Order Blocking Enforcement of Real Estate Agreements

Cozen O'Connor on 2/21/2025

Florida Attorney General’s Office has secured a permanent injunction against MV Realty PBC, LLC and affiliates (collectively, “MV Realty”) prohibiting it from enforcing certain real estate agreements that the court concluded...more

SCOTUS to hear oral argument on Feb. 27 in National Bank Act preemption case

Ballard Spahr LLP on 1/18/2024

On February 27, 2024, the U.S. Supreme Court will hear oral argument in Cantero v. Bank of America, N.A., a case involving the scope of preemption under the National Bank Act (NBA). The question before the Court is whether...more

Pennsylvania AG Sues Five Companies Involved in Alleged Mortgage Modification Scam

Goodwin on 2/19/2021

On July 26, 2018, the Attorney General for the Commonwealth of Pennsylvania announced a lawsuit against five Pennsylvania mortgage foreclosure companies and two company owners for cheating consumers into signing contracts to...more

All Consuming - Financial Litigation Insights: Issue 6, September 2020

Spilman Thomas & Battle, PLLC on 9/24/2020

Morrisey, Other AGs Reach $330 Million Agreement with Student Loan Company - "West Virginia Attorney General Patrick Morrisey and 47 other attorneys general have reached a $330 million, multistate agreement with a student...more

Massachusetts AG Obtains $4 Million in Settlement Over Subprime Mortgage Modifications

Goodwin on 1/2/2019

On December 21, 2018, the Massachusetts Attorney General’s Office (“Mass. AG”) announced that it had reached a settlement with a national mortgage servicer, resolving allegations that the company mishandled mortgage loans in...more

Pennsylvania Attorney General solicits redlining complaints from consumers

Ballard Spahr LLP on 11/1/2018

As part of an investigation launched earlier this year into allegations of redlining in the Philadelphia area, the Pennsylvania Attorney General Josh Shapiro recently called on mortgage borrowers and home loan applicants in...more

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