loanDepot News

Couple Alleging Racial Bias in Home Appraisal Settles With Lender

A Black couple who claimed mortgage lender loanDepot denied a refinancing of their mortgage because it relied upon a racially biased, considerably low appraisal of their Baltimore home have agreed to a legal settlement in which the lender vows to …

Retail Mortgage Lender loanDepot Struggles With Cyberattack

The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the …

Couple’s Lawsuit Claims Black and White Bias in Home Appraisals

How much does it pay to hide the photos of your family at your home, or anything else that shows your race? If you’re Black and trying to find out how much your house is worth, one family suggests it …