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Lawsuit

Memo reportedly undercuts mortgage fraud allegations against Letitia James

Department of Justice, Donald Trump, HWmember, Lawsuit, Legal, Mortgage, Mortgage Fraud, New York /

Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources. According to a September memo summarizing the findings, any financial benefit James may have received would have been minimal — roughly $800 […]

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REcore dismisses breach of contract suit against CoStar, Homes.com

California Regional MLS, CoStar Group, Homes.com, HWmember, Lawsuit, Legal, MLS/Associations, Real Estate /

Just two days after filing a breach of contract suit against CoStar and Homes.com, REcore Solutions has dismissed its claims with prejudice. This means that it cannot file a lawsuit against the same defendants with the same claims. California Regional MLS (CRMLS), which receives licensing services from REcore, informed members on Thursday that the suit

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Unison settles lawsuit after HEI product ruled to be reverse mortgage

Colorado, Home Equity, Hometap, Lawsuit, Legal, Massachusetts, Reverse, Reverse Mortgage Daily, Unison, Washington /

A legal battle over the validity of home equity investments (HEIs) and whether they should be classified as reverse mortgages has come to an end in Washington state. Unison, one of the nation’s leading providers of HEI products, settled the case with plaintiffs Charles and Janine Olson, according to court documents reviewed by HousingWire’s Reverse

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Phoenix Suns ownership dispute involving UWM’s Ishbia resolved in court

HWmember, Lawsuit, Legal, Mat Ishbia, Mortgage, United Wholesale Mortgage /

The legal dispute over ownership and transparency of the NBA‘s Phoenix Suns has apparently come to an end as the parties have executed a stipulation of dismissal in the Delaware Court of Chancery, formally ending the lawsuit without a judge deciding the merits. The filing, submitted Friday, stipulates that both parties will cover their own

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Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads

California, Griffin Funding, HWmember, Lawsuit, Legal, LendingLife, loanDepot, Mortgage, Mortgage Broker /

loanDepot wasn’t the first mortgage lender to accuse West Capital Lending (WCL) of engaging in unlawful business practices — allegations that have drawn renewed attention to the tensions between retail mortgage lenders and brokerages in California. The cases spotlight the transfer of leads and borrowers when loan officers move between companies, raising questions about the

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Homebuyers sue D.R. Horton for alleged deceptive lending

D. R. Horton, Florida, Homebuilders, HWmember, Lawsuit, Legal, Mortgage, Property Tax, Real Estate /

A group of homebuyers has filed a class action lawsuit against D.R. Horton, the nation’s largest homebuilding company, and its mortgage lending subsidiary, DHI Mortgage Co., alleging that the companies engaged in deceptive home-selling and mortgage practices that left buyers with unexpectedly high monthly payments. The lawsuit — filed Oct. 1 in the U.S. District

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CrossCountry seeks dismissal in kickback suit

CrossCountry Mortgage, HWmember, Lawsuit, Legal, Mortgage, Real Estate Settlement Procedures Act /

CrossCountry Mortgage has asked a federal judge to dismiss a lawsuit alleging the lender engaged in an illegal kickback arrangement with a Raleigh real estate firm. Homebuyer Jeremiah VonBlohn, who filed suit at the end of July, claims his agent at Raleigh Realty directed him to CrossCountry in 2022 under a co-marketing agreement that gave

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loanDepot challenges class-action suit tied to LO comp rules, steering

HWmember, Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Maryland, Mortgage /

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated,

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Katie Sweeney, AIME lawsuit escalates as broker group files counterclaims

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Katie Sweeney, the former top dog at the Association of Independent Mortgage Experts (AIME) and the current executive vice president of strategy and broker advocacy at Rocket Pro, is denying claims by AIME that she misrepresented her role, concealed conflicts and awarded herself payments she wasn’t entitled to. Sweeney is suing the trade group for

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Zillow faces class-action suit over Premier Agent, Flex commissions

Commission Lawsuit, Lawsuit, Legal, MLS/Associations, Real Estate, Regulatory Compliance, Zillow, Zillow Premier Agent /

Zillow is facing yet another lawsuit. Filed on Friday in U.S. District Court in Seattle, the lawsuit alleges that the portal tricks consumers into using agents affiliated with Zillow through its Flex and Premier Agent programs, resulting in inflated home purchase prices.  The suit was filed by Alucard Taylor, who purchased a home in Portland, Oregon,

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