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Memo reportedly undercuts mortgage fraud allegations against Letitia James

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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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Are you ready for it? Realtor.com hit with Taylor Swift copyright claim

HWmember, Legal, MLS/Associations, Move, National Association of Realtors, News Corp., Real Estate, Realtor.com /

What do Realtor.com, CoStar, Zillow, and Taylor Swift have in common? One might think it would be something to do with multimillion dollar properties, but in fact it is copyright lawsuits.  On Monday, photographer Brynn Burns, who was responsible for a portfolio of photos of the estate where Travis Kelce proposed to Taylor Swift, filed

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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

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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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Suspected $100M real estate fraud scheme uncovered in Baltimore

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A suspected real estate fraud ring involving New York-based investors has triggered a wave of foreclosures across Baltimore, according to a local report. A months-long investigation by The Baltimore Banner uncovered the scheme, which allegedly involved EGBE Ventures and related companies tied to investors Eluzer Gold and Benjamin Eidlisz. The group reportedly purchased more than

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Realtor associations, MLSs push back on steering allegations

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The slew of defendants in the Zea antitrust lawsuit filed against the National Association of Realtors (NAR) have been busy rejecting the lawsuit’s claims. On Wednesday, the defendants filed motions to dismiss the lawsuit, as well as a response in opposition to plaintiff Jorge A. Zea’s motion for preliminary injunction.  Filed in August in the

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Homebuyers sue D.R. Horton for alleged deceptive lending

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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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New York AG Letitia James indicted on mortgage fraud charge

Associated Press, Bill Pulte, Department of Justice, Donald Trump, HWmember, Legal, Mortgage, Mortgage Fraud, Politics /

A federal grand jury indicted Letitia James, the New York attorney general, for bank fraud on Thursday, a person familiar with the matter told The Associated Press. The source, who spoke on the condition of anonymity because they were not authorized to publicly discuss the matter, told the outlet that James was indicted in the

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