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Real Estate Settlement Procedures Act

Veterans United seeks dismissal of amended RESPA class-action complaint

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Veterans United Home Loans and its real estate brokerage affiliate are pushing back against an amended class-action lawsuit that accuses the companies of operating an illegal kickback scheme by misleading consumers about government affiliation and using “bait-and-switch” practices.  In a motion to dismiss that was filed Tuesday, the companies characterized the expanded lawsuit as a […]

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Amended lawsuit against Veterans United cites bait-and-switch tactics

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Plaintiffs filed an amended complaint against Veterans United Home Loans, owned by Mortgage Research Center, adding claims of “bait-and-switch” and misleading advertising tactics, according to court filings reviewed by HousingWire.  The original complaint filed in February alleges the lender misled homebuyers into believing it is connected to the U.S. Department of Veterans Affairs (VA), while

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Rocket moves to dismiss RESPA suit, citing safe harbor and lack of injury

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Detroit-based Rocket Companies this week moved to dismiss a lawsuit alleging violations of the Real Estate Settlement Procedures Act (RESPA), arguing that plaintiffs failed to demonstrate injury, relied on claims beyond the one-year statute of limitations and did not sufficiently plead unjust enrichment. The class-action suit, filed in late January, alleges that homebuyers who began

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Mortgage M&A wave creates more mega-lenders

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Terry Schmidt believes she surprised the mortgage industry. Schmidt, the director and CEO of Guild Mortgage Co., was referring to the June 2025 announcement that the company would be acquired by Bayview Asset Management. The transaction officially closed in November. “Many found that this was very surprising because we’ve been independent for so long,” Schmidt

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CrossCountry seeks dismissal in kickback suit

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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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Legal experts say RESPA suit against Zillow is ‘going nowhere fast’

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Zillow’s legal workload became even heavier on Friday when homebuyer Alucard Taylor filed a class action lawsuit against the real estate behemoth over its Premier Agent and Flex programs.  The lawsuit, which was filed in U.S. District Court in Seattle, alleges both the Washington Consumer Protection Act and the Real Estate Settlement Procedures Act (RESPA)

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CFPB seeks rescission of pandemic-era mortgage servicing rule

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The Consumer Financial Protection Bureau (CFPB), under the leadership of acting director Russell Vought, is continuing to assess regulations it deems outdated or unnecessary. To that end, the bureau published a notice in the Federal Register this week that seeks to rescind a 2021 rule which “temporarily permitted mortgage servicers to offer certain loan modifications

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