Optimal Blue comes out swinging on price-fixing lawsuit
Optimal Blue CEO Joe Tyrrell responds to a class action lawsuit alleging mortgage price-fixing, calling the claims baseless and absurd.
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Memo reportedly undercuts mortgage fraud allegations against Letitia James
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.
REcore dismisses breach of contract suit against CoStar, Homes.com
Less than 48 hours after filing its breach of contract suit, REcore has dismissed its claims against CoStar and Homes.com with prejudice.
Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads
New lawsuit reignites debate over lead ownership and data transfers as loan officers move between lenders and brokerages.
Phoenix Suns ownership dispute involving UWM’s Ishbia resolved in court
The Phoenix Suns ownership dispute involving UWM CEO Mat Ishbia ends with a dismissal, as the parties agreed to cover their own legal fees.
loanDepot claims West Capital Lending used illegal playbook to become a top brokerage
loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits.
CrossCountry seeks dismissal in kickback suit
CrossCountry requests dismissal of a lawsuit alleging illegal kickbacks with Raleigh Realty, citing statute limitations and lack of injury.
loanDepot challenges class-action suit tied to LO comp rules, steering
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.”
Katie Sweeney, AIME lawsuit escalates as broker group files counterclaims
Katie Sweeney lawsuit against AIME seeks $280,000 in unpaid compensation while the mortgage broker association counters with allegations of misconduct.
Zillow faces class-action suit over Premier Agent, Flex commissions
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.