Northwest MLS filed federal counterclaims accusing Compass’ pocket listing strategy of violating Washington consumer law and harming buyers and sellers.
West Capital Lending has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act.
Unison, one of the nation’s leading providers of home equity investments, is facing a lawsuit from the National Association of Consumer Advocates, which alleges the company deceptively markets its product as a “no-debt” home equity alternative.
The class-action lawsuit filed this week against Rocket Companies and its subsidiaries has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models.
Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage’s terms are disadvantageous to the clients.”