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Lawsuit

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Longbridge wins partial preliminary injunction against Mutual of Omaha

May 15, 2025 by bp56691
A judge has weighed in on the dispute between two of the largest reverse mortgage lenders, ruling that some claims warranted relief.
Categories HECM, HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse

Appraisal Institute executive accused of harassment withdraws from public appearances

May 13, 2025 by bp56691
The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a low profile.
Categories Appraisals, Appraisals and Valuations, HWmember, Lawsuit

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

May 13, 2025 by bp56691
The suit between Texas Capital Bank and Ginnie Mae has been revived after the bank filed an appeal this week with the Fifth Circuit.
Categories FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

Redfin stockholder files suit over disclosures in Rocket deal

May 12, 2025 by bp56691
Redfin shareholders are set to vote on Rocket’s acquisition of the firm next month, but one stockholder has issues with the disclosures.
Categories Glenn Kelman, Goldman Sachs, HWmember, Lawsuit, Legal, Mergers and Acquisitions, Mortgage, Real Estate, Redfin, Rocket Companies

Deadline looms in Minnesota property tax forfeiture lawsuit

May 9, 2025 by bp56691
As many as 15,000 people may qualify for payment if they lost a home, business or other property due to tax forfeiture between 2012 and 2023
Categories Affordability, HWmember, Lawsuit, Legal, Minneapolis, Minnesota, Property Tax, Real Estate, Supreme Court

Compass has sued an MLS. History could shed light on its antitrust claims

April 30, 2025 by bp56691
A brokerage and eventually the FTC sued Realcomp in the mid-2000s over a listing policy, an echo of Compass’s suit against NWMLS.
Categories Clear Cooperation, Compass, HWmember, Lawsuit, Legal, MLS, national association of realtors, northwest mls, Real Estate, Robert Reffkin

UWM faces class-action lawsuit over alleged misuse of 401(k) plan assets

April 30, 2025 by bp56691
Filed Monday in a Michigan district court, the lawsuit accuses UWM of violating the Employee Retirement Income Security Act (ERISA).
Categories Lawsuit, Legal, Legal & General Home Finance, LendingLife, Mortgage, Origination, Retirement, United Wholesale Mortgage

‘Are you kidding me?’ Real estate industry reacts to Compass-NWMLS lawsuit

April 28, 2025 by bp56691
Supporters, detractors and antitrust law experts voiced their opinions on Compass’s suit against Northwest MLS.
Categories Brokerage, Clear Cooperation, Compass, HWmember, Lawsuit, Legal, MLS, northwest mls, Real Estate, Robert Reffkin

New Jersey AG hits RealPage and 10 landlords with antitrust suit

April 23, 2025 by bp56691
RealPage was hit with yet another antitrust lawsuit this week, this time from New Jersey Attorney General Matt Platkin.
Categories HWmember, Lawsuit, Legal, Multifamily, New Jersey, Real Estate, RealPage

Washington Legislature requests study of home equity investment products

April 21, 2025 by bp56691
The Washington Legislature wants to know more about home equity investments and has commissioned a formal academic study.
Categories Home Equity, HWmember, Lawsuit, Legislation, Mortgage, Reverse, Washington
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