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.
Legal
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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.
Are Zillow Flex agents required to send buyers to Zillow Home Loans?
In a The Capitol Forum story, Zillow Flex agents claim that they must send buyers to ZHL in order to continue receiving leads.
REcore sues CoStar and Homes.com over alleged breach of contract
REcore claims CoStar has not paid the full amount it owes for its IDX feed due to its monetization of MLS data.
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.
Buyer agency agreements test limits of real estate agent-buyer trust
With more agents claiming clients are cutting them out of deals, industry leaders warn that lawsuits could harm reputations.
Suspected $100M real estate fraud scheme uncovered in Baltimore
Investors are accused of taking out $100 million in DSCR loans from dozens of private lenders — using projected rental income as collateral.