Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit
The bank enlisted a former FOA executive to offer an expert report, but the judge says he needs to know the government’s perspective on it before moving ahead.
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New Jane Doe files sexual assault suit against Alexander brothers
A woman claims she was drugged and raped by Tal and Alon Alexander at their shared residence in the summer of 2010.
DOGE accessed confidential HUD data on housing discrimination, report says
Elon Musk’s Department of Government Efficiency (DOGE) has accessed U.S. Department of Housing and Urban Development (HUD) confidential data related to housing discrimination, according to a report from non-profit investigative journalism outlet ProPublica. ProPublica said its findings are based on information obtained and confirmed through HUD sources.
Texas Capital Bank opposes summary judgment motion in Ginnie Mae suit
TCB says that granting the government a summary judgment in its lawsuit against Ginnie Mae would be based on on an “incorrect” idea.
DOGE to federal employees it instructed to stop working: Show us what you worked on or be fired
After being plagued for years by civil investigative demands and lawsuits from the Department of Justice (DOJ), the real estate industry hoped for looser antitrust enforcement under a second Trump administration. Although enforcement experts were initially skeptical, the latest action taken by the Elon Musk-helmed Department of Government Efficiency may be just what the real […]
Massachusetts AG sues Hometap over ‘illegal reverse mortgage’
Massachusetts’ attorney general alleges that Hometap’s equity investment product is deceptive and constitutes an “illegal” reverse mortgage. Hometap calls the suit “meritless.”
Fair housing nonprofit sues Scott Turner, HUD over ‘DEI’ orders
Three civil rights groups filed a lawsuit against President Trump and his administration over elimination of federal grants perceived as DEI.
Optionality of NAR’s no-commingling rule takes center stage at REX appeal hearing
Originally filed by REX in March 2021, the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”
Crye-Leike wants to be covered by NAR’s settlement, but rankings data says otherwise
The firm believes it should be covered by NAR’s settlement, which protects all real estate brokerages with a sales volume of less than $2 billion in 2022. It claims it is protected under NAR’s settlement because only Crye-Leike Inc. — which the company said did $1.75 billion in sales volume in 2022 — is named as a defendant in the Gibson suit.
Longbridge, Mutual of Omaha granted delay in reverse mortgage marketing lawsuit
The lawsuit and countersuit alleging deceptive reverse mortgage marketing practices has seen key deadlines pushed to the end of March and mid-April, respectively.