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.”
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.
The lawsuit and countersuit alleging deceptive reverse mortgage marketing practices has seen key deadlines pushed to the end of March and mid-April, respectively.
Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure.
A federal judge dismissed Angelica Parker’s suit against the Alexanders — including Oren’s twin brother Alon — on the grounds that the case was not filed within the time frame set by a New York state law that allows sexual assault survivors to sue their alleged attackers no matter how far back the incident occurred.
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.