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.
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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.
New York AG Letitia James indicted on mortgage fraud charge
An anonymous source says James was indicted in the Eastern District of Virginia on one count after a mortgage fraud investigation.
Why the FTC is targeting Zillow and Redfin’s rental deal
The government alleges the deal unlawfully transferred assets and eliminated competition, with claims spanning multiple antitrust statutes.
CrossCountry seeks dismissal in kickback suit
CrossCountry requests dismissal of a lawsuit alleging illegal kickbacks with Raleigh Realty, citing statute limitations and lack of injury.
MLS PIN, Nosalek settlement finally gains final approval
With the approval of MLS PIN’s settlement, all settlements in the Nosalek commission suit now have final approval.
loanDepot challenges class-action suit tied to LO comp rules, steering
loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.”