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.
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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.”
Katie Sweeney, AIME lawsuit escalates as broker group files counterclaims
Katie Sweeney lawsuit against AIME seeks $280,000 in unpaid compensation while the mortgage broker association counters with allegations of misconduct.
Zillow faces class-action suit over Premier Agent, Flex commissions
Filed on Friday in U.S. District Court in Seattle, the lawsuit alleges that the portal tricks consumers into using agents affiliated with Zillow through its Flex and Premier Agent programs, resulting in inflated home purchase prices.
Compass taps former NAR settlement attorney Ethan Glass as chief legal officer
Glass represented the National Association of Realtors in the Sitzer-Burnett lawsuit, and Compass in its lawsuit against Northwest MLS.
Zillow removes photos at center of CoStar suit from site
A Zillow spokesperson confirmed that the company is only removing photos related to CoStar’s copyright infringement lawsuit.