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.”
Legal
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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.
Judge grants delay in TCB suit against Ginnie Mae as government seeks summary judgment
The government seeks summary judgment, saying that a prior ruling from the presiding judge is ‘fatal’ to TCB’s remaining claims.
Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?
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.
MLS PIN preliminary settlement approval hearing set for April
After 16 months of back and forth, Judge Patti B. Saris has made it clear that she is ready to move on from the Nosalek commission lawsuit.
Judge dismisses sexual assault case against Alexander brothers on technicality
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.
Nosalek plaintiffs seek preliminary approval of MLS PIN settlement
After 16 months of back and forth, the MLS PIN plaintiffs claim the DOJ will not provide any information on desired amendments.