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Rocket Mortgage wins $10 million dismissal in 2012 lawsuit

Housing Wire

A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans ) and its insurance arm, Amrock (formerly Title Source ), were unfairly influencing home appraisal values. Rocket Mortgage has faced other legal activity over the last year.

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Waterstone Mortgage Appoints Stephanie Ziebell as Chief Legal Officer

Appraisal Buzz

Stephanie Ziebell has been promoted to chief legal officer at national mortgage lender Waterstone Mortgage Corp. Ziebell joined Waterstone Mortgage as assistant general counsel in October 2012, shortly after graduating from law school. I am truly honored to take on the role of chief legal officer at Waterstone Mortgage, she says.

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Former Keller Williams agents continue their legal actions 

Housing Wire

He was also a regional director for Michigan and northern Ohio from 2006 to 2012, when he oversaw up to 30 KW market centers. On Thursday, Louis Ronayne and Deborah Ronayne filed a complaint aiming for class-action status in the U.S. Meanwhile, Deborah Ronayne was an agent with Keller Williams from roughly November 2002 to September 2014.

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Side files restraining order against Alexander brothers for allegedly moving loan collateral

Housing Wire

The complaint states that Official Partners and the brothers agreed to pay the principal sum and interest on the loan, and that Side should be paid additional damages related to legal fees and a jury trial. The incident allegedly occurred in 2012. The defendants couldn’t be immediately reached for comment.

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NFM Lending Promotes New EVP and Chief Legal Officer

Appraisal Buzz

NFM Lending EVP and Chief Legal Officer LaTasha Waddy NFM Lending and its family of lenders has announced the promotion of LaTasha Waddy to EVP and Chief Legal Officer. Waddy has been integral to the NFM Lending team since 2012, previously serving as General Counsel and Chief Compliance Officer.

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The VA’s little-known program for Native American veterans

Housing Wire

from 2012 to 2021. The GAO’s report said that from 2012 to 2021, 91 loans were originated in Hawaii using the program. In the entire country, 180 loan originations resulted from the program from 2012 to 2021. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists.

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Supreme Court hears arguments on FHFA structure

Housing Wire

The case has the potential to be the most profound legal decision to affect the mortgage market in over a decade. The agreement was amended in 2012 , requiring Fannie and Freddie to pay dividends pegged to the companies’ net worth (as opposed to the size of the Treasury Department’s investment). home loans.