Housing Wire

SEPTEMBER 3, 2024

Cooper filed the lawsuit against ACI Payments in September 2023 , alleging breach of contract, misappropriation of confidential information and ordinary negligence, among other accusations. According to Mr. Cooper, ACI used nonpublic information from its customers to conduct tests in April 2021.

Legal Fees 448

Legal Fees Mortgage Legal Contracts 448

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

Mortgage 367

Mortgage Contracts Legal Business 367

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. 30, 2021, Richards resigned from her position at loanDepot. loanDepot filed the lawsuit on Oct.

Contracts 435

Contracts Legal Retail Training 435

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. That’s not the Orange County, California-based lender’s only poaching legal battle.

Retail 448

Retail Contracts Legal Business 448

Housing Wire

DECEMBER 21, 2022

A representative for CrossCountry told HousingWire, “As a matter of practice, we do not comment on legal matters.” . Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”.

Legal 435

Legal Loan Officers Contracts Business 435

Housing Wire

SEPTEMBER 26, 2023

Mr. Cooper says that on or about April 23, 2021, ACI and/or its agents sent instructions to depository institutions of its customers that initiated ACH [automatic clearing house] debits for multiple monthly mortgage payments without the servicer’s knowledge or authorization. district court in Texas on Sept. million ACH withdrawals.

Mortgage 434

Mortgage Legal Fees Legal Contracts 434

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. Gifoli served as a loan officer from May 2021 to October 2021. He declined to comment on the lawsuit.

Loan Officers 435

Loan Officers Real Estate Legal Lending 435

Housing Wire

FEBRUARY 9, 2024

Florida-based Okavage Group sued UWM in April 2021, following the lender’s announcement of an ultimatum that the wholesale lender will no longer partner with brokers who also work with Rocket Mortgage or Fairway Independent Mortgage Corp. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 448

Contracts Retail Lending Mortgage 448

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Mortgage 418

Mortgage Landlords Loan Officers Legal 418

Housing Wire

MARCH 11, 2022

According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

Real Estate 370

Real Estate Realty Real Estate Agent Contracts 370

Housing Wire

JANUARY 3, 2024

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. million and liquidated damages for the company’s breach of contract. In total, he asks for about $13 million.

Contracts 448

Contracts Legal Mortgage 448

Housing Wire

JULY 19, 2022

The lawsuit, filed in federal court in New York last week, alleges that since February 2022 “CrossCountry improperly poached no fewer than 32 loanDepot employees from loanDepot branches in Manhattan, Brooklyn and Fishkill, New York by interfering with loanDepot’s contractual and other legal rights.” billion in business.

Loan Officers 397

Loan Officers Contracts Legal Business 397

Housing Wire

FEBRUARY 5, 2024

Seely joined Guild in 2021 when the California-based lender paid $196.7 Following the M&A transaction , Seely signed a five-year employment agreement with Guild in May 2021. 10, Guild sent a written notice of the employment agreement, saying he failed to cure the breaches and because of that, the company terminated his contract.

Retail 448

Retail Contracts Loan Officers Mortgage 448

Housing Wire

JUNE 6, 2023

UWM launched the “All in” initiative in March 2021, requiring brokers partners to stop sending loans to Rocket and Fairway for review, underwriting, purchase and funding if they were also doing business with UWM. The reality is if a broker breaks the contract and if they have, we will address it, and we will win,” he said in a statement.

Brokerage 370

Brokerage Contracts Legal Business 370

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. Another source, mortgage tech platform Modex , which collects data from public records nationwide, shows she originated over $95 million in 2020, $93 million in 2021 and $50 million in 2022.

Loan Officers 476

Loan Officers Human Resources Contracts Mortgage 476

Housing Wire

OCTOBER 30, 2024

The fintech was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract. The request was pending, but the license was suspended in July.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave filed the lawsuit Monday in the U.S. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave.

Mortgage 397

Mortgage Legal Lending Investors 397

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

JUNE 17, 2024

The mortgage lender, which grew to 9,708 employees at its peak in 2021, shrank to 3,871 workers as of April due to a declining origination market. Among all of its companies, excluding contractors, the total declined from 14,264 in 2021 to 5,756 as of May. Some sources said they were afraid of legal pushback.

Human Resources 457

Human Resources Law Loan Officers Legal 457

Housing Wire

MAY 11, 2022

Caliber claims its rival hired more than 80 of its employees, among them 40 loan producers, beginning in February 2021. A CrossCountry spokesperson told HousingWire they don’t comment on legal matters. in April 2021 for $1.675 billion from the hedge fund Lonestar Funds, was No.

Technology 397

Technology Investing Legal Mortgage 397

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave filed the lawsuit Monday in the U.S. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave.

Mortgage 370

Mortgage Legal Lending Investors 370

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents.

Law 459

Law Agents Realtors Contracts 459

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing 435

Marketing Investors Mortgage Legal 435

Housing Wire

MAY 10, 2024

million for the first time since May 2021. Additionally, the board also voted to change Article 4’s first standard of practice, which currently reads: “For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by Realtors prior to the signing of any contract.” represent themselves 2.

Realtors 397

Realtors Finance Agents Legal 397

Housing Wire

FEBRUARY 7, 2023

Like its peers, loanDepot is struggling amid a contracting mortgage market. loanDepot’s headcount has nearly halved from 11,300 at year-end 2021 to approximately 6,100 at the end of September 2022. Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37

Real Estate 396

Real Estate Legal Contracts Mortgage 396

Housing Wire

JANUARY 18, 2024

Myers joined Qualia in 2021 through the firm’s acquisition of Resware from Adeptive Software , which closed in December 2020. Qualia is suing both Settlor and Myers for misappropriation of trade secrets, and it is suing Myers for breach of contract, and Settlor for intentional interference with a contract.

Contracts 448

Contracts Government Business Marketing 448

Housing Wire

DECEMBER 21, 2020

Headed into 2021, the American Land Title Association announced the promotion of six of its staff members to new leadership positions. “I This year, he has also been driving ALTA’s internal legal efforts regarding the SECURE Notarization Act while overseeing the Title Insurance Political Action Committee and its regulatory efforts.

Insurance 352

Insurance Government Advertising Legal 352

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 435

Real Estate Insurance Law Real Estate Agent 435

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 418

Buyers Sellers Finance Contracts 418

Cleveland Appraisal Blog

JANUARY 7, 2021

Welcome to 2021! However, what if the car salesman said that the buyer would have to sign a contract stating that they could not resell the second car? In that analysis we must determine if the use of the land is legally permissible, physically possible, financially feasible and most profitable. Excess land or surplus land.

Appraisal 344

Appraisal Inspection Legal Real Estate 344

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 By comparison, we are forecasting total volume of about $2.3

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Miller Samuel

FEBRUARY 24, 2021

It is where the BOD gets to vote on Jim Amorin's new contract that the entire board has not seen. You can't vote on a contract in good conscience, if you haven't seen it or been exposed the the key terms. The next board meeting is coming up tomorrow and Friday, and it is a seminal moment for the Appraisal Institute.

Appraisal 259

Appraisal Design Contracts Real Estate 259

The Robert Weiler Company

NOVEMBER 9, 2021

Whether a contract is needed for commercial land for sale, a commercial building for sale, retail space for sale, rental properties for sale, or any other type of commercial property for sale, Adobe Sign can help execute professional CRE contracts. Monthly or Yearly Subscription to BiggerPockets. Average cost: $32.50/month

Real Estate 147

Real Estate Investors Investing Home Improvement 147

Housing Wire

APRIL 27, 2023

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. KBRA reported last month that FirstKey Homes exercised a so-called “excess collateral release” [ECR] feature for a securitization deal dubbed FirstKey Homes 2021-SFR1.

Renovations 395

Renovations Investing Real Estate Marketing 395

Appraisal Buzz

JUNE 7, 2024

The CFPB has issued “CFPB Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions ,” warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

Contracts 195

Contracts Insurance Legal Business 195