Housing Wire

MARCH 19, 2024

Following UWM’s 2021 announcement of an “All-In ” initiative — which prohibits UWM broker partners from sending loans to direct competitors Rocket Mortgage and Fairway Independent Mortgage — Atlantic Trust agreed to the “All-In” addendum, according to a complaint filed in January by UWM in a U.S. district court in Michigan.

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Mortgage Law Brokerage Legal 439

Housing Wire

OCTOBER 31, 2022

In 2021, the company’s pro-forma earnings totaled $16.5 In 2021, the New Mexico and Mexico facilities produced around 1,600 homes. In October 2021, Cavco announced acquiring The Commodore Corporation, a modular housing manufacturer operating in the U.S., Hartzog Conger Cason was Solitaire Homes’ legal advisor.

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Retail Transportation Legal Sellers 397

Housing Wire

JANUARY 24, 2025

However, a 2021 Supreme Court decision, TransUnion LLC v. The 2021 decision determined that only plaintiffs who can show concrete harm have standing to sue private defendants in federal court. Rocket Mortgage has faced other legal activity over the last year. The latest ruling from the U.S

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Mortgage Legal Appraisal Valuation 369

Housing Wire

APRIL 20, 2022

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. As of July 2021, HUD and the USDA had approved at least 100 more eligible tribal entities than the VA program.

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Government Lending Development Legal 542

Housing Wire

APRIL 15, 2024

In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

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Brokerage Legal Agents Real Estate 465

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In a verdict announced late Friday afternoon, a jury in a U.S. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business.

Advertising 448

Advertising Brokerage Real Estate Legal 448

Housing Wire

MAY 10, 2023

Wachtell, Lipton, Rosen & Katz and Simpson Thacher & Bartlett LLP were the legal advisors to Mr. Cooper in the transaction. Meanwhile, Kirkland & Ellis was the legal advisor and Houlihan Lokey the financial advisor to Home Point. decline compared to 2021. billion in 2022, a 71.6%

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Housing Wire

JANUARY 6, 2022

In November 2021, Ginnie Mae announced that it was formally approving the use of eSign and RON on loan modifications, which has made RON capabilities a priority for Ginnie Mae servicers that want to ensure eSignature technology is available on loan modifications requiring county-level recording.

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Technology Legal Tools Real Estate 459

Housing Wire

APRIL 24, 2023

The case began in March 2021, when UWM CEO Mat Ishbia announced the lender would not work with brokers who also did business with Rocket Mortgage or Fairway Independent Mortgage. AML’s claims, according to the lender, rest on a “legally unsustainable premise” that there is a separate wholesale mortgage lending market.

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Housing Wire

FEBRUARY 4, 2021

The deal is expected to close in the second quarter of 2021 subject to shareholder approval, regulatory approvals and other customary closing conditions. Evercore is serving as financial advisor to CoreLogic and Skadden, Arps, Slate, Meagher & Flom is serving as the company’s legal advisor.

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Appraisal Buzz

JULY 12, 2024

Department of Housing & Urban Development (HUD) made $40 million in grant funds available to eligible non-profit or governmental entities to provide no cost legal assistance to low-income tenants at risk of or subject to eviction from their homes. Each year 7.6 million tenants face the threat of eviction.

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Tenants Landlords Legal Finance 435

Housing Wire

JANUARY 9, 2025

RLTY Legal gives users access to LegalZoom for setting up a business. RLTYco was founded in 2021 by Related Companies veteran Briggs Elwell and Daniel Kennedy, managing partner of Kennedy Luce LLC, a law firm in Connecticut. .” RLTYco provides four primary services. RLTY Tax provides a network of CPAs.

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Logistics Real Estate Agent Real Estate Investors 396

Housing Wire

FEBRUARY 15, 2024

The legal battle follows the creation of a Facebook group called “Rocket Pro TPO vs UWM,” which UWM says Walker founded on Oct. In 2021, the company imposed a controversial ultimatum , engaging in legal battles with its broker partners that sell loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp.

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Mortgage Legal Advertising Loan Officers 415

Housing Wire

FEBRUARY 28, 2024

The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. 2021 to a buyer represented by a Redfin agent. The National Association of Realtors is facing yet another copycat commission lawsuit. Filed on Tuesday in U.S. Freedlund sold her Laguna Nigel home in late Sept.

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Realtors Legal Agents Real Estate 459

Housing Wire

JANUARY 3, 2024

Since going public in April 2021, Compass has yet to turn a profit, however, it did manage to achieve its goal of becoming free cash flow positive by the second quarter of 2023. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing. In Q3 2023 , Anywhere reported $1.6

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Housing Wire

SEPTEMBER 3, 2024

According to Mr. Cooper, ACI used nonpublic information from its customers to conduct tests in April 2021. In addition, it faced legal fees due to 10 class-action lawsuits and at least two individual lawsuits. These customers paid overdraft/insufficient funds fees or faced temporary account freezes.

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Legal Fees Mortgage Legal Contracts 447

Housing Wire

MARCH 14, 2024

After his arrest by the FBI in 2019 and a protracted trial process, the jury hearing the case determined in April 2021 that Hild participated in an effort to fraudulently inflate the value of the company’s bonds by approximately $200 million in order to allow it to borrow more money. This is according to court documents reviewed by RMD.

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Government Legal Mortgage 447

Housing Wire

AUGUST 31, 2022

compared to the same period in 2021. . The transaction was first announced in June 2021. Cornerstone Home Lending had Otteson Shapiro LLP as legal advisor and Scott Almy as a business advisor. was the financial advisor and Holland & Knight LLP the legal counsel. It funded $5.1

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Lending Retail Legal Loan Officers 369

Housing Wire

JULY 19, 2024

Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , Gibson Dunn was the legal adviser for AscentDS and WilmerHale was the adviser for Elliott. now known as Rithm Capital. Global financial services company Nomura also assisted AscentDS in the transaction.

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Construction Development Finance Lending 459

Housing Wire

APRIL 21, 2022

Notwithstanding all of the guidance, we still hear concerns of legality from lenders,” Perry said. “So In December 2021, HUD Sec. So I say keep the guidance coming, because we are building it and we hope the lending community will come.”.

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Lending Legal Law Development 435

Housing Wire

JULY 29, 2024

According to loanDepot, Movement’s actions in late 2021 and early 2022 resulted in “effectively crippling” several “now-depleted” branches. For example, loanDepot has an ongoing dispute with CrossCountry Mortgage in New York, while Movement has a legal battle with Summit Funding.

Mortgage 439

Mortgage Loan Officers Legal Finance 439

Housing Wire

FEBRUARY 13, 2023

Darren Heitner, JIM’s attorney and founder at Heitner Legal , P.L.L.C, Both sides in the dispute admit that the sponsorship was signed in November 2021 and that EPM made the required monthly payments of $187,500 from December 2021 through September 2022. They founded JIM in 2021 to compete in the Nascar Xfinity Series.

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Contracts Legal Lending Loan Officers 384

Housing Wire

OCTOBER 3, 2024

What began as a legal battle between two companies that previously worked together on a Keller Williams technology platform has recently expanded to include industry veteran Josh Team. Team left Keller Williams in 2021 after serving as its president for roughly two years. Team’s lawyers have denied these allegations in court filings.

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Contracts Legal Technology Real Estate 433

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 432

Mortgage Legal Fees Legal Contracts 432

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.

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Loan Officers Real Estate Legal Lending 435

Housing Wire

DECEMBER 21, 2022

A representative for CrossCountry told HousingWire, “As a matter of practice, we do not comment on legal matters.” . In October 2021, Guild Mortgage sued CrossCountry for allegedly engaging in similar practices. loanDepot celebrated that the court’s ruling underscores the likelihood of success of the claim. “In billion in business.

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Legal Loan Officers Contracts Business 435

Housing Wire

SEPTEMBER 28, 2023

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, REX) on that issue.

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Advertising Legal Law Real Estate 435

Housing Wire

JULY 28, 2021

Those organizations include the NAACP Legal Defense Fund, the National Alliance to End Homelessness, the National Urban League, the Asian Pacific Fund, the National Bankers Association, the Asian American Legal Defense & Education Fund, and the Indian Red Cross. The stock price hit a closing low of $17.26 on July 27.

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Legal Lending Development Design 435

Housing Wire

MARCH 4, 2025

Passed in 2021, the CTA aims to combat financial crimes such as tax fraud, money laundering and terrorist financing by requiring certain businesses to file a BOI report with FinCEN. ALTA added that the Treasury announcement is likely to face legal challenges. This rule, which goes into effect Dec.

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Business Legal Insurance Real Estate 333

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. These algorithms are black boxes behind brick walls,” Chopra said during a press conference in 2021.

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Valuation Law Legal Government 448

Housing Wire

MARCH 22, 2023

million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Since launching their app in June 2021, Quo’s users have amassed over $1.5 Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo. Quo raised $7.2

Finance 396

Finance Real Estate Agent Loan Officers Legal 396

Inman

MAY 22, 2023

Julie de Pontbriand of EasyKnock and Nikolai Fraiture of The Strokes have been engaged in a legal battle over a coveted greenspace behind their adjacent properties since 2021.

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Legal Finance Mortgage 147

Housing Wire

JUNE 2, 2022

CrossCountry Mortgage is suing Guild Mortgage for poaching a former Las Vegas branch manager and allegedly convincing her to steal proprietary information, the latest escalation in a brewing legal battle between the retail mortgage lenders. In October 2021, Guild Mortgage sued CrossCountry for allegedly engaging in similar practices.

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Loan Officers Retail Clients Legal 418

Housing Wire

NOVEMBER 2, 2023

The move is part of a legal battle that started in September 2021 when Richards filed a lawsuit alleging the lender closed thousands of loans without proper documentation to boost its performance ahead of its initial public offering (IPO) on the New York Stock Exchange. 30, 2021, Richards resigned from her position at loanDepot.

Contracts 434

Contracts Legal Retail Training 434

Housing Wire

APRIL 14, 2021

After the company took a short freeze on its non-QM lending this time last year, Sprout has unveiled a series of new products for it non-QM program , resumed correspondent lending and is now shaking up its executive suite in 2021. In her new role, LaRaia will oversee all legal and regulatory compliance functions.

Mortgage 357

Mortgage Lending Legal Modernization 357

Housing Wire

MAY 29, 2024

Kind Lending, a California-based lender founded by industry veteran Glenn Stearns, is a client of LendArch , a mortgage consulting firm that Richards founded in 2021. But Richards left loanDepot in 2021. That legal battle is still ongoing. In 2018, she transitioned to loanDepot as COO.

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Lending Loan Officers Retail Legal 404

Housing Wire

NOVEMBER 17, 2021

2021 RealTrends Team Profitability Study. Teams of all sizes have average gross margins more than double the average of brokerage firms when compared to data from the 2021 RealTrends 500 top brokerage firms and RTC Consulting benchmarking data. In the 2021 RealTrends Team Profitability Study , we answer that question.

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Real Estate Brokerage Agents Advertising 397