article thumbnail

Fathom is the latest brokerage to settle the commission lawsuits

Housing Wire

Our unwavering commitment to providing excellent service to our agents, clients, and customers remains steadfast,” Marco Fregenal , the CEO of Fathom Holdings, said in a statement. “We In settling the commission lawsuits, Fathom joins NextHome , The Keyes Co.

Brokerage 447
article thumbnail

United Real Estate settles the commission lawsuits

Housing Wire

The company said in a statement that the settlement was the “best course of action as it will save United Real Estate significant legal fees and allow the company to move forward.” The brokerage said it has also agreed to adhere to certain business practice changes, which are not being disclosed at this time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mr. Cooper, ACI to settle lawsuit over unauthorized mortgage payments

Housing Wire

These customers paid overdraft/insufficient funds fees or faced temporary account freezes. In addition, it faced legal fees due to 10 class-action lawsuits and at least two individual lawsuits. Mr. Cooper alleges that the incident made media headlines nationwide, damaging its reputation. ACI did not admit any wrongdoing.

article thumbnail

Side seeks more than $4 million from Alexander brothers, Official Partners

Housing Wire

The balance request includes additional damages for legal fees and a jury trial. Tal and Oren Alexander were superstars among real estate agents in New York City and Miami, having represented ultra wealthy clients at Douglas Eliman before leaving to found Official in 2022. million promissory note Side extended in April.

article thumbnail

Liberty Reverse Mortgage hit with class-action suit alleging violation of California labor laws

Housing Wire

This includes compensation for meal and rest periods that were allegedly unfulfilled, as well as expenses incurred by the class for their job duties and any legal fees that may arise from the case.

Law 447
article thumbnail

Side files preliminary injunction against Alexander brothers in wake of arrests

Housing Wire

The company argues that the charges could incentivize the brothers to use the collateral to cover the steep costs of the legal fees to fight the charges, as well as the potential financial costs related to posting bail. They represented ultrawealthy and celebrity clients.

article thumbnail

Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

Housing Wire

In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits. Some customers faced overdrafts and/or insufficient funds fees on their bank accounts, while other customers’ depository institutions placed temporary account freezes. .” In total, ACI initiated around 1.4

Mortgage 434