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FirstFunding sues Sprout for breaching of contract

Housing Wire

On August 5, about one month after Sprout shutting down, the parties executed a new agreement saying FirstFunding “is permitted to immediately exercise all of its rights,” including FirstFunding receiving mortgage loan proceeds directly from Sprout or any borrower, according to documents attached to the lawsuit.

Contracts 376
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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 363
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The best real estate transaction management software for 2025

Housing Wire

per month per user Contract required: Month-to-month Integrations: Popular CRM platforms, lead generation platforms, accounting software Dotloop is perfect for bringing agents, clients, and support teams together on every transaction. Best for team collaboration: Dotloop Pricing: Starting at $31.99

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Fannie Mae Selling Guide update prohibits family members’ job offers in transactions

Housing Wire

The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved in a transaction. “We The update also includes new general lender requirements regarding staffing, training and policies to maintain seller and/or servicer eligibility.

Contracts 443
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Hackers accessed data of 1.3M customers in Fidelity cyberattack

Housing Wire

.” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. The suit was filed by Teneika Tillis , a Loancare servicing client, in the U.S. District Court for Central California.

Law 499
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Grella asks court to dismiss NEXA lawsuit over breach of contract, defamation

Housing Wire

According to the document, filed on Monday in a superior court in Maricopa, Arizona, the lawsuit is the “handiwork” of Kortas. “NEXA claims that Grella breached his fiduciary duty to the company — but as a member of a manager-managed company at the time of the alleged misconduct, he had no such duty.”

Contracts 276
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CFPB ‘quietly’ affirms support for HUD counselors partnering with mortgage originators

Housing Wire

The CFPB on September 1st, 2023 posted official HUD RESPA guidance documents that are still applied by the agency — including HUD RESPA Statement of Policy 1999-1 issued on March 1st, 1999,” he said. It is not exhaustive of all HUD documents that continue to apply.” The list includes Statement of Policy 1999-1 referenced by Berenbaum.

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