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CFPB contracting officer details ‘wholesale termination’ of key contracts

Housing Wire

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia , saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau. Doe claims that on Feb.

Contracts 391
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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 370
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More legal action taken against Keller Williams’ profit-sharing program 

Housing Wire

Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits. Allegations against KW include breach of contract, declaratory judgment and unjust enrichment. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. Moulder, David L. Bueker, Robert E.

Legal 468
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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

Legal 418
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Australia, New Zealand-based reverse pros share insights

Housing Wire

In an interview held in late January, the pair discussed some of their observations about the conference, American industry professionals and some of the talked-about business elements from the event and other areas of similarity and difference. Heartland complies with these guidelines, they explained. counterpart.

Contracts 293
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Homebuyer sues eXp, accusing agent of breaching fiduciary duty

Housing Wire

On March 13, 2024, Featherston knowingly misrepresented that a team member had [the property] under contract, when in fact she had submitted an offer for her own buyer, thereby concealing a clear conflict of interest and acting in bad faith, the complaint states. Ammann claims that a similar chain of events happened with another property.

Agents 269
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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L.

Brokerage 511