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NAR settlement faces another legal appeal

Housing Wire

According to Wang, the declaration showed “the design of the notice progress to be deeply flawed and racially discriminatory; the outcome the Keough Declaration reported proves to be racially discriminatory as well, as one may readily predict from the racist methodology of the notice regime the settlement administrator designed.”

Legal 263
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

Legal 488
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CFPB wants lenders to disclose reason for denial of credit

Housing Wire

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. Presented by: Mortgage Coach.

Law 445
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Keller Williams settles some of the lawsuits tied to its profit-sharing program

Housing Wire

Keller Williams ‘ legal worries just got a little lighter. In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC. That sponsor then becomes part of the agent’s “profit share tree.”

Brokerage 398
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Opinion: Foreign land ownership legislation and principles for protecting property rights

Housing Wire

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

Law 363
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Zillow moves to have REX suit dismissed

Housing Wire

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. District Court in Seattle hearing the trial.

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Remote online notarization is the proper path forward for digital closings

Housing Wire

The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. To appreciate this improvement to the closing process, you need to understand the various laws that allow for digital closings at different stages of the transaction.

Law 467