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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.

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Side’s Hilary Saunders discusses the evolution of brokerage models

Housing Wire

“So, what the brokerages have done historically is they’ve made all their money from the 80% of agents who actually don’t transact more than two deals a year , because they pay desk fees, monthly fees, technology fees and legal fees.” The brokerage models have to adapt,” Saunders said.

Brokerage 360
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Mr. Cooper sues ACI for damages related to unauthorized mortgage payments

Housing Wire

Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

Following his presentation, Wolcott allegedly said in an email that his new company was also engaged in dialogue with Black Knight , which competes with CoStar in the real estate and property data business. CoStar also seeks monetary damages stemming from the costs and legal fees resulting from the suit.

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. The cost of lost business opportunity is even higher.

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ALTA: Protecting property rights with title insurance

Housing Wire

Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer. With title insurance, a claim is serious, and a loss means homeownership is threatened. However, the Iowa model is not transferable to other states.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

Elaine Marshall, North Carolina Secretary of State, described it as a “win-win-win for home buyers, the business sector and the government sector in making the mortgage closing process less time consuming, less stressful, and even more secure.” Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

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