Housing Wire

NOVEMBER 13, 2023

Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. The firm informed law enforcement, regulatory authorities and other stakeholders. Mr. Cooper had 4.3

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Legal Law Contracts Technology 544

Housing Wire

JANUARY 10, 2024

Guild claims the group stole “substantial amounts” of information, recruited away its employees and created confusion among its customers. The lender asserted claims for breach of contract, fraud, unfair competition and tortious interference, among others. District Court, Western District of Washington, Seattle.

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Legal Lending Contracts Mortgage 411

Housing Wire

DECEMBER 5, 2023

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. 28, an arbitrator awarded Black Knight $155.2 In March 2020, the companies entered arbitration.

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Contracts Development Legal Law 405

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Comparables can help agents assess current market trends, and make informed decisions when it comes to a fair offer price.

Real Estate Agent 438

Real Estate Agent Real Estate Inspection Tools 438

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Buyers Contracts Agents Realtors 388

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. That’s not the Orange County, California-based lender’s only poaching legal battle.

Retail 393

Retail Contracts Legal Business 393

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land.

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Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

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Retail Legal Lending Business 409

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. A seller-client cancels a listing.

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Real Estate Legal Brokerage Clients 323

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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Contracts Real Estate Property Taxes Legal 36

Housing Wire

MARCH 11, 2022

According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

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Real Estate Realty Real Estate Agent Legal 343

Housing Wire

MAY 13, 2024

Based on our understanding of what Fannie Mae and Freddie Mac (the GSEs) anticipate including in the release, our members have expressed concerns that the information will be insufficient to meet their data analytics needs,” the letter stated. “We FHFA was comfortable approving VantageScore 4.0

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Legal Mortgage Contracts Insurance 384

Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Real Estate Contracts Law Real Estate Agent 363

Housing Wire

DECEMBER 6, 2023

Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights.

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Real Estate Legal Tenants Clients 406

Housing Wire

APRIL 15, 2024

“With buyers who are asking I explain the situation and let them know that there could be a strong possibility they would need to pay a percentage if not all of the commission agreed upon to me as their buyers’ agent and that we need to enter into a contract.”

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Inventory Agents Real Estate Sellers 403

Housing Wire

MARCH 28, 2024

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023. NWMLS counters that these rule changes increased transparency and removed the potential for steering. “The

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Sellers Contracts Buyers Realtors 372

Housing Wire

SEPTEMBER 26, 2023

The plaintiff states that the ACI Payments “misused” Mr Cooper’s nonpublic personal customer information to conduct quality assurance testing, even though the servicer did not authorize such use. In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits.

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Mortgage Legal Fees Legal Contracts 359

Housing Wire

DECEMBER 19, 2023

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. District Court for Central California.

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Clients Contracts Mortgage Legal 415

Housing Wire

MARCH 29, 2024

In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

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Sellers Real Estate Buyers Contracts 429

Housing Wire

DECEMBER 21, 2022

The court quickly imposed a temporary restraining order to the case, which prohibited the former employees from using documents and mandated the return of the filings containing customer information that loanDepot claims they improperly took to CrossCountry.

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Legal Loan Officers Contracts Business 389

Housing Wire

JANUARY 18, 2024

The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took. 1, 2023, to remind her of her agreement to keep any confidential information and trade secrets private, which it says she ignored. Prior to the acquisition, Myers had been with Adeptive for nearly 10 years.

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Contracts Government Business Marketing 407

Housing Wire

NOVEMBER 3, 2023

The agreement puts an end to a short-lived legal dispute with the Treasury Department. Change accused Levine of committing fraud and breaching his contract with the firm to advance his scheme to extort Change and its principals for over $10 million. Levine was fired in March over multiple accusations of workplace misconduct.

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Lending Finance Legal Contracts 388

Appraisal Buzz

AUGUST 1, 2022

When trying to understand the meaning of words in this manner, there is a legal premise that applies specific to understanding the language called the plain meaning rule. When reading contracts, words will always have their ordinary meaning unless defined otherwise. With that defined, let’s look at the definition of summary: Summary.

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Valuation Contracts Appraisal Legal 360

Housing Wire

JULY 19, 2022

The lawsuit, filed in federal court in New York last week, alleges that since February 2022 “CrossCountry improperly poached no fewer than 32 loanDepot employees from loanDepot branches in Manhattan, Brooklyn and Fishkill, New York by interfering with loanDepot’s contractual and other legal rights.”

Loan Officers 384

Loan Officers Contracts Legal Business 384

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Contracts Appraisal Market Value Real Estate 64

Housing Wire

JANUARY 4, 2023

The lender said that despite not formally renewing the contract, CAVU continued to provide the services as of September 2022. The employees’ PrimeLending contracts had non-solicitation, non-interference and confidentiality clauses, according to the lawsuit. That equates to a loss of about 10% of PrimeLending’s workforce.

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Loan Officers Contracts Mortgage Legal 453

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

SEPTEMBER 23, 2022

Eghbal “Eddie” Saffarinia, 62, of Alexandria, Virginia, perpetrated a scheme to conceal key facts, including the extent and nature of his relationship with a “personal friend” who was the owner and CEO of an information technology company, according to court documents and evidence presented a trial.

Government 362

Government Development Contracts Technology 362

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. In a lawsuit filed in late February in New Jersey, she accused G-Rate, Joseph Moschella and Jon Lamkin of violating New Jersey laws regarding discrimination, equal pay and unfair competition.

Loan Officers 429

Loan Officers Human Resources Contracts Mortgage 429

GoForrmz

FEBRUARY 20, 2024

Your data is secure with GoFormz In an era where data is often referred to as the new gold, businesses are becoming increasingly concerned about the safety and security of their sensitive information. The platform employs end-to-end encryption to shield your information from any unauthorized access.

Legal 78

Legal Law Contracts Business 78

Housing Wire

MAY 3, 2021

REX replied to the legal filing in a company statement Monday. Late last year, the Rich Barton-led firm began entering into contracts with Multiple Listings Services – most of which are owned by the NAR – and receiving those MLS’s Internet data display, or IDX feeds. NAR is a co-defendant lawsuit.

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Brokerage Agents Advertising Legal 384

Housing Wire

MAY 11, 2022

A CrossCountry spokesperson told HousingWire they don’t comment on legal matters. Caliber requires their sales staff to agree not to ask other employees to end their employment with the lender; remove loans in process; or retain, use, or disclose confidential business information, the company said.

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Technology Investing Legal Mortgage 384

GoForrmz

AUGUST 14, 2023

Digital Signature Form Field: The classic Signature form field is a generic, non-E-SIGN Act-compliant digital signature that is best suited for anything that isn’t legally binding. Now every time you click to sign a form that has an eSign field on it, your information will automatically populate in the field.

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Legal Contracts Law Inspection 128

Housing Wire

DECEMBER 7, 2023

24, 2023, Qualia informed Stewart that in an effort to “modernize” the “old legacy contracts” Adeptive had entered, it would be terminating the ResWare licensing agreement Stewart had entered with Adeptive on Jan. The firm estimates that roughly 4,000 Stewart employees use the software on a daily basis.

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Modernization Business Contracts Design 380

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 421

Sellers Buyers Real Estate Agents 421

Empire Appraisal Group

NOVEMBER 3, 2022

More than a quarter of real estate professionals say they avoid having any interaction with an appraiser, falsely believing they legally can’t. Real estate pros who do interact with appraisers say they try to provide additional information to help them in their valuation, the survey shows. Source: Can You Talk to an Appraiser?

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Appraisal Appraisal Process Legal Real Estate 78

Housing Wire

DECEMBER 26, 2023

And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework. Includes The Adventure Guide book.

Real Estate 397

Real Estate Real Estate Agent Design Law 397