Housing Wire

MAY 4, 2022

Starting in March 2023, lenders for conventional mortgages will be required to furnish information about borrowers’ language preference and housing counseling, the agency said on Tuesday. The post FHFA language disclosure rule stokes fears of legal blowback appeared first on HousingWire.

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Housing Wire

MARCH 18, 2024

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. million plus interest, granted as an interim award in November 2023, to $150.2 million in net income in 2023, down from $475.5

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Housing Wire

MAY 2, 2024

But in August 2023 , during KW’s Mega Agent Camp event in Austin, the company’s International Associate Leadership Council (IALC) voted to revise the profit-sharing distribution policy. In February 2020, KW introduced a more restrictive policy to its profit-sharing program.

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Housing Wire

JANUARY 3, 2024

His 2023 salary has not been made public yet. In Q3 2023 , Anywhere reported $1.6 billion in revenue and a net loss of $39 million in Q3 2023. Since going public in April 2021, Compass has yet to turn a profit, however, it did manage to achieve its goal of becoming free cash flow positive by the second quarter of 2023.

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Housing Wire

FEBRUARY 15, 2024

The legal battle follows the creation of a Facebook group called “Rocket Pro TPO vs UWM,” which UWM says Walker founded on Oct. mortgage lender, originating about $108 billion in 2023, per Inside Mortgage Finance estimates. as of December 1, 2023. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday.

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Housing Wire

JANUARY 10, 2024

After about one year, in September 2023, an arbitrator issued and signed Guild’s award, but the company said the defendants “have not complied” nor “indicated that they will do so.” 19, 2023, the petition in the U.S. A spokesperson for CCM wrote that the company “does not comment on legal matters.”

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Housing Wire

MARCH 13, 2024

In their motion, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.” The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023.

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Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. But in August 2023 , during KW’s Mega Agent Camp event in Austin, the company’s International Associate Leadership Council (IALC) voted to revise the profit-sharing distribution policy.

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Housing Wire

APRIL 22, 2024

In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits.

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Housing Wire

MAY 6, 2024

The company announced last week that, in April, it welcomed production teams that collectively originated more than $500 million in mortgage volume in 2023. from Q1 2023. Summit recently became involved in a legal battle with Movement over an alleged poaching scheme. mortgage lender in the first quarter of 2024. year over year.

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Housing Wire

APRIL 4, 2024

An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute.

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Housing Wire

APRIL 15, 2024

In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

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Housing Wire

APRIL 24, 2024

million it incurred in fourth-quarter 2023. million in Q4 2023 but up from a pretax loss of $19.6 million in Q1 2023. Meanwhile, the revenue growth compared to Q1 2023 was largely due to higher overall origination volumes and margins. billion on March 31, up 3% from the end of Q4 2023 and up 18% from the end of Q1 2023.

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Housing Wire

MARCH 14, 2024

Hild and his legal team have consistently maintained that the restitution figure should be lower and, in the case of some companies, should be $0. Prior to his sentencing in January 2023, Hild was denied a previous motion for acquittal or a new trial by Abrams. The government has yet to file a formal motion explaining its objections.

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Housing Wire

FEBRUARY 16, 2024

Keeping in compliance and satisfying the legal requirements of referrals can be a consuming process, but MLS Match really cuts down on the time and creates a win-win scenario. The platform ensures legally binding referrals and secure sharing of client’s information.

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Agents Legal Tools Technology 376

Cleveland Appraisal Blog

APRIL 26, 2023

Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself. Using a realtor to buy land in 2023 has many benefits as we have just seen. Let’s get started. Should you get a Realtor?

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Inman

JULY 5, 2023

Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023.

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Housing Wire

APRIL 4, 2024

Davis — took legal action against the real estate brokerage by filing six separate class-action lawsuits. But in August 2023 , during KW’s Mega Agent Camp event in Austin, the company’s International Associate Leadership Council (IALC) voted to revise the profit-sharing distribution policy. Moulder, David L. Bueker, Robert E.

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Brokerage Legal Agents Contracts 364

Cleveland Appraisal Blog

JUNE 23, 2023

Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Before you purchase anything, consider the legal implications, including property taxes, zoning laws, environmental regulations, and permits required for your intended use. What are the local regulations?

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Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

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Brokerage Agents Legal Real Estate 447

Housing Wire

MARCH 8, 2024

The lawsuit follows a legal battle that started after three of Movement’s veteran sales executives—Deran Pennington, Matt Schoolfield, and Chris Shelton — left for Summit in July 2023. Per the lawsuit, Scrima responded that the company and himself were legally compliant and rejected his proposal to discuss a three-month severance.

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Housing Wire

NOVEMBER 7, 2023

loanDepot , the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday. billion in the second quarter of 2023. 30, 2023, from $142.5 billion as of Sept.

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Housing Wire

FEBRUARY 28, 2024

The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. The National Association of Realtors is facing yet another copycat commission lawsuit. Filed on Tuesday in U.S. 2, 2019, and Oct. None of the defendants responded to a request for comment.

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Housing Wire

AUGUST 3, 2023

This move comes as @properties aims to expand its business and enhance legal support across its portfolio of enterprises. Lopez, who joined @properties in November 2022 as Director of Legal, has proven herself as a key member of the leadership team for @properties and Christie’s International Real Estate.

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Housing Wire

MARCH 28, 2024

According to the DOL, they must pay $35,000 in emotional damages and the legal fees of the two employees who reported consumer fraud concerns. In July 2023, company executives told HousingWire that they were expanding their market share by growing their existing footprint in a margin-thinning environment. mortgage lender in 2023.

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Housing Wire

FEBRUARY 13, 2024

We observed a slight uptick in foreclosure filings, which may be partially attributed to the typical post-holiday progression of filings through the legal system,” Rob Barber, CEO at Attom, said in a statement. That’s up 1% from one year ago and up 13% from last month, the first monthly increase recorded since July 2023.

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Housing Wire

NOVEMBER 30, 2023

19, 2023, deadline for submitting things like motions for summary judgment. “We Braun argued that legal issues still playing out in the Sitzer/Burnett suit was not a reason to delay the trial in the Moehrl case. The suit received class-action status in March 2023.

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Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. Increasing the tone of the legal battle, Pennington filed a counterclaim against Movement requesting about $9.8 million in unpaid compensation.

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Loan Officers Legal Retail Finance 361

Housing Wire

MARCH 14, 2024

Change and the Treasury Department went through a short-lived legal dispute after the lender sued the CDFI Fund for its “flawed analysis and mathematical errors,” leading to a decertification of Change Lending. The Treasury Department renewed the certification in February following a settlement agreement in November 2023.

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Lending Renovations Legal Real Estate 392

Housing Wire

APRIL 29, 2024

31, 2023 , Douglas Elliman had $119.8 The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M. The SEC filing also notes that if “Douglas Elliman’s Cash Balance does not exceed $40.0 31, 2025 until Dec.

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Brokerage Agents Legal Realty 402

Housing Wire

APRIL 26, 2024

HomeServices of America is the third-largest brokerage in the country by transaction sides at 235,861 in 2023, according to the latest RealTrends rankings. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty. The Minnesota-headquartered firm had $133.8

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Brokerage Agents Real Estate Buyers 470

Housing Wire

MAY 10, 2024

In 2023, NAR announced a policy change that allows the finance committee to use the Consumer Price Index (CPI) “as a guide” to help it recommend an annual dues amount to the board of directors. In 2023, NAR raised dues from $150 to $156. million for the first time since May 2021. represent themselves 2.

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Realtors Finance Agents Legal 273

Lamacchia Realty

APRIL 4, 2023

Legislation was signed into law last Wednesday , April 29, 2023 by Governor Maura Healey to legalize remote online notarization (RON). However, after several extensions, that ended in March of 2023. New Hampshire, Rhode Island, Maine, Vermont, and Delaware have all passed RON within the past few years.

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Housing Wire

JANUARY 8, 2024

A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. 31, 2023, and Dec. In a filing dated Dec.

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Real Estate Realty Real Estate Agent Legal 363

Housing Wire

MARCH 19, 2024

Since announcing its controversial “All-In” initiative in March 2021, UWM has been in legal battles with its broker partner that send loans to Rocket and Fairway. UWM settled with Mid Valley Funding in June 2023. UWM sued Kevron Investments Inc.,

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Mortgage Law Brokerage Legal 356

Housing Wire

SEPTEMBER 5, 2023

The Sitzer/Burnett suit is slated to head to trial on October 16, 2023. We believe the settlement will remove future uncertainty with respect to the upcoming trial, potential additional claims, and legal expense, enabling Anywhere to focus on and continue delivering what’s next for agents and franchisees.

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Real Estate Buyers Legal Realtors 448

Housing Wire

APRIL 19, 2024

Government attorneys deny that TCB “is entitled to any of the relief sought in the complaint,” adding that they deny “[e]ach and every allegation, as well as all inferences, arguments, and legal conclusions based on them.”

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