Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

Mortgage 270

Mortgage Contracts Legal Business 270

Housing Wire

MAY 1, 2024

Zillow executives also discussed its newly launched “ Touring Contract ,” noting that prospective homebuyers would not be required by Zillow to sign its touring contract in order book a home tour.

Agents 354

Agents Real Estate Contracts Real Estate Agent 354

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 385

Contracts Brokerage Law Real Estate Agent 385

Housing Wire

NOVEMBER 13, 2023

” Mr. Cooper is accused of negligence, breach of implied contract and unjust enrichment, among other claims. At this time, however, it’s not possible to quantify the full extent of remediation and legal expenses due to the cyberattack. On Thursday, Mr. Cooper announced it had partially resumed its operations.

Legal 544

Legal Law Contracts Technology 544

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. G-Rate produced over $73 billion, $114 billion and $53 billion, respectively, in mortgage volume in 2020, 2021 and 2022, according to Inside Mortgage Finance estimates.

Loan Officers 409

Loan Officers Human Resources Contracts Mortgage 409

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. billion in the first six months of 2023, according to data from Inside Mortgage Finance. The lender originated $10.6

Loan Officers 381

Loan Officers Legal Real Estate Lending 381

GoForrmz

JANUARY 20, 2023

Keep finances at your fingertips with digital forms Digital forms have modernized the way accounting businesses work. This is especially important for legally binding documents, like an electronic signature form with sensitive contract information. However, GoFormz customers know not all digital forms are created equal.

Finance 78

Finance Clients Design Business 78

Housing Wire

APRIL 22, 2024

Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. People think that M&A is about finance, deal structure and 20% of it is that, but 80% of it is relationships, and commonality of purpose and interests,” Murray said.

Brokerage 362

Brokerage Real Estate Agents Sellers 362

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 382

Loan Officers Contracts Legal Business 382

Housing Wire

APRIL 24, 2024

Legal troubles with Black Knight contributed to the loss in Q4 2023. million in damages tied to a breach of contract claim in a four-year dispute involving the companies. Its overall profit was largely due to the strong performance of its servicing portfolio. Late in the year, an arbitrator awarded Black Knight $155.2

Lending 388

Lending Legal Contracts Mortgage 388

Housing Wire

MARCH 15, 2024

“You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.”

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

NOVEMBER 16, 2023

The CDFI certification is given by the Treasury Department CDFI Fund to lenders providing financial services to low-income communities and people who lack financing. But at least 60% of a lender’s financing must target these borrowers.

Lending 342

Lending Finance Contracts Development 342

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 369

Contracts Brokerage Investing Mortgage 369

Housing Wire

AUGUST 30, 2023

Digital mortgage lender Better Home & Finance faces a $1.86 The firm ranked as the 59th largest mortgage lender in the country in the first quarter, data from Inside Mortgage Finance showed. million suit for breaching advertising placement agreements with digital and print publisher Meredith Operations Corporation. Among the $2.1

Advertising 376

Advertising Finance Contracts Mortgage 376

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. In addition, the contract stipulated that agents must join their local Realtor association.

Law 417

Law Agents Realtors Contracts 417

Housing Wire

SEPTEMBER 26, 2023

In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits. The tests were conducted in a “live production environment, instead of a walled-off testing environment,” according to the lawsuit. Mr. Cooper alleges the incident made media headlines nationwide, damaging its reputation.

Mortgage 334

Mortgage Legal Fees Legal Contracts 334

Housing Wire

NOVEMBER 7, 2023

million since the second quarter due to lower salaries and benefits resulting from reduced headcount and legal expenses. In the quarter, the company also accrued $2 million of legal expenses related to the expected settlement of outstanding litigation. Quarterly non-volume expenses decreased $18.7

Legal 409

Legal Contracts Real Estate Mortgage 409

Housing Wire

FEBRUARY 22, 2024

Ted Tozer , the former president of Ginnie Mae and current nonresident fellow at the Urban Institute’s Housing Finance Policy Center , shares a similar opinion. This way it is all part of the sales contract, and the buyer doesn’t have to come out of pocket to actually pay the broker, just like it is today,” Tozer said. “In

Sellers 420

Sellers Buyers Real Estate Agents 420

Housing Wire

FEBRUARY 7, 2023

Like its peers, loanDepot is struggling amid a contracting mortgage market. Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37 Covington & Burling LLP is serving as the legal advisor in the decision. The California-based lender reported a $137.5

Real Estate 311

Real Estate Legal Contracts Mortgage 311

Housing Wire

OCTOBER 20, 2023

In their cross examination, attorneys for the defendants established that Ellis had knowingly signed a contract to pay a certain commission and that she knew the commission would be shared with whoever the buyer’s agent was. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing.

Contracts 386

Contracts Agents Buyers Real Estate 386

Housing Wire

FEBRUARY 5, 2024

However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. 10, Guild sent a written notice of the employment agreement, saying he failed to cure the breaches and because of that, the company terminated his contract.

Retail 379

Retail Contracts Loan Officers Mortgage 379

Housing Wire

JANUARY 30, 2023

The lawsuit includes allegations of fraud, breach of contract, negligence, intentional interference with prospective economic relations, violations of the Warn Act and defamation, among others. year over year, according to Inside Mortgage Finance estimates. million when considering all 140 potential class members. 38 among the top U.S.

Loan Officers 446

Loan Officers Retail Contracts Mortgage 446

Housing Wire

OCTOBER 2, 2023

including major markets like Charlotte, Dallas, Houston, Las Vegas, Long Island, Minneapolis, Nashville, Phoenix and Salt Lake City, Redfin agents will not be able to leave NAR, as NAR membership is required for agents to access listing databases, lockboxes, and industry-standard contracts.

Brokerage 381

Brokerage Agents Realtors Legal 381

Housing Wire

MAY 11, 2022

A CrossCountry spokesperson told HousingWire they don’t comment on legal matters. ” CrossCountry was the 17th biggest mortgage lender in the country in the first quarter, according to Inside Mortgage Finance. .” . “CrossCountry wanted to convert those offices, production, revenue, and profits to its own.”

Technology 383

Technology Investing Legal Mortgage 383

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.

Real Estate 377

Real Estate Real Estate Agent Design Law 377

Housing Wire

DECEMBER 9, 2020

The Supreme Court heard arguments Wednesday over whether it should find the structure of the Federal Housing Finance Agency unconstitutional and void an agreement it struck with the Treasury Department over revenue from the companies it oversees, Fannie Mae and Freddie Mac. The plaintiffs in the case, Collins v. home loans.

Government 375

Government Legal Investing Law 375

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? What used to be infrequent is becoming more common; Sellers backing out of contracts. There are two options; recover the earnest money and move on, or sue the Seller for specific performance; make them close per the contract terms.

Sellers 52

Sellers Buyers Contracts Legal 52

Housing Wire

JANUARY 18, 2024

Qualia is suing both Settlor and Myers for misappropriation of trade secrets, and it is suing Myers for breach of contract, and Settlor for intentional interference with a contract. The company is asking for damages and injunctive relief, and it is demanding a jury trial.

Contracts 390

Contracts Government Business Marketing 390

Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner.

Modernization 344

Modernization Legal Contracts Mortgage 344

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Buyers 355

Buyers Sellers Finance Contracts 355

Housing Wire

DECEMBER 20, 2023

It’s the ultimate in legalized fraud. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender.

Loan Officers 451

Loan Officers Clients Law Legal 451

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. Fannie Mae, Freddie Mac and the U.S.

Buyers 385

Buyers Agents Loan Officers Real Estate 385

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.

Clients 404

Clients Contracts Mortgage Legal 404

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

NOVEMBER 27, 2023

Davis’ original complaint stated that after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers.

Technology 487

Technology Agents Training Realty 487

Housing Wire

APRIL 5, 2024

The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees.

Brokerage 375

Brokerage Sellers Law Contracts 375