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FirstFunding sues Sprout for breaching of contract

Housing Wire

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Consequently, the warehouse lender filed the lawsuit against Sprout on Wednesday for breaching the contract and injunction in the U.S.

Contracts 362
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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. When an associate agent joins any KW market center, they have to name their sponsor.

Brokerage 489
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

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. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143
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Private-label MBS market facing strong headwinds

Housing Wire

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing 347
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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. But as history has proven, although the market fluctuates in the short term, it reaches new heights in the long term. Legal disputes. Natural disasters. Public relations crises.

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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. What lenders should know about today’s economic climate.

Mortgage 350
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New Wave sues Sprout for defaulting on $32M purchase of mortgages

Housing Wire

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. What lenders should know about today’s economic climate.

Mortgage 348