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.

Legal 420

Legal Government Law Development 420

Housing Wire

MARCH 8, 2024

Ex-chief growth officer Brian Mitchell accuses Summit and Scrima of gaining illegal access to confidential information from its competitor Movement Mortgage to poach their employees and take their businesses, according to the lawsuit filed on Feb. 7 in the Superior Court of California in the County of Sacramento.

Legal 421

Legal Business Mortgage Retail 421

Housing Wire

DECEMBER 15, 2023

It’s the latest salvo in a legal battle that started after the three of Movement’s veteran sales executives — Deran Pennington, Matt Schoolfield and Chris Shelton — left for Summit in July. In response, Mitchell asked if Scrima was sure he wanted Movement’s “proprietary/confidential information on Summit servers.”

Legal 421

Legal Loan Officers Retail Business 421

Housing Wire

MARCH 14, 2024

Hello Divorce , a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets. In return, they receive a report detailing the various options they have for reaching their goals.

Real Estate 458

Real Estate Legal Modernization Clients 458

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.

Agents 409

Agents Legal Tools Technology 409

Housing Wire

JANUARY 10, 2024

Guild claims the group stole “substantial amounts” of information, recruited away its employees and created confusion among its customers. A spokesperson for CCM wrote that the company “does not comment on legal matters.” District Court, Western District of Washington, Seattle.

Legal 421

Legal Lending Contracts Mortgage 421

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

Legal 544

Legal Law Contracts Technology 544

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. Meanwhile, Mike Hogan is PennyMac’s new chief information officer, replacing Lior Ofir, who departed the company to pursue new opportunities.

Legal 421

Legal Contracts Technology Development 421

Housing Wire

OCTOBER 2, 2023

Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire.

Legal Fees 421

Legal Fees Legal Technology Development 421

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. Movement claims that Pennington continued to receive compensation and had access to trade secrets and confidential information for four months.

Loan Officers 419

Loan Officers Legal Retail Finance 419

Housing Wire

MARCH 8, 2024

JND Legal Administration is in charge of distributing the mailers, emails and press releases. While it is not uncommon for the parties themselves to handle settlement administration work, legal experts told HousingWire that due to the size and scope of these lawsuits it is not surprising that a third-party administrator was brought in.

Agents 432

Agents Legal Realtors Clients 432

Housing Wire

MARCH 13, 2024

Saris will allow the Nosalek commission lawsuit plaintiffs and MLS Property Information Network (MLS PIN) defendants to file a response to the Department of Justice’s statement of interest. In their motion, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.”

Legal 441

Legal Contracts Sellers Buyers 441

Housing Wire

FEBRUARY 29, 2024

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. In the filing, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.”

Legal 421

Legal Contracts Sellers Buyers 421

Housing Wire

JULY 21, 2023

The news was first reported by legal website Top Class Action. According to the lawsuit, an unauthorized person gained access to the Citywide systems and deployed a ransomware, encrypting certain systems and allegedly compromising the personally identifiable information of current and former employees of the company.

Legal 370

Legal Technology Insurance Lending 370

Housing Wire

DECEMBER 19, 2023

A number of economic, legal, policy and public pressures will continue to keep fairness issues front-and-center for the foreseeable future — particularly around lending and loan default servicing. And they need to engage all board members, keep them informed, seek their guidance and make them aware of their own potential legal peril.

Legal 410

Legal Law Supply Chain Lending 410

Housing Wire

NOVEMBER 8, 2023

Data from the Legal Research Center concluded that all 50 states and Washington, D.C., Legal Research Center CEO Kevin Ritchey says that FEMA did not take existing state laws and regulations into account when making its recommendation.

Legal 420

Legal Law Insurance Real Estate 420

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. Natural disasters.

Real Estate 410

Real Estate Legal Tenants Clients 410

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. the Nationwide Multistate Licensing System (NMLS) showed.

Retail 421

Retail Legal Lending Business 421

Housing Wire

JANUARY 3, 2024

Live Well Financial , which alleges that companies including Celink improperly paid property taxes before they became due without legal justification or notice. As Magistrate Judge Shields held, Shakespeare has no factual or legal relation to this matter,” Celink attorneys said in the filing.

Legal 430

Legal Property Taxes Design Mortgage 430

Housing Wire

APRIL 15, 2024

Others noted that the practice of cooperative compensation has been codified as a legal practice in many states, so they ask their clients what they have read or heard and what specific questions they have. “I Ultimately, my priority is to ensure that clients feel informed, supported, and confident in their decision-making process.”

Inventory 421

Inventory Agents Real Estate Sellers 421

Housing Wire

FEBRUARY 22, 2024

Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Business 410

Business Marketing Real Estate Legal 410

Inman

FEBRUARY 8, 2024

Real estate professionals who handle closings and settlements will be required to report information to the Treasury's Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts.

Legal 163

Legal Real Estate Agents 163

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 421

Retail Contracts Legal Business 421

Housing Wire

SEPTEMBER 28, 2023

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, REX) on that issue.

Advertising 410

Advertising Legal Law Real Estate 410

Housing Wire

OCTOBER 16, 2023

Bias, discrimination, privacy and security concerns related to consumer information are some of the biggest risks in implementing generative AI, noted Brian Stucky, lead at Rocket Ethical AI at Rocket Mortgage. “We still do not have AI-specific regulation (…) We have to operate under the Fair Lending Act.

Technology 466

Technology Lending Government Legal 466

AmeriMac

AUGUST 6, 2023

When it comes to maximizing your legal strategy, leveraging litigation support services can be a game-changer. In this blog, we will dive deep into the world of litigation support and explore its key aspects and impact on legal cases. Corporate services provide expert testimony and research, saving time and resources for legal teams.

Legal 36

Legal Technology Law Clients 36

Housing Wire

NOVEMBER 9, 2023

In short, we are in the midst of a very complex legal situation, and we are working around the clock to evaluate the situation and get the very best advice about a path forward,” Kasper said. Moving forward, Kasper promised to continue to communicate with members and answer their questions, when information becomes available.

Agents 432

Agents Legal Sellers Clients 432

Housing Wire

NOVEMBER 9, 2023

The lender and servicer informed law enforcement, regulatory authorities and other stakeholders. At this time, however, it’s not possible to quantify the full extent of remediation and legal expenses. Cooper disclosed that it had experienced a cybersecurity incident.

Legal 432

Legal Law Finance Technology 432

Appraisal Buzz

AUGUST 24, 2021

The “Valid-When-Made” Rule is under attack in federal courts, and Legal League 100’s Special Initiatives Working Group and LL100’s Chairman Stephen Hladik break down its ramifications in an informative White Paper and webinar. The post The Impact of a Century’s-Old Doctrine on the Mortgage Market appeared first on DSNews.

Marketing 370

Marketing Mortgage Legal Appraisal 370

Housing Wire

SEPTEMBER 25, 2023

They must also prove they have a legally required, permissible purpose for accessing the information. The legislation requires verifiers – such as lenders or social service agencies – to undergo a thorough credentialing process with Equifax.

Legal 441

Legal Business Government Tools 441

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.

Mortgage 409

Mortgage Legal Fees Legal Contracts 409

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. per share.

Contracts 421

Contracts Development Legal Law 421

Housing Wire

APRIL 23, 2024

Offering cooperative compensation is legal in all 50 states and the four territories that we have Realtor associations, so we didn’t want to usurp state laws,” Sears said. Sears told HousingWire that news of the settlement agreement achieving preliminary approval was “very satisfying.”

Realtors 421

Realtors Brokerage Agents Real Estate 421

Housing Wire

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) on Tuesday filed a lawsuit against Freedom Mortgage Corporation for allegedly violating the Home Mortgage Disclosure Act (HMDA) and a 2019 consent order by submitting legally required mortgage loan data that “was riddled with errors.”

Brokerage 397

Brokerage Realty Real Estate Loan Officers 397

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. and 5:30 a.m. accessing “password-protected” company computers to steal client data. 7, according to the lawsuit.

Real Estate 370

Real Estate Realty Real Estate Agent Legal 370

Housing Wire

JULY 19, 2023

In many instances, such claims are without legal merit but they nonetheless should be taken seriously. Patrick MacQueen is the founder of Medalist Legal in Chandler, Arizona. This article is for information purposes only and should not be deemed as legal advice. Confirm that your brokerage documents (e.g.,

Real Estate 370

Real Estate Legal Brokerage Clients 370

Housing Wire

MARCH 21, 2024

I believe we are positioned well enough that regardless of membership numbers, we can continue giving our members the information they need.” The MLS provides the widest level of exposure, and it gives brokers and agents levels of information that they are not going to get if they do things separately from each other.

Realtors 431

Realtors Agents Real Estate Logistics 431