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DOL accuses PrimeLending of violating whistleblower provisions

Housing Wire

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.

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Side’s Hilary Saunders discusses the evolution of brokerage models

Housing Wire

2006 is when Zillow came out with their Zestimates and with that, they started to very slowly provide to the consumer a more transparent way of understanding the market, and how to see not just the value of their home, but also what their neighborhood was doing and how prices were going up and down,” Saunders said.

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Reffkin trades in Compass stock for $7M cash bonus

Housing Wire

In the SEC filing, the firm noted that the changes to Reffkin’s compensation were made after a review by an independent compensation consultant, in order to provide “market-based CEO compensation.” For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

Whether or not the bonds were sold under ideal market conditions for the best possible price is irrelevant to the restitution calculation,” Parker said. Fluctuations in the market value of the bonds was foreseeable — even if direction and degree of change was not.” Butmost of Hild’s arguments were not persuasive, according to Parker.

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. More recently, Patriot Bank paid $1.9 Drill into the data.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

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.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

” Navigating Closing Struggles in 2021’s Purchase Market. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs. . “Truliant completed its first end-to-end eClosing on March 27 last year. One year later we are the first member to deliver an eNote to FHLBank Atlanta.”

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