A federal judge has defeated a trade group’s bid to stop tighter lending rules for clean energy loans, overriding protests that the move would hike costs and diminish demand. Processing Content The ruling on summary judgment this week by U.S. District Judge Tom Barber, in favor of the government, means administrators with the Property Assessed […]
Trade group loses bid to block PACE rules Read More »
Fair housing organizations are pushing back against the early termination of a consent order between the Department of Justice and Lakeland Bank over a redlining settlement. Processing Content The Public Interest Law Center filed a proposed amicus curiae brief arguing against a joint motion to end another Biden-era redlining agreement early. The document said the
DOJ, Lakeland redlining settlement contested by advocates Read More »
Hundreds of E Mortgage Capital employees could join a wage lawsuit against the brokerage, after a federal judge granted conditional approval to certify a class. Processing Content The federal complaint in Arizona accuses the lender of failing to pay overtime to numerous workers, from loan officers to processors to managers. An attorney for plaintiffs told
Hundreds may join E Mortgage Capital wage lawsuit Read More »
In a new lawsuit that has attracted AARP, a consumer advocacy group is suing home equity investment platform Unison, the latest in a series of similar cases HEI firms have seen lodged against them. Processing Content The National Association of Consumer Advocates filed the lawsuit in District of Columbia Superior Court. Alongside its own attorneys,
AARP joins suit against Unison HEI model Read More »
A federal district court in Washington State denied a claim for a preliminary injunction in a lawsuit to halt a special-purpose credit program aimed at addressing racial disparities in homeownership rates Processing Content Nonprofit advocacy group Foundation Against Intolerance and Racism first filed suit in late 2024 against the Washington State Housing Finance Commission. Founded
Judge denies motion to halt racial equity mortgage program Read More »
D.R. Horton and its lending arm are defending their underwriting practices as lawful, after borrowers sued the companies for saddling them with mortgage payment shocks. Processing Content The homebuilder’s motion to dismiss, filed Monday in a Nevada federal court, is its first response to a class action suit, which raises racketeering claims. Home buyers say
DR Horton defends practices in RICO mortgage case Read More »
Mr. Cooper is facing another complaint over its fees, from plaintiffs claiming over $15 million in damages. Processing Content Two borrowers filed the class action lawsuit this week in Ohio, including parent company Rocket Mortgage as a defendant. The filing seeks relief for over 787,000 borrowers who paid off their mortgage in recent years, who
Mr. Cooper sued over $20 third-party reconveyance fees Read More »
Real estate brokerages will shell out another $42 million to home sellers and their attorneys to settle lingering antitrust litigation related to the massive National Association of Realtors case. Processing Content A federal judge last week granted final approval to settlements by eight brokerages, funds which could reach upwards of 2.6 million consumers, according to
NAR antitrust cases net sellers another $42M Read More »
A Two Harbors Investment shareholder is suing the REIT to halt its deal with United Wholesale Mortgage, raising accusations around financial disclosures and board members’ stock sales. Processing Content Michael Koblentz also named Two President and CEO William Greenberg and the company’s board of directors as defendants in the lawsuit filed Wednesday in an Illinois
Two Harbors shareholder wants to halt UWM deal over filings Read More »
A Maryland-based title and settlement services company has settled claims that it paid fees to real estate agents and brokers in exchange for customer referrals through joint venture arrangements. Processing Content KVS Title created multiple joint venture companies with real estate agents and brokers, including Alliance Title Services, Clear Title Solutions, Eversure Title, Realty Settlement
Title company settles RESPA JV referral claims for $1M Read More »