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Lawsuit

Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit

California, HWmember, Lawsuit, Legal, Michigan, Mortgage, Mortgage Fraud, Rocket Mortgage, United Wholesale Mortgage /

Rocket Mortgage has sued a California mortgage brokerage and one of its executives, alleging they knowingly submitted fraudulent loan applications that concealed borrowers’ debts and caused financial losses after the loans were sold to investors. In a complaint filed Tuesday in the U.S. District Court for the Eastern District of Michigan, Rocket Mortgage said Sharp […]

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Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say

CFPB, HWmember, Lawsuit, Legal, LendingLife, Mortgage, Real Estate Settlement Procedures Act, Redfin, Rocket Companies, Rocket Mortgage /

The class-action lawsuit filed this week against Rocket Companies and its subsidiaries, which alleges violations of the Real Estate Settlement Procedures Act (RESPA), has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models. Legal experts have described the case as “unique,” saying

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Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation

Consumer Financial Protection Bureau, Lawsuit, Legal, Mortgage, Rocket Companies, Rocket Mortgage /

Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms are disadvantageous to the clients.” The suit was filed in the U.S. District Court for the Eastern District of Michigan. The plaintiffs are

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Court advised to reject legal bid to compel NAR rule enforcement

Florida, Lawsuit, Legal, MLS/Associations, National Association of Realtors, Real Estate /

A magistrate judge in the U.S. District Court for the Southern District of Florida’s West Palm Beach Division has recommended that the court deny plaintiff Jorge Zea’s preliminary injunction motion that seeks to compel the National Association of Realtors (NAR) along with 16 local Realtor associations and MLSs to follow their own rules.  Filed in

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Judge blocks key Hometap defenses in Massachusetts HEI lawsuit

Home Equity, Hometap, HWmember, Lawsuit, Legal, Massachusetts, Reverse, Reverse Mortgage Daily /

A Massachusetts judge has barred home equity contract provider Hometap from arguing that state regulators previously approved or implicitly sanctioned the company’s business model — strengthening the attorney general’s consumer protection lawsuit against Hometap. In a Dec. 19 decision, Suffolk County Superior Court Judge Debra Squires-Lee ruled that such fairness-based arguments cannot be used to

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Will federal AI regulations override state housing efforts?

Artificial Intelligence, Compliance, Department of Justice, Donald Trump, HWmember, Lawsuit, Politics, Real Estate, Regulatory, Regulatory Compliance, Technology, Trump administration /

President Donald Trump’s new executive order that creates a single federal framework for artificial intelligence (AI) is reverberating throughout the housing industry. While states have been moving to regulate AI tools used in home pricing, marketing, tenant screening and mortgage decisions, the new order asserts federal authority over AI regulation. The Department of Justice (DOJ)

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Supreme Court denies REX’s request to rehear petition

HWmember, Lawsuit, Legal, National Association of Realtors, Real Estate, REX, Supreme Court, U.S. Supreme Court, Zillow /

The Supreme Court will not be taking up Real Estate Exchange (REX)’s appeal of a Ninth Circuit Court of Appeals ruling in REX’s long-running antitrust suit against the National Association of Realtors (NAR) and Zillow. The nation’s highest court denied REX’s rehearing request in a ruling on Monday. No reason was given for its refusal.

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Biggest stories of 2025: NAR’s Clear Cooperation Policy battle

Agent, Brokerage, Clear Cooperation, Compass, HWmember, Lawsuit, MLS/Associations, National Association of Realtors, Real Estate, Zillow /

From lawsuits to mergers and acquisitions at a scale never seen before in real estate and everything in between, 2025 was full of twists, turns and surprises for the housing industry. HousingWire is rewinding and breaking down the biggest storylines in the real estate industry from this past year. The debate surrounding the National Association

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YIMBY group sues Newsom over SB 9 pause in L.A. wildfire zones

Housing Policy, Lawsuit, Policy, The Builder's Daily, Wildfire /

California Gov. Gavin Newsom gave the state’s “yes-in-my-backyard” coalition celebrated wins this year on housing legislation. Those same pro-housing activists have now sued him over an August executive order that exempts fire-ravaged areas in Los Angeles from a 2021 state law — Senate Bill 9 — that paved the way for higher density on single-family

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CrossCountry challenges court order in Gallo mortgage fraud case

CrossCountry Mortgage, HWmember, Lawsuit, Legal, Mortgage, Mortgage Fraud, New Jersey, Ohio /

CrossCountry Mortgage (CCM) filed a motion last week as it seeks to intervene in the criminal case against former loan officer Christopher Gallo, and to vacate a November court order that blocked the company’s arbitration claim against the former employee. National Mortgage News first reported the legal action. According to the Dec. 3 filing, the

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