Lawsuit

OneTrust challenges mortgage coaching neutrality in suit over trade secrets

OneTrust Home Loans filed a lawsuit this week challenging the long-promoted neutrality of mortgage coaching programs, alleging the services were used by a rival to gain a competitive edge. The California-based lender is suing former loan officer Broch Lassig, mortgage coach Richard Ruby, and Ruby’s company, The Core Training, accusing them of misusing confidential business […]

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Appeals court throws curve ball in potential class-action suit against Unison

The line between reverse mortgages and home equity sharing products got a little blurrier on Thursday when a Ninth Circuit Court of Appeals panel reversed a lower court’s dismissal order in a proposed class-action suit against Unison. The opinion found that the plaintiffs suing Unison have shown that their arrangement with the company amounts to

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Cypress Loan Servicing settles foreclosure case for $2M

Cypress Loan Servicing has reached a $2 million settlement with the Massachusetts Attorney General’s Office (AGO) over allegations that it violated state foreclosure prevention and consumer protection laws. According to the AGO, Cypress — formerly known as Rushmore Loan Management Services — allegedly put homeowners at unlawful and unnecessary risk of foreclosure by violating Section

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California affordable housing programs face new legal challenge

Hundreds of affordable housing programs across California may be in legal jeopardy after a new federal lawsuit challenged the constitutionality of one of the state’s most widely used housing tools. The suit — filed Thursday in federal court in San Francisco and first reported by CalMatters — targets East Palo Alto, California’s “inclusionary zoning” ordinance.

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LGBTQ+ Alliance regains control of financial accounts amid legal turmoil

The LGBTQ+ Real Estate Alliance has regained control of its financial accounts one month after former CEO Ryan Weyandt seized the accounts, after ruling by U.S. District Court Judge Eric Tostrud of Minnesota on Friday. Weyandt seized the accounts after allegations surfaced that the trade group had fallen into disrepair.  According to the ruling, Weyandt

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Fired Fannie Mae workers sue over discrimination

Dozens of former Fannie Mae employees filed a lawsuit this week, alleging discrimination after being abruptly fired in April over donations made through the government-sponsored enterprise’s charitable program.  The lawsuit, filed Monday in the U.S. District Court for the District of Columbia, claims that on April 2, more than 80 employees received an email from

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Michigan title agents suspended over escrow allegations

Two Oakland County, Michigan, title insurance agents have had their licenses suspended following allegations of misappropriating millions in escrow funds. The agents are also accused of failing to cooperate with auditors and a state investigation — as well as contributing to at least one homeowner’s foreclosure, according to a local news report. The Michigan Department

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Judge dismisses Maryland appraisal discrimination case and defamation countersuit

A federal judge has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit that garnered national attention when it was filed in 2022. Nathan Connolly and Shani Mott — Maryland homeowners who are Black — sued appraiser Shane Lanham, his company 20/20 Valuations and mortgage lender loanDepot for allegedly undervaluing

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NAR moves to dismiss California agent antitrust suit

It’s been just over a month since real estate agent John Diaz refiled his lawsuit in U.S. District Court in Sacramento, but the National Association of Realtors (NAR), along with other state and local associations, are already asking the court to dismiss it.  On Monday, NAR and the California Association of Realtors, Lodi Association of

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NAR again seeks dismissal of discrimination and harassment suit

The National Association of Realtors (NAR) is once again seeking to dismiss allegations brought by former employee Roshani Sheth in her ongoing discrimination lawsuit against the organization. NAR filed another motion to dismiss the suit on Tuesday. This filing deals with Sheth’s second amended complaint, which she filed in early June, after all but her

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