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DOJ: Former attorney pleads guilty to wire fraud tied to reverse mortgage misuse

Department of Justice, HWmember, Lawsuit, Legal, Reverse, Washington, Wire Fraud /

A former attorney in Washington state this week pleaded guilty in federal court to defrauding a disabled client out of an estimated $800,000 — in part through the misuse of a reverse mortgage, according to an announcement by the Department of Justice (DOJ) and the U.S. Attorney’s Office for the Western District of Washington. The […]

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Hooper commission lawsuit settlements granted preliminary approval

Commission Lawsuit, eXp Realty, eXp World Holdings, HWmember, Lawsuit, Legal, NAR Lawsuit Settlement, Real Estate /

A federal judge has granted preliminary settlement approval in the Hooper commission lawsuit that involves several high-profile real estate brokerages — including eXp World Holdings, Mark Spain Real Estate, Weichert of North America and Atlanta Communities Real Estate Brokerage. The order signed by U.S. District Court Judge Mark H. Cohen grants early approval for the settlement

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This Georgia homeowner went to war with her HOA—and won

Atlanta, Georgia, HOA, Homeownership, HWmember, Lawsuit, Legal, Real Estate /

A Rockdale County, Ga., judge has approved a $40,000 settlement between the Channing Cove Homeowners Association (HOA) and Michelle Bernard — a longtime homeowner who sued the HOA over a disputed lien on her property. Bernard’s legal battle began after the HOA placed a lien on her home for a little under $3,000, citing unpaid

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Longbridge wins partial preliminary injunction against Mutual of Omaha

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The federal judge overseeing the case brought by reverse mortgage lender Longbridge Financial against market leader Mutual of Omaha Mortgage over allegedly deceptive advertising practices has ruled that some of Longbridge’s claims warrant limited injunctive relief, finding that “the law and facts clearly favor some of Longbridge’s claims.” The order was handed down Tuesday by

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Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank /

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) — which initially filed the lawsuit against Ginnie

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Redfin stockholder files suit over disclosures in Rocket deal

Glenn Kelman, Goldman Sachs, HWmember, Lawsuit, Legal, Mergers and Acquisitions, Mortgage, Real Estate, Redfin, Rocket Companies /

While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast.  On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of breaching their contracts, engaging in

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