Detroit-based Rocket Companies this week moved to dismiss a lawsuit alleging violations of the Real Estate Settlement Procedures Act (RESPA), arguing that plaintiffs failed to demonstrate injury, relied on claims beyond the one-year statute of limitations and did not sufficiently plead unjust enrichment. The class-action suit, filed in late January, alleges that homebuyers who began […]
Rocket Companies moves to dismiss RESPA lawsuit Read More »
Two of the nation’s largest reverse mortgage lenders, Longbridge Financial and Mutual of Omaha Mortgage, have asked a federal judge to dismiss a lawsuit over alleged improper advertising practices, ending a dispute that began in September 2024. According to a joint filing on Tuesday in the U.S. District Court for the Southern District of California,
Longbridge, Mutual of Omaha move to dismiss reverse mortgage marketing lawsuit Read More »
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
Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say Read More »
Williston Financial Group (WFG) and Gold Capital Partners have formed a joint venture to launch Metro United Title and Escrow, a new title and settlement services company that will begin operations in Arizona. Metro United Title and Escrow is scheduled to expand into additional states in early 2026. WFG is providing technology, operational support and
Williston Financial Group launches title joint venture Read More »
The hits against residential real estate listing portal giant Zillow keep coming. On Tuesday, The Capitol Forum published a report claiming that their research and reporting shows that Zillow’s Flex program could violate the Real Estate Settlement Procedures Act (RESPA). According to the report, agents, many of whom were former Zillow Flex agents, told The Capitol
Are Zillow Flex agents required to send buyers to Zillow Home Loans? Read More »
CrossCountry Mortgage has asked a federal judge to dismiss a lawsuit alleging the lender engaged in an illegal kickback arrangement with a Raleigh real estate firm. Homebuyer Jeremiah VonBlohn, who filed suit at the end of July, claims his agent at Raleigh Realty directed him to CrossCountry in 2022 under a co-marketing agreement that gave
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Zillow’s legal workload became even heavier on Friday when homebuyer Alucard Taylor filed a class action lawsuit against the real estate behemoth over its Premier Agent and Flex programs. The lawsuit, which was filed in U.S. District Court in Seattle, alleges both the Washington Consumer Protection Act and the Real Estate Settlement Procedures Act (RESPA)
Legal experts say RESPA suit against Zillow is ‘going nowhere fast’ Read More »
The Consumer Financial Protection Bureau (CFPB), under the leadership of acting director Russell Vought, is continuing to assess regulations it deems outdated or unnecessary. To that end, the bureau published a notice in the Federal Register this week that seeks to rescind a 2021 rule which “temporarily permitted mortgage servicers to offer certain loan modifications
CFPB seeks rescission of pandemic-era mortgage servicing rule Read More »