Guild Mortgage has filed a petition in a district court in Washington to confirm a $10.7 million award resulted from an arbitration dispute against three former employees accused of poaching when they transitioned to rival CrossCountry Mortgage. The case began in August 2021 when Guild filed a demand for arbitration claiming Christopher Flowers, Cory Flynn and Lisa […]
Like the corporate brokerage defendants in the Sitzer/Burnett commission lawsuit, the National Association of Realtors also filed post-trial motions. The motions were filed on Monday prior to the filing deadline, but they did not appear on the court docket until Tuesday evening. The trade group joined defendants HomeServices of America and Keller Williams in filing […]
As we come out of the holidays, we’re cleaning up, throwing out tired-looking decorations and looking for a place for presents in the closets or cabinets. However, if you’re like many Americans, you’re probably planning to take at least some of those presents back to the store for a refund or exchange. The National Retail Federation found […]
Invitation Homes, the nation’s largest single-family rental landlord, has reached a settlement to address accusations it violated California‘s “rent gouging” laws, the state’s Attorney General Rob Bonta announced on Monday. As part of the settlement filed in Los Angeles County Superior Court, Invitation Homes will pay $2.04 million in civil penalties. The company will also […]
Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance. Additionally, the platform is accessible to all […]
AutomatIQ Borrower from CoreLogic is a one-stop borrower verification and qualification platform. The platform was built focused on two key aspects: what data do lenders need, and why do lenders need this data? Lenders need answers to three key questions: Does the borrower have the capacity to pay? Does the borrower have the propensity to […]
Serena by the Sea, a waterfront condominium project by Valor Capital, which is still completing construction, has listed its largest unit for sale. The unit, listed for $2,999,000, has an open-concept layout, panoramic views and an interior that blends modern aesthetics with custom-made Italian finishes, hardwood bedroom floors and large porcelain tiles in all living […]
Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. It relies on examinations of agents’ sales for five […]
Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In an exclusive interview with HousingWire, Ron Leonhardt, a former mortgage broker who founded CCM in 2003, confirmed conversations with the parties started years ago, although the transaction closed on Tuesday. Leonhardt first […]
The wave of commission lawsuits have arrived in Arizona. In a copycat suit filed last Friday in U.S. District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. Masiello sold a home on an Arizona MLS through HomeSmart “in […]
