As the real estate industry prepared for the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement, one of the biggest questions was how the changes would impact veteran homebuyers wishing to use their loan benefit from the U.S. Department of Veterans Affairs (VA). The NAR settlement requires […]
VA loan homebuyers navigate NAR settlement with ease Read More »
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
OneTrust challenges mortgage coaching neutrality in suit over trade secrets Read More »
Noelle Nielsen, one of the women who claims to have brought the alleged sexual assault and harassment issues at eXp Realty to light back in 2020, is claiming that the company has retaliated against her, in a new lawsuit filed last Thursday. Filed in Minnesota District Court in the County of Hennepin, the suit names
Whistleblower in eXp sexual assault suit sues over alleged retaliation Read More »
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
Appeals court throws curve ball in potential class-action suit against Unison Read More »
The headlines were predicting massive declines in real estate agent commissions — some even expected home prices to fall as a result, but a year after the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement went into effect the data is painting a different picture. Prior to September 30, 2024, a little over
The big question: Have agent commissions changed since the settlement? Read More »
The National Association of Realtors (NAR) may have been dismissed from three antitrust suits this summer, but it appears the plaintiffs in at least one of them aren’t quite ready to give up their fight. Plaintiff Homie Technologies filed a notice of appeal on Thursday, notifying the U.S. District Court in Utah that it was
Homie appeals dismissal of antitrust suit against NAR Read More »
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
Cypress Loan Servicing settles foreclosure case for $2M Read More »
Nearly a year has passed since the National Association of Realtors’ (NAR) commission lawsuit settlement agreement business practice changes went into effect and the doomsday predictions have yet to pan out. Homebuyers and sellers are still hiring real estate agents to help them with their real estate transactions and real estate agents are still getting
Agents are still being compensated, but how they are is evolving Read More »
UBS Group said on Monday that it will pay $300 million to settle lingering obligations tied to a Credit Suisse deal with the U.S. Department of Justice (DOJ) over the sales of residential mortgage-backed securities (RMBS). UBS inherited the obligations when it acquired Credit Suisse in a 2023 rescue arranged by Swiss regulators. The bank
UBS will pay $300M to settle Credit Suisse case Read More »
Compass and Zillow are taking their legal battle to the courtroom. On Thursday, Judge Jeannette A. Vargas, a New York City-based U.S. District Court judge, ruled that the evidentiary hearing for Compass’s motion for a preliminary injunction in its suit against Zillow will begin on November 18, 2025, and end on November 21, 2025. In
Preliminary injunction hearing in Compass v. Zillow to begin in late November Read More »