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HomeLegal

Legal

RE/MAX
Housing Wire

Court approves Anywhere, RE/MAX commission lawsuit settlements

November 21, 2023 Mariel Alumit Comments Off on Court approves Anywhere, RE/MAX commission lawsuit settlements

RE/MAX and Anywhere Real Estate can breathe a sigh of relief. The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. Judge Stephen Bough, who […]

Legal

Squatter calls police on homeowner, attempts to sell house on forged paperwork

November 17, 2023 Mariel Alumit Comments Off on Squatter calls police on homeowner, attempts to sell house on forged paperwork

A Louisiana couple’s dream of revamping a family-inherited property turned into a nightmare ordeal as squatters took over their cherished white brick home and transformed it into a den of chaos. Richard and Kristen Craven […]

CoStar
Housing Wire

CoStar CEO: ‘We had zero involvement’ with commission lawsuits

November 17, 2023 Mariel Alumit Comments Off on CoStar CEO: ‘We had zero involvement’ with commission lawsuits

ANAHEIM, Calif. — Andy Florance, founder and CEO of CoStar Group, wants to set one thing straight: his company had nothing to do with the commission lawsuits now rocking the real estate world. “We had […]

New Jersey
Legal

New Jersey Father and Son Indicted in House Flipping Investor Scam

November 13, 2023 Mariel Alumit Comments Off on New Jersey Father and Son Indicted in House Flipping Investor Scam

New Jersey Attorney General Matthew J. Platkin announced the indictment of a father and son who allegedly defrauded investors and mortgage lenders of more than $2.5 million in a scam involving Jersey Shore real estate. […]

Mr. Cooper
Housing Wire

Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

November 13, 2023 Mariel Alumit Comments Off on Mr. Cooper hit with consumer class-action lawsuits over cyberattack 

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On […]

South Carolina
Housing Wire

Commission lawsuits pile up: NAR, Keller Williams named in new South Carolina case

November 10, 2023 Mariel Alumit Comments Off on Commission lawsuits pile up: NAR, Keller Williams named in new South Carolina case

Another day, another commission lawsuit — this time in South Carolina. On Monday, plaintiff Shauntell Burton filed a federal antitrust lawsuit in the U.S. District Court in South Carolina, alleging that the National Association of […]

Manhattan
Housing Wire

Commission lawsuits spread to Manhattan

November 10, 2023 Mariel Alumit Comments Off on Commission lawsuits spread to Manhattan

It appears that no real estate brokerage firm in the U.S. is safe from a commission lawsuit. On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. District Court in the Southern District […]

home
Celebrities

Family of disabled veteran denounces Katy Perry’s ‘greed’ in fighting for home

November 10, 2023 Mariel Alumit Comments Off on Family of disabled veteran denounces Katy Perry’s ‘greed’ in fighting for home

Disabled veteran Carl Westcott has been ousted from his Montecito, California home as a Los Angeles judge sided with its owner, Katy Perry, on Wednesday in a bitter legal battle. The issue at hand: Westcott, who […]

A Phil Hall Op-Ed
Legal

A Phil Hall Op-Ed: Life After Sitzer/Burnett

November 7, 2023 Mariel Alumit Comments Off on A Phil Hall Op-Ed: Life After Sitzer/Burnett

A Phil Hall Op-Ed : I just did a Google News search for the phrase “real estate” and I came up with a remarkable collection of headlines from major news outlets. These headlines and their sources […]

RE/MAX
Housing Wire

RE/MAX has no regrets over $55M commission lawsuit settlements

November 4, 2023 Mariel Alumit Comments Off on RE/MAX has no regrets over $55M commission lawsuit settlements

In light of the recent verdict in the Sitzer/Burnett commission lawsuit, RE/MAX executives expressed great satisfaction about their decision to settle the suit — as well as the Moehrl and Nosalek lawsuits — for $55 […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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