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Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

by Phil Hall | Nov 21, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A federal court has approved a $2.3 million settlement that resolves charges that SafeRent, an artificial intelligence (AI) screening tool used by landlords, used its algorithm scores to determine if a rental housing applicant using vouchers should be approved as a...
Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam

Rhode Island Broker Sued Over ‘Foreclosure Rescue’ Scam

by Phil Hall | Nov 14, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Rhode Island Attorney General Peter F. Neronha has filed a lawsuit against local real estate broker for allegedly violating the state’s Unfair and Deceptive Trade Practices Act. Neronha has accused Kyle Seyboth, founder of the Century 21-affiliated brokerage The...
California Sues City for Ban on New Special Housing

California Sues City for Ban on New Special Housing

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

California’s state government has filed a lawsuit against the City of Norwalk, claiming it enacted an unlawful ban on new housing that prevents the creation of emergency shelters, single-room occupancy housing, transitional housing, and supportive housing. The...
Maryland Resort Town Sues Feds Over Offshore Wind Project

Maryland Resort Town Sues Feds Over Offshore Wind Project

by Phil Hall | Oct 28, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The resort town of Ocean City, Maryland, is suing the federal Bureau of Ocean Energy Management (BOEM) regarding the US Wind offshore project. The US Wind project involves the construction of 114 offshore wind turbines 10.7 miles off of Ocean City’s coast – the...
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