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AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

by Phil Hall | Dec 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The AARP Foundation announced it has joined a proposed class action lawsuit against Compu-Link (Celink), the nation’s largest reverse mortgage subservicer, and Reverse Mortgage Funding (RMF), formerly the largest reverse mortgage servicer nationwide. The case was...
Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill

Rocket Mortgage Faces Second Lawsuit Alleging Telemarketing Overkill

by Phil Hall | Nov 15, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the second time in five months, Rocket Mortgage, a division of Rocket Companies (NYSE: RKT), is being sued because of overly aggressive telemarketing outreach. The National Law Review reported a class action lawsuit was brought by Kellie Deits, an Arizona resident...
AARP Foundation Joins Class Action Lawsuit Against Reverse Mortgage Companies

NAR Slapped with New Antitrust Lawsuit

by Phil Hall | Nov 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) is facing a new federal class-action lawsuit that accuses the trade group of violating antitrust laws. The lawsuit was filed earlier this week in South Carolina and accuses NAR and a listing broker affiliated with Keller...
CFPB Sues Freedom Mortgage Over ‘Providing False Data’

CFPB Sues Freedom Mortgage Over ‘Providing False Data’

by Phil Hall | Oct 10, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Freedom Mortgage Corp. that alleged its mortgage loan data that was “riddled with errors” and put the Boca Raton, Florida-based company in violation of both the Home Mortgage Disclosure Act (HMDA)...
RE/MAX in $55 Million Settlement Agreement Over Antitrust Charges

RE/MAX in $55 Million Settlement Agreement Over Antitrust Charges

by Phil Hall | Sep 18, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

RE/MAX (NASDAQ:RMAX) has agreed to a $55 million settlement to resolve claims brought in two class action lawsuits that the company colluded with the National Association of Realtors to inflate commissions paid by home sellers. The company announced the settlement in...
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