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CFPB Sues Freedom Mortgage Over ‘Providing False Data’

CFPB Sues Freedom Mortgage Over ‘Providing False Data’

by Phil Hall | Oct 10, 2023 | Current News & Events, Industry Updates, Mortgage Information, 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 | Current News & Events, Industry Updates, 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...
Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules

Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules

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

A judge dismissed a lawsuit filed by Airbnb Inc. (NASDAQ:ABNB) against New York City over a 2022 law that the company said created an unofficial ban on short-term rentals in the city. According to a Reuters report, the company said the city’s enforcement of Local Law...
Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze

Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze

by Phil Hall | Jul 24, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Apartment Association of Greater Los Angeles (AAGLA) has filed a lawsuit against the City of Los Angeles seeking to nullify and enjoin the city from enforcing a pandemic-era ordinance prohibiting rental housing providers from increasing rent. According to AAGLA,...
A Phil Hall Op-Ed: Real Estate and the New Illegal Immigrants

A Phil Hall Op-Ed: Real Estate and the New Illegal Immigrants

by Phil Hall | Jun 12, 2023 | A Phil Hall Op-Ed, Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Last week, New York City Mayor Eric Adams filed a lawsuit against 30 counties in upstate New York for refusing to accept illegal immigrants currently housed across the Big Apple. “Since this crisis began, New York City has — virtually on its own — stepped up to...
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