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Ameris Bank in $9 Million Settlement Over Redlining Charges

Ameris Bank in $9 Million Settlement Over Redlining Charges

by Phil Hall | Oct 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Justice (DOJ) announced a $9 million settlement with Ameris Bank, a wholly owned subsidiary of Ameris Bancorp (NASDAQ: ABCB) to resolve allegations that the lender engaged in redlining against predominantly Black and Hispanic communities in...
ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap

ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap

by Phil Hall | Oct 18, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of attorneys general from 50 states and territories announced a $20 million settlement with payment processor ACI Worldwide related to a 2021 testing error that created the unauthorized withdrawal of $2.3 billion from customers of Nationstar Mortgage (also...
Anywhere Real Estate in $83.5 Million Settlement Over Antitrust Charges

Anywhere Real Estate in $83.5 Million Settlement Over Antitrust Charges

by Phil Hall | Oct 6, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Madison, New Jersey-based Anywhere Real Estate Inc. (NYSE: HOUS), formerly known as Realogy Holdings Corp., announced the terms of a settlement agreement to resolve claims brought in two class action lawsuits that the company colluded with the National Association of...
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...
Mortgage Industry Advisory Corp. in $100,000 SEC Settlement Over Compliance Problems

Mortgage Industry Advisory Corp. in $100,000 SEC Settlement Over Compliance Problems

by Phil Hall | Sep 12, 2023 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The U.S. Securities and Exchange Commission (SEC) has announced a $100,000 settlement against Mortgage Industry Advisory Corp. (MIAC) over compliance irregularities dating back 17 years. According to the SEC, the New York City-based registered investment adviser...
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