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eXp Realty in $34 Million Settlement Over Commissions

eXp Realty in $34 Million Settlement Over Commissions

by Phil Hall | Oct 7, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced a $34 million settlement in the Hooper vs. the National Association of Realtors case. The settlement is the latest among the major brokerages who were sued over their business practices...
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages

Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages

by Phil Hall | Oct 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

Massachusetts Attorney General Andrea Joy Campbell announced a settlement with mortgage servicer Franklin Credit Management Corporation that resolves allegations that the company violated state consumer protection laws by improperly attempting to collect on debts in...
Invitation Homes Agrees to $48 Million Settlement with FTC

Invitation Homes Agrees to $48 Million Settlement with FTC

by Phil Hall | Sep 25, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) has announced Invitation Homes, the country’s largest landlord of single-family homes, has agreed to a settlement where the company will turn over $48 million to refund consumers harmed by its deceptive actions. The company was...
DOJ Announces $2.4 Million HECM Settlement with Nutter

DOJ Announces $2.4 Million HECM Settlement with Nutter

by Phil Hall | Sep 25, 2024 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) announced the former mortgage lender James B. Nutter & Company, has agreed to a $2.4 million settlement to resolve allegations that it knowingly underwrote Home Equity Conversion Mortgages (HECM) insured by the Federal Housing...

NAR Publishes Consumer Resource Series on Post-Settlement Practices

by Phil Hall | Sep 20, 2024 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has published a new series of consumer resources designed to help realtors educate homebuyers and sellers to the post Sitzer/Burnett settlement practices. The new series consists of six installments available in English and...
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