The Federal Trade Commission filed a complaint against Accounting Business Consultants, Inc, doing business as National Amendment Assistance, and numerous other mortgage assistance companies, accusing them of deceiving consumers and charging unlawful advance fees. The court granted a temporary restraining order the next day.
National Faith Housing Alliance, Rise Economy, BLDS, LLC, and SolasAI sued the Consumer Financial Protection Bureau (CFPB) regarding its recent final rule that amended Regulation B, the implementing regulation of the Equal Credit Opportunity Act (ECOA). The plaintiffs argued that the CFPB relied on “conclusory assertions and speculation, not evidence, to depart from decades of settled ECOA implementation.”
On May 28, Rocket Companies filed a reply brief of its motion to dismiss a class action that alleged steering practices, claiming that the borrowers lack Article III standing and failed to demonstrate that cooperative brokerage safe harbor does not apply.
Defendants Compass, Inc. and Midwest Real Estate Data LLC filed their respective responses to Zillow’s motion for a preliminary injunction and a temporary restraining order in the parties’ recent antitrust case, arguing that Zillow’s alleged “irreparable harm” was “self-inflicted.” A judge then granted in part and denied in part the motion for a temporary restraining order.
In a recent filing in Zillow’s antitrust against Midwest Real Estate Data (MRED) and Compass, Zillow argued that the MRED-Compass agreement to block Zillow’s access to MRED’s listing feeds would cause “irreparable harm.”
Rocket Mortgage LLC, doing business as Mr. Cooper, filed a lawsuit against United Wholesale Mortgage, LLC (UWM), alleging that UWM breached a non-solicitation agreement and cost Rocket millions of dollars through implementing initiatives “designed to … solicit mortgagors for refinances.”
Zillow Group, Inc. filed an antitrust and anticompetitive lawsuit against Midwest Real Estate Data LLC and Compass Illinois, Inc., alleging that the parties conspired to use MRED’s monopoly power in Chicagoland residential real estate listing creation and distribution to protect their private listing networks (PLNs) from competition and to compel Zillow to display their PLN listings.
On May 4, veterans filed an amended class action complaint in their antitrust suit against Veterans United Home Loans, which introduced testimony from real estate agents and loan officers and alleged three new violations of state consumer protection laws. Veterans United told RESPA News the amended complaint “adds volume and hyperbole, not substance.”
Two borrowers filed civil action against Rushmore Loan Management Services LLC and Nationstar Mortgage LLC, doing business as Rushmore Servicing, alleging that Rushmore violated a 2021 settlement agreement by charging fees that should have been extinguished under the agreement.
A borrower filed a civil complaint for damages against Nationstar Mortgage LLC, doing business as Mr. Cooper, for allegedly violating RESPA by failing to respond to several qualified written requests in a timely manner and failing to properly disburse tax payments from an escrow account.
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