The Justice Department is suing property management software company RealPage, claiming it schemed to monopolize the apartment market and fix prices. The Attorneys Generals of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington joined the DOJ in the suit. The DOJ says the company used its commercial revenue management software, which landlords use…
The National Association of Realtors has agreed to pay $418 million to settle broker commission claims brought on behalf of home sellers. Under the terms of the agreement, NAR continues to deny any wrongdoing in connection with the Multiple Listing Service cooperative compensation model rule. They will pay the multi-million sum over the course of approximately…
United Wholesale Mortgage has ended one of its ongoing legal battles by paying $2.7 million to settle a lawsuit claiming the company unfairly treated its employees, including forcing them to work overtime without pay. In a letter to employees, UWM executive vice president Allen Beydoun claimed the company did nothing wrong and workers should not…
By KIMBERLEY HAAS The CEO of California-based America’s MoneyLine is fighting back after being slapped with a $2.8 million lawsuit from lending giant United Wholesale Mortgage. In a statement released on Friday morning, Shawn Nevin claimed that UWM uses illegal, anti-competitive practices. At issue is the “All In” policy implemented by UWM CEO Mat Ishbia….
By KIMBERLEY HAAS The National Fair Housing Alliance and 20 fair housing organizations throughout the country have reached a landmark $53 million agreement to resolve claims that Fannie Mae treated homes it owned in majority-Black and Latino communities unfavorably. Lisa Rice, President and CEO of NFHA in Washington, D.C., said in a statement that Monday’s…
Zillow and some of its top executives are being sued for allegedly making misleading claims in advance of the closure of its iBuying arm, Zillow Offers. Zillow shareholder Dibikar Barua filed a class-action lawsuit against the company in federal court in Seattle alleging that Zillow failed to tell shareholders it was struggling to accurately predict…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!