A borrower accused his mortgage servicer and subservicer of misrepresenting mortgage delinquency and failing to correct errors included in a qualified written request (QWR). The borrower alleged Fair Debt Collection Practices Act (FDCPA) and RESPA violations. The servicers argued in their motion to dismiss that no FDCPA violation occurred as there was no misleading information in the mortgage statements and that they provided the response to the QWR as required by RESPA.
Veterans United Home Loans filed a motion to dismiss a RESPA class action amended complaint, arguing that the possibility of future referrals is not a “thing of value” and that RESPA safe harbor applies to its agent network structure. RESPA News reached out to Veterans United to comment on the suit.
A borrower sued his mortgage servicer, accusing it of failing to adequately respond to a qualified written request (QWR) and of failing to properly manage his escrow account. The borrower alleged the servicer violated RESPA, the Truth in Lending Act and the Fair Debt Collection Practices Act. The servicer filed a motion to dismiss, arguing that its response to the QWR complied with RESPA.
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.
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