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Another Real Estate Class Action Lawsuit Has Been Filed
Lawyers Who Just Won The $1.8 Billion Lawsuit Against The NAR Have Filed Another Real Estate Class Action Lawsuit The lawyers who just won the $1.8 billion lawsuit against the NAR over realtor commissions aren’t wasting anytime. They have filed a new real estate class action lawsuit. This time they are seeking class-action status covering…
loanDepot Is Reporting A 6th Consecutive Quarterly Loss
loanDepot Is Reporting A 6th Consecutive Quarterly Loss. Company Had A $26 Million Loss In Q3. Will loanDepot Survive 2024? SEC filings show loanDepot is reporting its sixth consecutive quarterly loss in the third quarter of 2023. The company said total revenue declined as a result of lower origination volume. However, they have made inroads with…
Mr. Cooper Was Forced Into Lockdown By Halloween Cyberattack
Mr. Cooper Was Forced Into Lockdown By Halloween Cyberattack. Hackers May Have Compromised Customer Files A cyber attack has forced Texas-based lender and servicer Mr. Cooper into lockdown last week. The company says the cybersecurity incident happened on Halloween. As a result, the company was forced to lock down certain technology systems. Mr. Cooper also issued…
Radio Rapper DJ Envy Promoted Alleged NJ Real Estate Scam
Syndicated Radio Rapper DJ Envy Is Accused Of Swindling Investors Out Of Millions Of Dollars Pissed off investors are accusing popular radio rapper DJ Envy aka Rasshaun Casey for operating a real estate scam. Envy has often promoted the real estate venture of his pal, Cesar Pina on his nationally syndicated iHeartRadio show. However, investors…
Romspen Investors Are Mad As Hell And Want Their Money
Romspen Investors Are Mad As Hell! They’re Telling Romspen, “It’s My Money And I Want It NOW!” Most Americans outside the world of commercial finance have never heard of Romspen. Let alone, their Romspen Investment Fund. That’s because Canadian commercial lenders like Romspen have a reputation of being the Fredo Corleone of the commercial lending…
Movement Mortgage Has Settled With Feds For $24 Million
Movement Movement Has Settled With The Feds For $24 Million Over Allegations Of Underwriting Fraud On Government Loans Movement Mortgage has settled with the federal government for $23.75 million. The settlement is came after the government accused the lender of underwriting fraud. The government alleged movement improperly originated and underwrote mortgages insured by FHA and…
United Wholesale Mortgage Has Cut 30 Percent Of Its Staff
United Wholesale Mortgage has reduced its staff by 2,600 since 2021. This 30% Of It’s Staff Since January 2021, United Wholesale Mortgage has let go of 2,600 employees. The company has gone from 8,600 employees to 6,000. This contradicts CEO Mat Ishbia that UWM hasn’t laid anyone off. Ishbia even stated it again in a…
New York Loan Modifications: What You Need To Know!
The Tricks To Getting Successful New York Loan Modifications Done That Most Foreclosure Defense Lawyers Don’t Know! First off, let’s get one thing straight. Mortgage loan modifications are probably your best option if you are in foreclosure. Why? It’s extremely unlikely that you’re not going to score a debt-free house in your foreclosure. Even if…
Did Accused Fraudster Michael Strauss Start A New Company?
Did Accused Fraudster Michael Strauss Start A Mortgage Company After Abruptly Shutting Down Sprout Mortgage? Did accused fraudster Michael Strauss start a new mortgage company? It appears he has and former Sprout Mortgage employees are pissed. Strauss abruptly shut down Sprout Mortgage in early July. He stiffed his employees out of their last paychecks. Sprout also…
Keller Mortgage Does Another Round Of Layoffs
Keller Mortgage Does Another Round Of Mass Layoffs. Is The Mortgage Affiliate Of Keller Williams In Trouble? Keller Mortgage conducted its second round of layoffs in 2022. Th company says the cuts were a result of ‘macroeconomic’ conditions. The Ohio-based lender is an affiliate of real-estate franchiser Keller Williams Keller Williams spokesman Darryl Frost confirmed that…
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