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Several class action mortgage discrimination claims have been filed against lenders across the country, alleging that those lenders disproportionately targeted minorities for high cost, high risk subprime lending, which has resulted in disproportionately higher rates of default and foreclosure for minority African American and Hispanic borrowers.
The lawsuit is seeking class-action status for similar UWM borrowers in 27 states (not including Michigan) from March 2021 to the present and whose broker referred 75% or more of their loans to UWM.
Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.
On March 15, 2024, the National Association of Realtors announced that it would settle the lawsuit rather than appeal. The group agreed to change how commissions are paid and to pay back $418 million over four years. [16] The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
New Century Financial Corporation was a real estate investment trust that originated mortgage loans in the United States through its operating subsidiaries, New Century Mortgage Corporation and Home123 Corporation. It was founded in 1995. [2] In 2004 it converted to a real estate investment trust. [2]
A new federal class-action lawsuit filed in South Carolina alleges that the powerful National Association of Realtors (NAR) and real estate brokerage firm Keller Williams Realty violated federal ...
In 2019, Century 21's parent company Realogy was named as a co-conspirator in multiple class-action lawsuits alleging that it artificially inflated commissions paid by home sellers. [12] In September 2023, it agreed to pay $83.5 million to settle two of the lawsuits. One of the cases, Burnett v.
Investors have filed a class-action lawsuit against Goldman Sachs (GS), the investment bank said in regulatory filings Tuesday. The complaint alleges that Goldman didn't disclose that it had ...