Senator urges DOJ to investigate FICO over increasing costs to mortgage lenders

Senator urges DOJ to investigate FICO over increasing costs to mortgage lenders

U.S. Sen. Josh Hawley (R-Mo.) has sent a letter to the U.S. Department of Justice‘s Antitrust Division, urging an investigation of Fair Isaac Corp. (FICO), the company that retains the rights to... Read more »
Defendant, Plaintiffs In Nosalek Commission Case Unite Against DOJ

Defendant, Plaintiffs In Nosalek Commission Case Unite Against DOJ

Defendant MLS PIN and plaintiffs Jennifer Nosalek, Randy Hirschorn and Tracey Hirschorn asked a district court judge for permission to respond to a statement of interest the DOJ filed in the case.... Read more »
DOJ and CFPB sue Colony Ridge over predatory lending practices

DOJ and CFPB sue Colony Ridge over predatory lending practices

The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme and made false statements targeting tens of thousands of... Read more »
DOJ and CFPB sue Colony Ridge over predatory lending practices

Amended settlement agreement in Nosalek suit not enough to appease the DOJ

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough.... Read more »
How the commission lawsuits may prompt intervention from DOJ and regulators

How the commission lawsuits may prompt intervention from DOJ and regulators

For Regina Braga, the president of Res/Title, the verdict in the Sitzer/Burnett commission lawsuit did not come as a surprise. “We’ve definitely seen a movement in the last few years to be... Read more »
How the commission lawsuits may prompt intervention from DOJ and regulators

DOJ: $107M secured for communities of color in battle against redlining

The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to combat the practice of lenders’ avoidance... Read more »