Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez... Read more »
United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark... Read more »
Last year, Ilan Kenig needed a $100 million credit line. His multifamily development company, FMB Development, was bleeding cash and needed money to get multiple projects off the ground. Kenig looked to... Read more »
Kidder Mathews of California, the West Coast arm of the brokerage firm Kidder Mathews, is suing Oak Valley Development for breach of contract over commission fees tied to an industrial project. According... Read more »
Veteran mortgage executive James Seely has sued Guild Mortgage for allegedly failing to pay $750,000 in compensation after terminating his employment for cause by “manufacturing out of whole cloth spurious claims of... Read more »
Three years into its controversial ultimatum, United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. UWM on Thursday when filed a lawsuit... Read more »
SoulCycle, the indoor cycling gym where a 45-minute class costs $40 a session, is accused of failing to pay rent on an “abandoned” location in Downtown L.A. Onni Group, which owns 888... Read more »
Two companies Rick Hilton founded are engaged in a lawsuit with each other over an office lease in Beverly Hills. The entrepreneur and husband of reality TV star Kathy Hilton left Hilton... Read more »
A pro-development group from Northern California wants to force Los Angeles to allow a tall apartment building to loom over a single-family neighborhood in the San Fernando Valley. The nonprofit Yes In... Read more »