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Rocket Mortgage, the third-largest U.S. mortgage lender, is suing the U.S. Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case.  The lawsuit was filed Wednesday in U.S District Court in Colorado. A HUD spokesperson did not immediately respond to HousingWire’s request for comments.  Detroit-based Rocket claims HUD has misused the Fair Housing Act, placing the lender in “conflicting and irreconcilable positions” regarding government mandates on appraiser oversight and independence.  “The reason we chose to file the lawsuit against HUD is we, as…

James Mullis has appealed the final approval of settlements totaling $110 million — a move that suggests the battle over how agents practice and get paid is far from over. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Just a day after news broke of an appeal over the National Association of Realtors’ antitrust settlement, another appeal in a…

A bill aimed at limiting the use of credit trigger leads was excluded from the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA), the Broker Action Coalition informed its members on Wednesday. However, the group assured members that a backup strategy is already in place.“This bill, along with a slew of other provisions, were stripped out of the current version of the NDAA package,” which means that the “Trigger Lead Bill is unlikely to pass this year,” executives at the trade group wrote in a letter directed to partners and advocates. In September, Senate Armed Services Committee Chairman Jack…

Amy Dewan (pictured above)Lawyer, Bedford-Stuyvesant Did you have a good day before you got here?I went to Burlington Coat Factory to look for something to wear. It was really crazy there. The checkout line was all around the perimeter — like, in a spiral. I almost thought about stealing. Obviously, I didn’t do it, but I wondered if maybe I could leave the money in a box and walk out. I’ve been buying a lot of stuff recently because I just submitted my application to transfer my bar credentials from Maryland to New York. My outfit is an “I’m going…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. There are thousands of reasons listings expire. An agent may do everything possible, and the property still doesn’t sell due to lack of activity in that price range or location. Other times, the listing agent didn’t market the property adequately, or conditions under the seller’s control prevented…

The past year may have been a turbulent one for HomeServices of America, but according to executive vice president Chris Kelly, this just means the company is in an even better position heading into 2025. “When I look back on this year, for me and I think for HomeServices too, it emphasized something I think we all inherently learn over time, which is that you can always hope for the best, but you need to prepare for the worst, and that really kind of defined us over the past year,” Kelly said. As an example, Kelly said he and his…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. You might think this educational article is for people who need to simplify their social media marketing strategy. It’s not. The real lesson we will discuss is that people have short attention spans and don’t care about your marketing. How will you get your point across to…

A coalition of six federal regulatory agencies, along with state financial regulators, have issued an interagency statement on the realities of elder financial exploitation (EFE) and its potential economic impacts on older Americans. The federal regulators that stamped their names on document include the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board of Governors, the Federal Deposit Insurance Corp. (FDIC), the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC). Their statement is designed to highlight “examples of risk management and other practices that can be effective…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Pulse is a recurring column where we ask for readers’ takes on varying topics in a weekly survey and report back with our findings. Real estate pros spend so much time giving to others — clients, colleagues and the community, just to start. We know that there’s…

Judge Stephen R. Bough’s ruling that granted final approval to the National Association of Realtors‘ (NAR) commission lawsuit settlement agreement is facing yet another appeal. On Tuesday, Robert Friedman filed an appeal of Bough’s ruling with the Eighth Circuit Court of Appeals. Friedman had previously filed a copycat commission lawsuit in New York in December 2023, but he voluntarily dismissed it a month later. Like Monty March, the lead plaintiff of the other New York-based commission lawsuit, Friedman filed an objection to NAR’s settlement in late October. In his objection, Friedman took issue with the use of a nationwide settlement class.…