The Mortgage Firm, a Florida-based mortgage lender, has agreed to invest $1.5 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday. The DOJ accused the company of discrimination against predominantly Black and Hispanic neighborhoods in the Miami-Fort Lauderdale-West Palm Beach metropolitan area. The complaint, filed in the…
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The Hooper commission lawsuit plaintiffs and the brokerage defendants that have reached proposed settlement agreements are looking to make things official. On Wednesday, the Hooper plaintiffs — along with remaining defendants Mark Spain Real Estate, eXp World Holdings, Weichert of North America and Atlanta Communities Real Estate Brokerage — filed a motion for preliminary approval…
The Department of Justice (DOJ) is looking to further its involvement in REX Real Estate’s appeal of its antitrust suit against the National Association of Realtors (NAR) and Zillow. On Wednesday, the DOJ filed a motion with the Ninth Circuit Court of Appeals for permission to participate as an amicus curiae in the oral arguments scheduled for Feb. 13….
Freddie Mac announced on Thursday that it has hired Craig Phillips, who previously held positions at Morgan Stanley, BlackRock and the U.S. Department of the Treasury, as its executive vice president of corporate strategy and external affairs. The hiring will be effective on Tuesday, Jan. 14. Phillips will oversee external affairs efforts, such as industry…