NEXA Lending is suing former employees for orchestrating an employee raid

NEXA Leaningformerly known as NEXA Mortgage, accuses several former NEXA loan officers, managers and former president Mat Grella of carrying out a coordinated “employee raid” to damage its business. The lawsuit, filed Nov. 5 in Maricopa County Superior Court in Arizona, alleges that Grella, former branch manager Gregory Nichols and Michigan-based Platinum One Loans, in […]

VA loans are rising as the housing market shifts to buyers

“Military members have made sacrifices to protect our home,” said Bill Banfield, Chief Business Officer at Rocket. “VA loans are one of the most powerful benefits available to veterans and service members, opening doors to homeownership with no down payment, no monthly mortgage insurance and flexible credit requirements. “This is an excellent time for veterans […]

Zillow is facing a lawsuit alleging illegal kickbacks in the mortgage industry

The lawsuit alleges that Zillow violated the Real Estate Settlement Procedures Act (RESPA) and the Washington Consumer Protection Act. Additionally, the lawsuit alleges that Zillow assisted real estate agents in breaching their fiduciary duty to consumers. According to the complaint, Zillow pressures agents in its Premier Agent and Flex lead programs to send buyers to […]