HouseCanary is now suing Quicken Loans directly for theft of trade secrets

On May 25, San Francisco-based HouseCanary filed a federal lawsuit against Detroit-based mortgage lender Quicken Loans Inc. and its sister companies, One Reverse Mortgage LLC and In-House Realty LLC, alleging misappropriation of trade secrets, breach o…

HouseCanary is now suing Quicken Loans directly for theft of trade secrets

On May 25, San Francisco-based HouseCanary filed a federal lawsuit against Detroit-based mortgage lender Quicken Loans Inc. and its sister companies, One Reverse Mortgage LLC and In-House Realty LLC, alleging misappropriation of trade secrets, breach o…

Realtor.com hit with class-action lawsuit over allegedly non-viable leads

Two real estate agents have filed a class-action lawsuit against realtor.com operator and News Corp. subsidiary Move Inc., alleging the company has defrauded thousands of agents by failing to deliver the number of viable leads from Realtor.com it promises.

Folio Gmail extension for real estate adds feature to combat fraud

Folio by Amitree is now wired to search for and alert agents to emails that include financial information. …

Majority of states see annual dip in mortgage fraud risk

As mortgage rates continue to descend, loan application defects and fraud risk are following suit. According to First American’s June 2016 Loan Application Defect Index, misrepresentations in loan applications dipped 1.4 percent in June compared with t…

Ex-agent scams buyers in Craigslist dream home story gone awry

For Coty Houston and David Yost, the four-bedroom home they found on Craigslist was love at first listing sight. It didn’t signify a new place to lay their heads but a new life, one that would take them out of their current neighborhood plagued with dr…

CoreLogic collaborates with ID Analytics to spot fraudulent renters

Property managers are trusted with a major asset, and renting it to the wrong person could be disastrous. Between showing units and juggling multiple interested renters, it’s not always easy to check for identity fraud risk in the midst of the applicat…

Will ‘smart contracts’ replace real estate closers?

Most of a real estate closing revolves around trust and verification. Buyers and sellers use trusted intermediaries to verify that properties, funds, contractual obligations and insurance safety nets are all properly vetted before closing a sale …

Facing foreclosure fraud claims, HSBC settles at $601 million

HSBC Holdings will pay government regulators and law enforcement agencies a total of $601 million in response to allegations of mortgage origination, servicing and foreclosure abuses …

Facing foreclosure fraud claims, HSBC settles at $601 million

HSBC Holdings will pay government regulators and law enforcement agencies a total of $601 million in response to allegations of mortgage origination, servicing and foreclosure abuses …