Author name: Ricky Vasquez

Judge slams delays in revived 2008 Freddie Mac fraud lawsuit

A federal appeals court has revived a shareholder lawsuit against Freddie Mac and former executives, as one of those judges is urging everyone to wrap up the 18-year-old case. Processing Content The 6th Circuit Court of Appeals last week overturned a lower court’s ruling that quashed a lawsuit from a pension fund against Freddie and […]

Judge slams delays in revived 2008 Freddie Mac fraud lawsuit Read More »

HEI platform Hometaps pushes arbitration to fight wave of lawsuits

Hometap and peer shared-appreciation agreement platforms are looking toward legal arbitration that would allow them to privately resolve a series of recently filed lawsuits this summer.  Processing Content The Boston-based home equity investment provider asked a federal judge to compel arbitration on Friday in one of three class action complaints filed against it this year.

HEI platform Hometaps pushes arbitration to fight wave of lawsuits Read More »

NEXA acquires UMortgage, brings on Casa as executive partner

NEXA Lending is acquiring UMortgage, marking a consolidation of two of the most recognized mortgage brokerages in the United States. Processing Content As part of the deal, all of UMortgage’s roughly 275 employees will remain with the company, including its 246 loan officers and CEO Anthony Casa, who previously had public rifts with NEXA CEO

NEXA acquires UMortgage, brings on Casa as executive partner Read More »