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Loan Comparison Sites Not All Fair

by Lew Sichelman | Mar 2, 2023 | Industry News, Opinion, Residential Real Estate

Uncle Sam’s chief financial watchdog agency has fired a warning shot across the bow of consumer-facing comparison sites and mobile apps that steer consumers to the lenders that pay the sites the most.

CFPB Investigating Quicken’s Real Estate Affiliate

by Lew Sichelman | Jan 14, 2021 | Banking & Lending, Industry News, Opinion, Residential Real Estate

In a little-known civil action, the Consumer Financial Protection Bureau is investigating the real estate affiliate of Quicken Loans for allegedly illegal kickbacks.

Zillow Faces Legal Action Over its Co-Marketing Program

by Kenneth R. Harney | May 9, 2019 | CR Daily, Industry News, Residential Real Estate

Zillow is back in hot water: A class-action suit against the online realty giant is moving forward after insider whistleblowers alleged that the company designed its controversial “co-marketing” program to violate federal anti-kickback laws.

Court Ruling Could Encourage Realty Payoff Scheme Revival

Court Ruling Could Encourage Realty Payoff Scheme Revival

by Kenneth R. Harney | Oct 20, 2016 | Opinion, Residential Real Estate

A decision by a federal appellate court last week is casting new light on practices in the real estate field that buyers and sellers often know little about: creative, under-the-table payoff schemes among realty brokers, mortgage lenders and title companies that can...

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