The National Association of Realtors (NAR) announced over the weekend it has asked a judge to dismiss the bombshell class-action lawsuit that accuses both the trade group and major real estate companies of conspiring to determine buyers’ agents’ compensation. In a statement, NAR explained that it wants the suit thrown out because it “misrepresents” the organization’s rules that govern multiple …
JPMorgan Chase agreed to a settlement with the U.S. government over allegations that it discriminated against “thousands” of black, Hispanic mortgage borrowers from 2006 through 2009. The bank’s independent brokers charged minority borrowers higher mortgage interest rates and fees during that period, compared to “similarly situated white borrowers,” according to a government lawsuit filed Wednesday in a New York federal court. JPMorgan is expected to settle the lawsuit for $55 million without admitting any liability. “We’ve agreed to …