Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.


Court seals letter from anonymous whistleblower in Zillow lawsuit

Zillow: Letter full of false and misleading claims

The battle between online listings giants over trade secrets continued Tuesday with the latest round going to Zillow Group (Z), as the judge in the lawsuit agreed to seal in whole and redact key parts of a letter from an anonymous whistleblower claiming former Move executive Errol Samuelson took trade secrets from Move and the National Association of Realtors.

In an ironic twist, the judge said the anonymous source letter contained and violated Zillow’s trade secrets.

On Friday, HousingWire reported that the letter in question submitted in the case “appears to confirm” the contention by Move that Samuelson, now the chief industry development officer for Zillow, took multiple documents and entire databases from his former employer.

Move and the National Association of Realtors filed suit against Zillow on March 17, 2014, after Samuelson, Move's chief strategy officer, resigned from Move on March 5, 2014, and joined Zillow as the company's second-highest paid executive on the same day.

“Zillow has and will continue to act with the utmost integrity in conducting its business and in defending against this litigation,” Zillow Communications Manager Amanda Woolley told HousingWire Tuesday. “News Corp’s recent court filing of a purported ‘anonymous letter’ is full of false and misleading information and was a clear attempt to discredit, disparage and damage Zillow publicly and competitively.

“We have taken swift and appropriate legal action and will be addressing these matters in the courts based on the facts, not unsubstantiated claims,” Woolley said. “We are pleased that, following the court's review of the facts, they have ruled in favor of Zillow's motion to seal information about proprietary systems and data released by our competitor.”

The original lawsuit alleged breach of contract, breach of fiduciary duty and misappropriation of trade secrets and accused Samuelson of misappropriating trade secret information by acquiring it using improper means, and by copying it without authorization.

The lawsuit alleged that Samuelson's knowledge of Move's trade secrets and strategies would make it impossible for him to function in his new job at Zillow without divulging those secrets, but that contention was dismissed in April 2014.

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

GSE forbearance rate declines to 1%

Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders exit COVID-19 plans at the beginning of the month, according to the MBA.

Oct 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please