Mortgage

Revamped California ADU Laws and Low Mortgage Rates Spark Real Estate Market Boom

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San Diego, California – New laws regarding Accessory Dwelling Units (ADUs) in California are set to impact the state’s real estate market. These laws, along with fluctuating mortgage rates, are expected to bring significant changes to the housing landscape. The recent amendments to ADU regulations aim to address the critical issue of affordable housing in the state. ADUs, also known as granny flats or in-law units, are secondary units built on residential properties. With the new laws, homeowners will have greater flexibility in constructing ADUs on their properties. These changes include relaxation of parking requirements, … Read more

Guild Mortgage Seeks $10.7 Million in Lawsuit Against Former Employees Accused of Poaching

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SEATTLE, WASHINGTON – Mortgage lender Guild Mortgage has filed a petition in a district court in Washington to confirm a $10.7 million arbitration award against three former employees accused of poaching. The employees, Christopher Flowers, Cory Flynn, and Lisa Jolliffe, allegedly diverted Guild’s customers and employees when they joined rival company CrossCountry Mortgage. Guild claims the group stole significant amounts of information, recruited its employees, and created confusion among its customers. The lender has asserted claims for breach of contract, fraud, unfair competition, and tortious interference. The case began in August 2021 when Guild filed … Read more