Antitrust breach has recently been at the forefront of the mortgage industry. The ongoing trial began its first week as plaintiff’s presented evidence of defendants’ violations of their own antitrust rules. Plaintiff’s made a strong case with supporting documentation, suggesting that the defendants are knowingly disobeying their own regulations.
This situation has set off alarms among those in the industry. Experts believe that if the defendants are indeed found guilty, it would lead to significant consequences. Tighter regulations could ensue, potentially changing the landscape of the mortgage industry as we know it. The outcome of this case could have an influence beyond the mortgage industry, as other marketplaces could potentially follow suit.
Key Points:
• Antitrust breach at forefront of mortgage industry
• Plaintiff’s presented evidence suggesting defendants are knowingly violating antitrust regulations
• Industry experts believe a guilty verdict could lead to increased regulations and alter the landscape of the mortgage industry
• The outcome of the case could also influence other marketplaces
You can read this full article at: https://www.housingwire.com/articles/sitzer-plaintiffs-expected-to-rest-case-on-monday/(subscription required)
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