Mortgage analytics giant Optimal Blue LLC and nearly 30 mortgage lenders and data providers conspired to inflate mortgage prices, a potential class of harmed home buyers claim in a lawsuit.
Optimal Blue collected a range of nonpublic mortgage data, including rates on individual loans and loan officer compensation, and then used that information to allow lenders to charge higher rates than they otherwise would’ve been able to, according to a complaint filed Oct. 3 in the US District Court for the Middle District of Tennessee.
Typically, that sort of data “would never be available in real-time to competitors in a ...
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