General World News

CrossCountry seeks dismissal in kickback suit

CrossCountry Mortgage has asked a federal judge to dismiss a lawsuit alleging the lender engaged in an illegal kickback arrangement with a Raleigh real estate firm.

Homebuyer Jeremiah VonBlohn, who filed suit at the end of July, claims his agent at Raleigh Realty directed him to CrossCountry in 2022 under a co-marketing agreement that gave the lender prominent placement on the firm’s website.

Several other borrowers also filed suits in June and July, accusing the national lender of paying Raleigh Realty $15,000 per month in 2021 and 2022 in exchange for exclusive client referrals.

All of the plaintiffs, including VonBlohn, are seeking details ⇒

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