Calyx Software, San Jose, Calif., has decided to drop its request for an injunction against Ellie Mae, Dublin, Calif.Calyx has sued Ellie Mae, alleging that the company committed copyright infringement by copying the look and feel of its Point product with the release of Encompass. To ensure that Ellie Mae doesn't sell Encompass until the case is decided, Calyx petitioned the court for an injunction. Calyx now says it was unable to get a proper discovery period and has therefore dropped the request until discovery can be conducted, at which time it reserves the right to reinstate the request. On the other side, Ellie Mae chief executive Sig Anderman called the entire request "frivolous." Mr. Anderman maintained that Calyx withdrew its request because Ellie Mae was going to ask the court to impose sanctions on Calyx should the court decide in Ellie Mae's favor. The first hearing in the copyright infringement case is scheduled for late this month.
-
In early deployments with Freedom Mortgage, the platform from Palantir Technologies and Moder is live with multiple key processes.
March 20 -
The average homebuyer would save $150 per month by using an adjustable-rate mortgage instead of a 30-year fixed-rate mortgage, according to Redfin.
March 20 -
Rising insurance premiums and total ownership costs are driving borrower hesitation in high-cost regions. See how lenders can adapt strategically.
March 20 -
Overlooked controls and fragmented oversight leave mortgage lenders exposed to enforcement, litigation, and reputational damage. Learn how to close the gaps.
March 20 -
Guaranteed Rate Affinity, joint venture between Guaranteed Rate and Anywhere Integrated Services, announced its national builder divisional manager.
March 20 -
The wholesale lender says it agreed to a $660,000 deal last summer for employees seeking overtime pay, an agreement the plaintiffs say never existed.
March 20





