Optimal Blue Antitrust Litigation

/by

Overview
LGN represents a class of plaintiffs who entered into a residential mortgage for their primary residence with one of the companies who originate mortgage loans (“Loan Originator Defendants”) listed below. The lawsuit alleges that Optimal Blue, a mortgage information sharing program, and Loan Originator Defendants unlawfully agreed to use software created by Optimal Blue in order to artificially inflate mortgage prices for home purchasers across the United States.

Background
Residential mortgages have long been the primary financial device enabling Americans to purchase homes. Most U.S. home buyers depend on residential mortgages to purchase their home, resulting in residential mortgage debt making up around 70% of U.S. consumer debt.

As alleged in the complaint, the Loan Originator Defendants artificially inflated mortgage prices by sharing competitively sensitive and non-public pricing information and data with a centralized entity—Optimal Blue—rather than competing on price. Loan Originator Defendants share granular, real-time data about every component of their residential mortgage pricing using Optimal Blue’s “Competitive Analytics” and “Competitive Data License” tools (collectively, the “Business Analytics Tools”), launched in 2019.

mortgage rate price fixing case

The Business Analytics Tools allow loan originators to compare their mortgage prices with their competitors and collectively coordinate and maintain increases to mortgage prices. As a result, borrowers face higher rates and fees than they would in a competitive market.

The lawsuit, which is the first antitrust price-fixing lawsuit filed against Optimal Blue, was filed in the United States District Court for the Middle District of Tennessee on October 3, 2025, and is captioned Angel D. Mendez, Seth Ogilvie, Ori Wasserburg, and Nancy Donacki-Thompson Individually and on Behalf of All Others Similarly Situated v. Optimal Blue, LLC, ____.

Who Are the Loan Originator Defendants?

The Loan Originator Defendants include:

  • Rocket Mortgage, LLC
  • United Wholesale Mortgage, LLC
  • Wells Fargo Bank, N.A.
  • JPMorgan Chase Bank, N.A.
  • Loandepot.com
  • Bank of America
  • Fairway Independent Mortgage Corporation
  • U.S. Bank National Association
  • Freedom Mortgage Corporation
  • Guaranteed Rate, Inc.
  • NewRez, LLC
  • CrossCountry Mortgage, LLC
  • First Community Mortgage, Inc.
  • Movement Mortgage, LLC
  • PennyMac Loan Services, LLC
  • Home Point Financial Corporation
  • Guild Mortgage Company, LLC
  • Citibank, N.A.
  • Flagstar Bank, N.A.
  • New American Funding, LLC
  • Nationstar Mortgage, LLC
  • CMG Mortgage, Inc.
  • AmeriSave Mortgage Corporation
  • Better Mortgage Corporation
  • Firstbank
  • Churchill Mortgage Corporation
  • Beeline Loans, Inc.

Were you affected by the alleged residential mortgage pricing conspiracy?

If you entered into a residential mortgage for your home between September 2021 and today, you may have paid an inflated mortgage price. Please contact us for more information by clicking HERE.

Contact
If you would like to discuss your legal options, please fill out the form below or directly contact Brian Clark, Kyle Pozan, or Arielle Wagner at bdclark@locklaw.com, kjpozan@locklaw.com, aswagner@locklaw.com or at 612-339-6900.

Articles & Documents
Complaint
Bloomberg Law Article
Reuters Article
Law360 Article

This field is for validation purposes and should be left unchanged.

Your Information

Name(Required)
Email Address(Required)
Address(Required)

Lockridge Grindal Nauen PLLP (“LGN”) purchases advertisements on search engines, social media platforms, and other websites. Providing information to LGN, whether in response to an advertisement or otherwise, does not create an attorney-client relationship between you and LGN.  We will not agree to represent you until we (1) have determined that we do not have any conflicts that would preclude us from representing you; (2) have thoroughly evaluated your matter; and (3) have confirmed we are authorized to engage in the practice of law in the relevant jurisdiction.  Nothing in LGN’s advertising or its websites is intended to suggest that its services are of a greater quality than the services that may be provided by other lawyers nor are past results a promise or suggestion of future results.