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Homestead Poaching Lawsuit Moved To Federal Court

A lawsuit filed by Homestead Funding Corp. in New York State Court alleging that Fairway Independent Mortgage Corp. had poached a high-earning employee and enticed several others to do the same has been transferred to federal court in the Northern District of New York at the request of Fairway’s attorneys. The original suit, filed in June, alleged that Fairway paid Andrew Aiello, “a seasoned loan originator” who was bound by an employment agreement, a $600,000 signing bonus and promised him another $500,000 productivity-related bonus to leave Homestead.

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