These home buyers are suing one of the biggest mortgage lenders in America. Why you should pay attention.

Many buyers “do not have a full understanding of the home-buying and lending process,” lawyers wrote in their complaint. “[A]s a result, they usually have no choice but to rely on real-estate agents, who have a fiduciary duty to represent them and serve their best interests.”A home purchase is one of the largest investments most Americans will ever make, but “the burden of this process is compounded by the opaque and byzantine rules on buying and financing the purchase of a home,” the lawsuit states.The law ...