The Ninth Circuit Court of Appeals on Monday affirmed a U.S. District Court’s summary judgment ruling that the National Association of Realtors (NAR) and Zillow did not commit antitrust violations in the lawsuit filed against them by REX Real Estate.“The district court correctly concluded that there

The National Association of Realtors (NAR) has a new general counsel as Jonathan Waclawski is joining the national trade group. The story was first reported by Bloomberg Law. Waclawski is succeeding Katie Johnson, whose 17-year tenure at NAR ended in October 2024. While new to this role, Waclawski i

President Donald Trump said on Monday that 25% tariffs on imports from Mexico and Canada would start Tuesday, March 4, the Associated Press reported. And there’s no going back on it, he said.“Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters this afternoon.

Over the last two months with economic uncertainty, the bond market has responded and the yield for the 10-year Treasury has declined by 60 basis points from 4.8% to 4.2%. The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December.It’s quite o

Compass announced Monday that it’s adding Florida-based Boschetti Realty Group and its two leaders, Maurice and Silvia Boschetti, to its ranks.The Boschettis bring decades of expertise and more than $500 million in career sales, according to a press release from Compass. Boschetti Realty Group arriv

An email from the Consumer Financial Protection Bureau’s (CFPB) COO Adam Martinez, which was obtained by Bloomberg Law, told employees of the Bureau to continue working on “statutorily required work,” despite news mid-February in which the Bureau’s new head closed the headquarters and instructed emp

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. They argue that adding to and duplicating the currently required fed

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. “Matterport’s cutting-edge 3D capture and AI-powered property insights have alre

Union Home Mortgage (UHM) on Monday announced its acquisition of Nations Reliable Lending, aka NRL Mortgage. The acquisition of Houston-based NRL will strengthen UHM’s book of business in Texas and southwest Ohio in particular.“Our company lives by the mantra of ‘Promises Kept,’ which not only inclu

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia, saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau

President Donald Trump issued an executive order on Saturday calling for the immediate expansion of U.S. timber production to increase the supply of American lumber. The wide-ranging executive order calls for the Secretary of the Interior, the Secretary of Agriculture, the director of the Bureau of

What a rollercoaster for economic news so far in 2025! As we head into March, many wonder, can mortgage rates dip even lower than we’ve seen since Jan. 14? Treasury Secretary Scott Bessent said Friday that “The housing market is stuck right now, but it will unfreeze in weeks.” Which begs the questio

Florida-based non-QM lender A&D Mortgage on Friday announced an offering of $458.9 million in residential mortgage-backed securities (RMBS), calling it “another milestone in the company’s commitment to expanding financing solutions for borrowers with diverse income streams.”The RMBS deal, done in pa

Despite the potential for uncertainty ahead, reverse mortgages continue to be a positive addition to the overall portfolio of Ellington Financial.This is according to an earnings presentation the company held on Friday morning, detailing its financial performance in the fourth quarter of 2024. Multi

During Rocket Companies‘ third-quarter 2024 earnings call, the Detroit-based parent company of Rocket Mortgage said that it expected adjusted revenue of $1.05 billion to $1.2 billion in the fourth quarter.But on Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue

The Consumer Financial Protection Bureau (CFPB) has voluntarily dismissed a lawsuit against Vanderbilt Mortgage & Finance that accused the Tennessee-based lender of pushing borrowers into “unaffordable loans” that, in some cases, caused them to lose their homes.The case against Vanderbilt was one of

The National Reverse Mortgage Lenders Association (NRMLA) this week announced its first conference of 2025 in the form of its Western Regional Meeting, the first such event to take place since 2023.NRMLA will hold the event in Irvine, California, on April 29, initially announcing it via an emailed m

Steel. Lumber. China. Mexico. Europe. Reciprocal.These are just some of the goods, countries and methods slated for tariffs by President Donald Trump since he assumed office in January. Each proposal has its own degree of percentage and timeline, all of which can change without warning from a presid

In one of his first official appearances as the new secretary of the U.S. Department of Housing and Urban Development (HUD), Scott Turner spoke at the 2025 International Builders’ Show in Las Vegas and addressed the National Association of Home Builders‘ (NAHB) Leadership Council on the need to bols

Home sale cancellations in the U.S. surged to their highest level for this time of year, with 14.3% of pending deals falling through in January, according to a new analysis by Redfin.The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4% a year earlier