Mortgage servicer Nationstar, doing business as Mr. Cooper, is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago.The settlement notice was filed

Vice President Kamala Harris and Minn. Gov. Tim Walz sat down with CNN last week for the pair’s first major televised interview since becoming the Democratic nominees for president and vice president of the United States, and housing continues to be an issue Harris aims to address in her public-faci

The chief economist of Fannie Mae expects to hang up the cleats this year. Doug Duncan, who’s been the chief economist at the government-sponsored enterprise since 2008, will be retiring effective Sept. 22, according to Rob Chrisman, who first reported the news on his blog Tuesday morning. Mark Pali

For many in the real estate industry, Aug. 17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts.“I am in awe of how many folks decided on Thursday that

This week the available inventory of homes for sale inched down across the country. It was a lead up to the holiday weekend, so that’s not uncommon. But it is indicative that we’re roughly at the peak of inventory for the summer. We may have a few more weeks of inventory gains, but the long stretch

The real estate industry is undergoing a seismic transformation, with recent regulatory changes pushing the National Association of Realtors to a critical juncture. As these shifts unfold, real estate agents face both challenges and opportunities. Those who adapt will find themselves in a prime posi

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023.I have consistently written that with mortga

Federal Reserve Chair Jerome Powell indicated last week that a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) is on the table, which would have the effect of driving mortgage rates lower.Most observers and professionals agree that a rate cut would

In this executive conversation, Laura O’Connor, COO at JPAR, and Affiliated Network President, shares her insights on the role of the modern real estate professional. With over two decades of experience in business operations and strategic management, Laura has been a driving force in JPAR’s growth

Retirement savers experienced their third consecutive quarter of growth in Q2 2024, with Gen X savers showing strong gains in individual retirement arrangements (IRAs), a sign of progress considering that cohort’s prior struggles with saving for life after work.This is according to a report released

After nearly 18 years ERA King Real Estate, Anna-Marie Ellison is moving to Alabama-based ARC Realty. In a post on her website ConsultWithAME on Wednesday, Ellison wrote that she is “honored” to be joining a team with the guiding principal of “Everything worth building starts with a relationship.”In

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque will lead NFM’s retail growth strategy as corporate vice president of retail, NFM’s Managing Director Greg Sher announced on LinkedIn on Friday. “Your thoughtful

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. Meet Landian, a real estate startup founded by Bryan Galen, Neal Batra and Josh Sitzer — yes, the same Sitzer who filed the now infamous Sitzer/Burnett commission lawsuit.In an

Roughly six months after his departure from RE/MAX, Nick Bailey is back in a leadership role, this time at management consultancy and analytics firm T3 Sixty. In an announcement on Thursday T3 Sixty said Bailey will serve as the firm’s chief real estate officer.In this role, T3 Sixty said Bailey wil

With all the recent media attention, by now most everyone is aware of major changes afoot in real estate this month. Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Pardon if my words convey a dash of sarcasm yet, a

The Merriam-Webster dictionary defines fraud as the “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right,” and from identity theft to sweepstakes and investment scams, it can take countless forms at a high cost to consumers. The Fe

The proposed settlement between the National Association of REALTORS (NAR) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. Despite bipartisan agreement that supply shortages are driving housing’s unaffor

In a court filing on Thursday, the National Association of Realtors said it will appeal the D.C. Circuit Court of Appeals ruling that the Department of Justice could reopen its investigation into the trade group. The decision to appeal to the Supreme Court comes after the appeals court denied NAR’s

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services prof

The employee at the center of the Move v. CoStar lawsuit granted his personal email access to roughly 40 documents prior to his departure for Move subsidiary Realtor.com, according to the latest filing in the legal battle between the two listing platform giants.On Tuesday, Move filed an amended moti