Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what to

Sen. JD Vance (R-Ohio) established name recognition and political bona fides from his military service in the U.S. Marine Corps, his education at Yale Law School, his work for state and federal politicians, and his time as a venture capitalist. He published his memoir, Hillbilly Elegy, in June 2016.

While a U.S. district court judge in Pennsylvania may have denied its motion to stay the Moratis copycat commission lawsuit, defendant West Penn MLS is not backing down without a fight.In addition to filing a motion in June to stay the suit, West Penn MLS also filed a motion for dismissal, as the ML

Open Mortgage on Friday shut down its distributed retail channel and laid off more than two dozen employees. The divisional closure comes six months after the Texas-based lender changed ownership and nine months after it exited the reverse mortgage business. The company will focus on the third-party

Have lower mortgage rates positively impacted the housing demand data yet? Some people have been very disappointed with the data so far, so I wanted to take an in-depth look with this week’s tracker to see what lower rates have done to these key data lines. Let’s look at two of those data lines toda

The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts.Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA)

“Gray divorce” — referring to the decision of a married couple over the age of 50 to separate — is a growing phenomenon. According to a 2022 study published in the Journals of Gerontology, the rate of divorce among those ages 50 and older has doubled since 1990 and has tripled for those 65 or older.

As the portal wars have heated up, Realtor.com’s revenue has cooled off. During the fiscal year fourth quarter Move, Inc., the parent company of Realtor.com, recorded a 2% annual decrease in revenue to $143 million, according to an announcement on Thursday. NewsCorp, the parent company of Move, attr

A cooler spring homebuying season led to a mixed bag of financial results for the Big Four title insurance firms in the second quarter of 2024. Although all four firms reported a net income during the quarter, not all of them recorded better results than a year ago.Old RepublicAt Old Republic, total

During a press conference on Thursday from his Florida resort home, Mar-a-Lago, former president and 2024 Republican nominee Donald Trump suggested that the president should be able to exert more influence over the policy of the Federal Reserve than they do today.Near the end of the press conference

Editor in Chief Sarah Wheeler sat down with Melissa Langdale, president and chief operating officer of The Mortgage Collaborative, to talk about the recent FHFA TechSprint focused on gen AI use cases in housing. The use case developed by Langdale and her team was recognized as the most promising use

Is a business model change coming for RE/MAX? The possibility was floated on the company’s second-quarter 2024 earnings call Friday morning, as the brokerage’s sinking agent count continues to suppress revenue in what’s already a difficult housing market for real estate companies.RE/MAX has operated

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. But executives expect a shift in the landscape due to declining interest rates, which may help them achieve profitability i

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors‘ (NAR) business practice changes that are set to take effect on Aug 17. Co-hosts Ja

HomeServices of America is one step closer to moving on from the home seller commission lawsuits. On Thursday, Judge Stephen R. Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement.“The Court finds t

Guild Holdings Co., the parent company of Guild Mortgage, delivered a profit in the second quarter of 2024, mainly due to the performance of its growing servicing portfolio. Meanwhile, its origination volume increased by 69% from April to June compared to the previous quarter but at lower margins. N

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) on Thursday announced an expansion of relief measures to homeowners on the Hawaiian island of Maui who are seeking to rebuild single-family homes after the devastating wildfire that destroyed the

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing

Following the slight loss contributed by Longbridge Financial to the first-quarter earnings of parent company Ellington Financial, the reverse mortgage lender turned its fortunes around in the second quarter, which led to praise from the Ellington executive team in a Q2 2024 earnings report released