Newly launched LUXE Realty brings on sales leaders

Arizona-based brokerage LUXE Realty welcomed Jack Luciano and Raul Siqueiros as director of estates division and director of new development, respectively, the company announced on Thursday.The two real estate agents were formerly associated with The Agency Scottsdale. They are bringing several top-
Read MoreMosaik CEO Sheila Reddy on tackling fragmented technology

HousingWire Editor in Chief Sarah Wheeler sat down with Sheila Reddy, CEO at Mosaik, to talk about how the company is leveraging their experience building technology solutions for healthcare to benefit real estate agents and homebuyers. This interview has been edited for length and clarity.Sarah Whe
Read MoreMilestones VP of Marketing Shannon Baldwin on her mission as a marketer

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Click here to nominate someone from your organization today.While they
Read MoreFederal agency members voice support for new CRA rules

This week in Washington, D.C., representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementa
Read MoreRyan Serhant launches broad-based sales training tool

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil Sell It, a sales training platform tailored for a
Read MoreHouston must return $45M in unused affordable housing funds

Despite recent data indicating a poor affordable housing situation in Texas, the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. This is according to local reporting by a Houston ABC News affiliate.Prima
Read MoreZillow names this year's best markets for first-time home buyers

Liberty Reverse parent Ocwen seeks to rebrand this year

Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp., announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc. This is according to a company spokesperson and a subsequent announcem
Read MoreZillow or CoStar? NAR settlement terms could determine a winner

Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy.The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing
Read MoreCHLA urges FHA’s equal treatment of homebuyers despite commission status

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” ac
Read MoreUWM sued over ‘corrupt’ scheme with brokers to steer loans

Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.”The lawsuit was filed on Tuesday in a Mic
Read MorePennsylvania doctor, lawmaker explain why aging in place ‘makes sense’

A physician and a lawmaker, both based in the state of Pennsylvania, have come together to explain to area seniors why aging in place “makes sense,” explaining potential benefits from a regional healthcare system’s senior wellness program and the ability to remain in their own homes as they get olde
Read MoreMillennials are once again driving the home purchase market: NAR

Millennials replaced baby boomers as the largest group of homebuyers in 2023.The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Gen
Read MoreCompass to acquire Latter & Blum

Compass is entering the housing markets in Louisiana and Mississippi through its acquisition of Gulf Coast-based brokerage Latter & Blum. The Robert Reffkin-helmed Compass announced the acquisition on Wednesday. The companies did not disclose the financial terms of the deal. “We are excited to welco
Read MoreKeller Williams named in additional lawsuit regarding profit-sharing program

Keller Williams is named in another class-action lawsuit that contests alterations made to the brokerage’s profit-sharing program. There are now six class-action lawsuits against KW that challenge the company’s profit-sharing program adjustments. Last month, five agents formerly affiliated with Kell
Read MoreHow the brokerage landscape has changed in the last five years

A pandemic-fueled home-buying bonanza. Rate-hike-squeezed housing inventory. Tectonic changes in how agents are compensated in home sales. There have been plenty of changes in the last five years, and RealTrends Verified has gotten the inside look at how the nation’s top brokerages have been affecte
Read MoreKeller Williams named in telemarketing lawsuit

Keller Williams is in the crosshairs of yet another class action lawsuit, except instead of dealing with agent compensation or alleged breaches of contract, this latest suit involves unwanted telemarketing communications.In a lawsuit filed on Tuesday in U.S. District Court of the Western District of
Read MoreJPAR Real Estate announces strategic promotions

JPAR Real Estate, a full-service real estate brand and franchise platform, announced several strategic promotions and organizational changes within the brokerage on Monday.“These appointments represent not just a shift in roles but a bold statement of our commitment to excellence, innovation and unp
Read MoreFairway’s reverse leadership talks course change and business in 2024

Last month, Madison, Wisconsin-based mortgage lender Fairway Independent Mortgage Corp. announced the appointment of reverse mortgage industry veteran Dan Ventura to serve as its new president of reverse mortgage lending. The hiring came after a series of announcements in February, including the add
Read MoreCHLA appoints new vice president

The Community Home Lenders of America (CHLA), a Washington, D.C., advocacy group representing smaller mortgage lenders, appointed Paulina McGrath to the position of vice president, it announced on Tuesday. In this role, McGrath will advocate for independent mortgage banks (IMBs) nationwide and will
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