Housing Wire

DECEMBER 15, 2023

As the saying goes, everything is bigger in Texas. A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. This is the second commission lawsuit filed in the Lone Star State since a Missouri jury found the real estate industry liable for colluding to inflate agent commissions in late October.

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Real Estate News

DECEMBER 15, 2023

Five women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed. eXp says it let “bad actors” go.

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Housing Wire

DECEMBER 15, 2023

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. While the past two years have been challenging to say the least for prospective homebuyers , homeowners have been reaping the fruits of their investments, as home prices steadily appreciated for the past three years.

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Sellers Buyers Mortgage Investing 493

Real Estate News

DECEMBER 15, 2023

Wu previously stepped down from the CEO role last year and said he is now "called to get back to my startup roots.

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Housing Wire

DECEMBER 15, 2023

Mr. Cooper Group’s examination of the cyberattack it suffered in late October concluded that the personal information of current and former customers was compromised. The data breach led the company to estimate an additional vendor cost related to the incident in the fourth quarter to include offering identity protection services for two years.

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Law Technology Investors Mortgage 464

Real Estate News

DECEMBER 15, 2023

This is the second lawsuit challenging buyer agent compensation to be filed in the state in just over a month and includes many of the same players.

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Real Estate News

DECEMBER 15, 2023

The brokerage, which has been the target of multiple lawsuits and investigations alleging predatory practices, filed for bankruptcy in September.

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Housing Wire

DECEMBER 15, 2023

E-signature company DocuSign is exploring a potential leveraged buyout with the help of advisers, people familiar with the matter told The Wall Street Journal on Friday. However, there is no certainty that a deal will be reached. As of Friday, DocuSign’s market capitalization was $11.5 billion. Potential suitors could include private equity firms and technology companies, according to the Journal.

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Real Estate News

DECEMBER 15, 2023

Hacks wreaked havoc in the second half of the year. But the industry pulled together, proving that professionalism and relationships are what drive real estate.

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Real Estate 261

Housing Wire

DECEMBER 15, 2023

South Carolina-based retail lender Movement Mortgage filed a lawsuit this week against Todd Scrima, founder and president at its competitor Summit Funding , accusing him of gaining illegal access to Movement’s confidential financial files and also scheming to divert Movement’s customers toward Summit. It’s the latest salvo in a legal battle that started after the three of Movement’s veteran sales executives — Deran Pennington, Matt Schoolfield and Chris Shelton — left

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Inman

DECEMBER 15, 2023

The suit accuses now-former eXp agents of sexually assaulting a woman and claims eXp failed to stop the "abhorrent behavior." It follows a similar case that began in February.

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Housing Wire

DECEMBER 15, 2023

Dallas, Texas – HousingWire, the leader in mortgage and real estate news and information, proudly announces the ascension of its flagship podcast, HousingWire Daily , to the No. 2 position among business news podcasts in the United States. Renowned host Sarah Wheeler , accompanied by regular guests Logan Mohtashami and James Kleimann , has transformed the podcast into an indispensable resource for professionals, attracting an audience that exceeds 110,000 monthly listeners.

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Business Advertising Real Estate Law 437

Inman

DECEMBER 15, 2023

The owner of the real estate investment firm Cardone Capital said in a recent television interview he predicts a massive price correction in the months ahead.

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Real Estate Investing 190

Housing Wire

DECEMBER 15, 2023

Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Citi , RiverPark Ventures , Metropolis Ventures , Simplex Ventures , Winklevoss Capital and Liebenthal Ventures invested in the round. Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate.

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Real Estate Finance Technology Investors 419

Inman

DECEMBER 15, 2023

As we all gear up to welcome 2024, Inman Connect New York is excited to offer you the opportunity to gain new insights, build new connections, and learn new skills that will help you set a new vision and plan for the year ahead.

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Housing Wire

DECEMBER 15, 2023

Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners. In a pair of lawsuits filed in a state court in Dallas County, each targeting one of the lenders, homeowners allege that the companies’ employees induced them into entering refinancing agreements and skipping the first one or two payments on their new loan. “In doing so, you failed t

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Mortgage Legal Finance 337

Inman

DECEMBER 15, 2023

Despite unprecedented challenges, and the predictions of naysayers, the residential real estate market showed surprising strength in 2023, according to industry analyst Michael Gifford.

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Housing Market Marketing Real Estate Brokerage 186

Eyes on Housing

DECEMBER 15, 2023

Over the first ten months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 773,526. On a year-over-year (YoY) basis, this is 10.7% below the October 2022 level of 865,815. Year-to-date ending in October, single-family permits declined in all four regions. The range of permit decline spanned 8.6% in the Northeast to 16.1% in the West.

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Inman

DECEMBER 15, 2023

NAR President Tracy Kasper appeared on CNBC's "The Exchange" on Thursday to talk about mortgage rates, affordability and the potential harm of changing the current commission structure.

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BiggerPockets

DECEMBER 15, 2023

While many forecasts point to a stronger 2024, Fannie Mae is much more bearish. Here's what their latest report said.

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Inman

DECEMBER 15, 2023

Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled.

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Sellers Contracts Buyers Agents 181

BiggerPockets

DECEMBER 15, 2023

Since the pandemic, movers have been storming across the country in droves. The latest Census data gives us the clearest picture yet of where they've ended up.

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Real Estate 93

Inman

DECEMBER 15, 2023

Loan servicing giant Mr. Cooper, which is facing multiple lawsuits over a recent cybersecurity breach, will provide two years of identity protection services and credit monitoring to all current and former customers.

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Technology Mortgage 179

BiggerPockets

DECEMBER 15, 2023

The new year is quickly approaching, which means tax season is too. Here's what you should start doing now to make everything easier when you file.

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Inman

DECEMBER 15, 2023

When eXp’s Troy Palmquist ran out of gas (literally), it gave him some time for reflection. Find out how to manage your energy this holiday season so that you can keep moving forward.

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Agents 173

Appraisal Today

DECEMBER 15, 2023

UAD and Forms Redesign Update Excerpts: Improving the Quality and Consistency of Appraisal Data Freddie Mac and Fannie Mae (the GSEs) have worked on the UAD redesign since 2018, leveraging extensive stakeholder input to update the appraisal dataset, align it with current mortgage industry data standards (MISMO® v3.6), and replace the GSE appraisal forms with a single data-driven, flexible, and dynamic appraisal report for any residential property type.

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Appraisal Contracts Business Mortgage 78

Inman

DECEMBER 15, 2023

Wu founded Opendoor in 2014 and served as the company's chief executive officer until last year. He said in a statement that he's leaving to focus on building new things.

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Technology 171

Mortgagebroker News

DECEMBER 15, 2023

This despite borrowing costs resting at their highest level in more than two decades

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Inman

DECEMBER 15, 2023

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

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Agents 167

GoForrmz

DECEMBER 15, 2023

Are you taking advantage of the latest GoFormz features? As the year comes to a close, we here at GoFormz are so proud to look back on all the product changes, improvements, and brand-new features we’ve been able to release. Many of which have been based on feedback provided by our own customers through our Feature Request Portal. Whether you’re new to the GoFormz platform, or just haven’t made the time to learn these new product features, this post is a great place to find out more ways you can

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Inman

DECEMBER 15, 2023

The former NAR vice president of advocacy also ran for Congress in 2019 and, at that time, sued the Federal Election Commission for ordering her to stop running business ads in advance of that year's primary.

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Business Realtors Agents 165

Mortgagebroker News

DECEMBER 15, 2023

The firm's revenue suffers a notable decline

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Inman

DECEMBER 15, 2023

LA's luxury condo market has never seen a sales price above $35 million. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time.

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Mortgagebroker News

DECEMBER 15, 2023

The cheque was presented by RESCON president

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