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July 2025

Zillow pushes back against Compass’s claims of conspiracy, monopoly

Brokerage, Clear Cooperation, Compass, eXp Realty, Glenn Kelman, HWmember, Legal, Real Estate, Redfin, Robert Reffkin, Zillow /

A little over two weeks after Zillow filed letters responding to Compass’s motions for preliminary injunction and expedited discovery, the listing portal giant is officially firing back with its response to these motions. Zillow filed its response and related declarations from company executives, including Chief Industry Development Officer Errol Samuelson, CEO Jeremy Wacksman and CFO […]

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US foreclosure activity continued to rise in first half of 2025, ATTOM says

Attom Data Solutions, Data & Visuals, Foreclosure, Housing Market, HWmember, REO /

Real estate data provider ATTOM on Thursday released its Mid-Year 2025 U.S. Foreclosure Market Report, which shows there were a total of 187,659 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2025. That figure is up 5.8% from the same period a year

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Minnesota housing program under federal fraud investigation

Affordable housing, FBI, Housing Crisis, Housing Market, HWmember, Minnesota, Regulatory /

Federal agents are probing what they describe as a massive scheme to defraud Minnesota’s Housing Stabilization Services program, according to a search warrant. Numerous outlets reported that a federal investigation is targeting a Medicaid-funded benefit created in 2020 to assist people with disabilities, mental illnesses, substance use disorders and seniors in securing and maintaining housing.

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Colorado officials push to save property tax breaks for seniors

Colorado, HWmember, Mortgage, Property Tax, Retirement, Reverse /

Government officials in Mesa County, Colorado, urged state legislators in an open letter this week to preserve a property tax exemption for older adults and disabled veterans amid the state’s ongoing budget constraints. Colorado’s senior property tax exemption, which has been in place for the past 25 years, cuts 50% from the first $200,000 of

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Citizens announces AI-driven ‘reimagining’ of the bank

Artificial Intelligence, Citizens Bank, Citizens Financial, Earnings /

UPDATE: This article includes quotes from Citizens’ second-quarter earnings call and an interview with CEO Bruce Van Saun. Citizens Financial Group is “reimagining” itself for the AI age, the company announced as it unveiled its second-quarter earnings. “We’ve commenced work on a project we are calling ‘Reimagining the Bank,’” CEO Bruce Van Saun said Thursday

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June sees uptick in new-home loan demand

Homebuilders, Housing markets, Mortgage Rates /

Homebuyers seemed to look past high mortgage rates in their efforts to purchase newly constructed homes last month, offering a bright note amid a broadly uneven housing market. Mortgage applications for new homes increased 8.5% year-over-year in June, according to the Mortgage Banker Association. Applications were down 4% from May, but the report noted that

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Freedom and Loancare settle long-running servicing dispute

Law and legal issues, Servicing /

Freedom Mortgage and Loancare say they’ve settled a long-running fight over servicing practices, two years after a jury awarded a $22 million verdict in the case.  The agreement disclosed in federal court this week will end both district court and federal appeals court cases. Freedom took the fight to the Third U.S. Circuit Court of

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Mortgage rates rise as investors react to inflation news

Economy, Mortgage Rates /

Mortgage rates rose this week as the latest Consumer Price Index report further dashed hopes in some minds for a Federal Open Market Committee reduction in short-term rates at its July meeting. “The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%,” said Sam Khater, Freddie Mac

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