July 2025

eXp Realty introduces CRM of Choice program

eXp Realty has rolled out a new initiative that allows its agents to choose from multiple customer relationship management (CRM) systems, marking a shift in the company’s approach to technology offerings. The program, called CRM of Choice, offers agents the option to select one of three platforms — BoldTrail, Cloze or Lofty — as part […]

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Do you get déjà vu? The PLS sues NAR — again

If you are familiar with ThePLS.com’s original antitrust suit filed in 2020 against the National Association of Realtors over NAR’s Clear Cooperation Policy (CCP), reading the new suit filed Tuesday might give you déjà vu.  In its 31-page complaint filed in U.S. District Court in Los Angeles, the PLS notes that “Paragraphs 1-121 of this

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Housing industry cheers Senate passage of the ‘Big Beautiful Bill’

Senate Republicans on Tuesday advanced President Donald Trump’s sprawling “Big Beautiful Bill” in a last-second flurry that required Vice President JD Vance to cast a tie-breaking vote. All 47 Senate Democrats voted against the bill, with Republicans Susan Collins, retiring Thom Tillis and Libertarian deficit hawk Rand Paul joining them. The bill now goes back

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Condo prices drop year over year, led by Florida declines

It’s a tough time to be a condo owner, particularly in Florida, and most especially if you’re trying to sell. That’s the upshot of a new report from Redfin. Condo prices dropped 2.2% year-over-year in May. That’s the second-sharpest decline since the brokerage began tracking condo data in 2012. While the broader housing market has

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NCUA HQ (4)

NCUA’s one-member board liquidates two failed credit unions

Frank Gargano Kyle Hauptman, the president of the National Credit Union Administration, voted to liquidate two troubled credit unions, a move that has raised procedural questions since Hauptman alone does not constitute a quorum of the NCUA board.  On Tuesday, the NCUA placed Aldersgate Federal Credit Union — a $10.3-million asset credit union operated by

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Dark Matter offers Empower integration with appraisal portal

Dark Matter Technologies, which operates the Empower loan origination system, has created an integration with the Uniform Collateral Data Portal maintained by the government-sponsored enterprises. This makes the company “an early adopter” in supporting the Uniform Appraisal Dataset 3.6 and the Forms Redesign initiative, a press release said. On June 10, the Mortgage Industry Standards

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Sequoia raises $478 million in RMBS

Sequoia Mortgage Trust 2025-6 (SEMT 2025-6) has issued 60 residential mortgage-backed certificates which are supported by 402 loans with a total balance of $478.8 million. The pool comprises first lien, fully amortizing fixed-rate mortgages with 15- and 30-year maturity terms, which were acquired by Redwood Residential Acquisition Corp. from various mortgage originators. The collateral is

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How an identity thief stole $2 million from HELOCs

Adobe Stock A federal jury has convicted Oluwaseun Adekoya of bank fraud conspiracy, money laundering conspiracy and aggravated identity theft. The case offers an in-depth look at a rising threat to banks and credit unions: identity theft used to steal from customers’ home equity lines of credit. A two-and-a-half-week trial exposed Adekoya as the ringleader

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