A broker in Florida is suing the National Association of Realtors (NAR), along with state and local associations and MLSs, for alleged antitrust violations and steering homebuyers into using buyer’s agents. Filed late last week by Jorge A. Zea in the U.S. District Court for the Southern District of Florida’s West Palm Beach Division, the […]
NAR faces new antitrust suit over alleged steering Read More »
Clifford Rossi speaks from the vantage point of someone who has been inside the government-sponsored enterprises (GSEs). In different periods during the 1990s and 2000s, he served as a senior financial economist at Fannie Mae and as senior director of single-family risk management at Freddie Mac. Rossi was among the earliest advocates of merging the
Ex-GSE risk chief makes case for Fannie-Freddie merger Read More »
First American Data & Analytics has released an automated valuation model that estimates monthly rent for residential properties nationwide. The product — called Procision Rental AVM — updates daily on roughly 100 million properties, including single-family homes, condominiums and homes in planned-unit developments. It provides rental estimates, value ranges and confidence scores for use by
First American launches monthly rent automated valuation model Read More »
Housing market dynamics have grown more favorable for buyers and sellers in August, and it’s possible that the fall of 2025 could see even better conditions if mortgage rates return to 6%. But they haven’t approached that level in nearly a year and haven’t been consistently below that threshold since late 2022. Rates have been
Mortgage rates continue their slow march toward 6% Read More »
The National Association of Realtors (NAR) must face yet another appeal of a suit it was dismissed from earlier this summer. On Monday, plaintiff Luz de Amor Eytalis filed an appeal of the dismissal of her lawsuit against NAR, Paragon MLS Connect, Wichita Falls Association of Realtors and Texas Association of Realtors. The lawsuit, which
NAR faces appeal of Eytalis antitrust suit Read More »
A Georgia couple lost their longtime family home after a forged deed led to a reverse mortgage they claimed they never signed, according to reporting from WSB-TV. James and Lucretia Klucken said they began receiving notices in 2019 about repayment on a $50,000 reverse mortgage tied to James’ family property. After reviewing the documents, James,
Forged deed and mortgage fraud cost Georgia couple their home Read More »
It isn’t news that ICE Mortgage Technology had planned to shut down some of its older tech systems — mainly the Encompass SDK — by Oct. 31, 2025. Users were supposed to switch to newer, API-based technology called Encompass Partner Connect (EPC) by that deadline. Now, the Halloween deadline has been pushed. Instead of 2025,
Why are some vendors dragging their feet on the ICE SDK transition? Read More »
Independent mortgage banks (IMBs) delivered a pretax net production profit of $950 per loan in the second quarter of 2025, rebounding from a $28 loss in the prior quarter. The improvement was fueled by seasonality, cost reductions and higher average loan balances. The data, released on Tuesday, comes from the Mortgage Bankers Association report covering
IMBs swing back to profitability in Q2 with $950 per-loan gain Read More »
Mortgage rates are based on bonds and bonds, and bonds have some seasonality to them. This doesn’t necessarily mean there’s a reliable seasonal pattern for the direction of rate movement. Rather, it means that several weeks in August tend to be fairly forgettable in terms of excitement, volatility, and methodical movement. The 2 most recent
Mortgage Rates Little Changed From Monday Read More »
Housing starts in the US climbed in July to five-month high, led by the strongest pace of multifamily construction in more than two years. New residential construction increased 5.2% last month to an annualized rate of 1.43 million homes, according to government figures released Tuesday. That was above all forecasts in a Bloomberg survey of
Housing starts rise to five-month high, led by multifamily Read More »