UBS Group said on Monday that it will pay $300 million to settle lingering obligations tied to a Credit Suisse deal with the U.S. Department of Justice (DOJ) over the sales of residential mortgage-backed securities (RMBS). UBS inherited the obligations when it acquired Credit Suisse in a 2023 rescue arranged by Swiss regulators. The bank […]
UBS will pay $300M to settle Credit Suisse case Read More »
While some brokerages are leaning into the use of private listing networks, luxury firm Douglas Elliman said it does not want private listing networks to become the norm. “At Douglas Elliman, we have a long- standing commitment to offering clients greater choice and flexibility while continuing to promote equal access to listings and uphold a
Douglas Elliman doesn’t want private listings to be the norm Read More »
Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket
Rocket revamps real estate arm, moves home search to Redfin Read More »
Cloud-based brokerage LPT Realty and its luxury spinoff Aperture Global Real Estate on Monday announced their reservation of a combined Nasdaq stock ticker as they prepare for an initial public offering. “One step closer to our IPO,” Michael Valdes, the CEO of LPT International, wrote in an Instagram post. “We have reserved the combined ticker
LPT Realty, Aperture Global book their spot on the Nasdaq ticker Read More »
Baird & Warner Real Estate has launched an internal Image Services division to provide real estate marketing visuals in response to the abrupt closure of VHT Studios. The new unit will be led by Shannon Lange — former area sales and account manager for VHT Studios and Matterport — and a licensed real estate agent
Baird & Warner launches image services division amid VHT Studios closure Read More »
Following the surprising jobs report released on Friday, the 10-year yield dipped slightly on Monday. As a result, mortgage rates have reached a new low for 2025, with Mortgage Daily News reporting a rate of 6.57%. Remarkably, we haven’t seen a single Fed rate cut this year! The bond market influences the Federal Reserve, and
Mortgage rates hit lowest levels of 2025 Read More »
As a real estate agent, it’s easy to assume your listings speak for themselves, but buyers and sellers still want to know who they’re working with. A well-written agent bio helps you build credibility, make a lasting impression on prospective clients and turns curious browsers into serious leads. Your real estate agent bio doesn’t need
How to Write a Lead Winning Real Estate Agent Bio in 7 Steps (+ Examples) Read More »
The reverse mortgage market appeared to recover in July after dipping in June, according to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI) that was released late last week. HECM endorsements rose 5.6% in July to 2,369 loans, the highest level recorded since February 2025. HECMs also saw regional gains
HECM endorsements rise to highest level since February Read More »
Mortgage rates are driven by movement in the bond market and bonds take cues from economic data, among other things. The monthly jobs report is routinely the most closely watched economic report as far as bonds are concerned and Friday’s caused a significant amount of bond buying (which, in turn, pushes rates down). Friday’s reaction
Lowest Mortgage Rates Since Early October Read More »
Bloomberg News (Bloomberg) — At one midsized U.S. mortgage lender, almost a quarter of customers who dispute property appraisals find that the value of their home had been miscalculated. It’s an industrywide issue that has historically penalized minority groups, and now President Donald Trump has offered lenders the chance to ignore his predecessor’s attempts to make it easier
Mortgage lenders stick with Biden-era reappraisal guidance Read More »