Compass International Holdings appears to be under investigation by the office of New York state Attorney General Letitia James. Leaders at other real estate brokerages in New York City have confirmed to HousingWire that James’s office has reached out to request information as part of an inquiry into Compass. The news was first reported by […]
New York AG probes Compass-Anywhere acquisition Read More »
A federal judge in Texas dismissed with prejudice a high-profile discrimination lawsuit against Colony Ridge Development while sharply criticizing a proposed settlement agreement that would have directed millions of dollars toward infrastructure and immigration enforcement rather than compensating alleged victims. In an order filed on April 28 in the U.S. District Court for the Southern
Texas judge dismisses Colony Ridge discrimination lawsuit Read More »
Jerome Powell’s tenure as Federal Reserve chair is coming to an end as the Department of Justice (DOJ) has ended its investigation of alleged cost overruns on the Fed headquarters’ renovations. This paves the way for Kevin Warsh to head the Fed — maybe as soon as May. The timing couldn’t be more perfect, as
The outlook for mortgage rates as DOJ clears Fed path for Warsh Read More »
The U.S. Department of Justice (DOJ) on Friday dropped its investigation into the Federal Reserve regarding Jerome Powell’s congressional testimony on the central bank’s headquarters renovation. The decision could ease the path for Kevin Warsh‘s confirmation as Powell’s successor. Jeanine Pirro, U.S. Attorney for the District of Columbia, announced that she’s closing the investigation and
DOJ drops probe tied to Fed, potentially easing path for Warsh confirmation Read More »
A federal judge on Friday blocked subpoenas that the U.S. Department of Justice (DOJ) served the Federal Reserve in a case involving Jerome Powell’s Congressional testimony on the central bank’s headquarters renovation, concluding the effort appeared designed to “harass and pressure” him to lower interest rates or resign from his position. The DOJ served the
Federal judge blocks DOJ subpoenas targeting Federal Reserve Chair Powell Read More »
Fair housing and immigrant advocacy groups are urging a federal court in Texas to reject a proposed settlement between Colony Ridge Development LLC and federal agencies over alleged predatory lending practices. The groups say that key provisions of the agreement are “unlawful, unnecessary and unrelated to the underlying case.” Under the proposed terms, Colony Ridge
Colony Ridge settlement faces court challenge in Texas Read More »
Federal lawmakers are urging the Department of Justice (DOJ) to take a closer look at the closed $1.6 billion merger deal between Compass and Anywhere Real Estate. The effort is being led by Sen. Elizabeth Warren (D-Mass.) and Rep. Becca Balint (D-Vt.) with 16 other Democrats as co-signers. In a letter sent Thursday night and obtained
Lawmakers press DOJ on Compass-Anywhere merger review Read More »
A Friday-morning news report suggesting that the Trump administration is exploring an antitrust probe into U.S. homebuilders landed with its intended shock value. The implication? Washington, having rattled its saber, may be preparing to treat large builders as a concentrated market actor whose behavior is contributing to America’s housing affordability crisis. By late Friday afternoon,
Why antitrust talk may be a pressure tactic — not a probe — against homebuilders Read More »
It is no secret that the National Association of Realtors (NAR) has faced its fair share of legal challenges over the past few years. From the commission lawsuits, to an investigation by the Department of Justice (DOJ) to lawsuits over the three-way membership agreement and the now defunct, optional no-commingling rule, NAR’s legal team has
NAR outlines legal risk mitigation, litigation strategy in 2025 report Read More »
The future of the Federal Reserve‘s leadership is in limbo due to an investigation into current Fed Chair Jerome Powell that has prompted bipartisan backlash. Following the news about a Department of Justice (DOJ) probe into Powell, Sens. Thom Tillis (R-N.C.) and Elizabeth Warren of (D-Mass.) accused Trump of using the DOJ to pressure Powell
DOJ investigation clouds future of Fed chair nomination Read More »