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Buyer rep agreements don’t change commission rates: Fed study

Agent, Commission Lawsuit, Cotality, Federal Reserve, HWmember, NAR Lawsuit Settlement, National Association of Realtors, Real Estate /

Buyer representation agreements have no impact on real estate agent commissions, according to a report published this week by researchers at the Federal Reserve. The report examined commission rates advertised to buyers’ agents through data from CoreLogic (which recently rebranded as Cotality). This includes the CoreLogic House Price Index and CoreLogic Market Trend reports, which […]

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MBA brings on Kaitlin Hildner in policy role

Housing Policy, HWmember, Mortgage Bankers Association, People Movers, Regulatory, U.S. Department of the Treasury /

The Mortgage Bankers Association (MBA) announced on Friday afternoon that Kaitlin Hildner has joined the association, taking on the role of Associate Vice President of Loan Administration Policy. In her role, Hildner will help lead the development and implementation of MBA’s strategy on legislative, regulatory and other industry issues related to loan administration and mortgage

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FEMA isn’t prepared for hurricane season, acting director concedes

Disaster Relief, FEMA, Housing Market, Hurricane, HWmember, Natural Disaster, Trump administration /

Following a dramatic turn of events at the Federal Emergency Management Agency (FEMA) last week, the newly-installed acting leader acknowledged that the agency does not have a disaster response plan even though hurricane season is jus two weeks away. Former acting FEMA chief Cameron Hamilton initially raised eyebrows when he was chosen to lead the

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Longbridge wins partial preliminary injunction against Mutual of Omaha

HECM, HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse /

The federal judge overseeing the case brought by reverse mortgage lender Longbridge Financial against market leader Mutual of Omaha Mortgage over allegedly deceptive advertising practices has ruled that some of Longbridge’s claims warrant limited injunctive relief, finding that “the law and facts clearly favor some of Longbridge’s claims.” The order was handed down Tuesday by

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What do you call an iBuyer that isn’t iBuying houses?

Housing Inventory, HWmember, iBuying, OfferPad, Opendoor, Real Estate /

Opendoor looked like it had the potential to disrupt the entire residential real estate industry when it launched in 2014, but today it and competitor Offerpad are almost afterthoughts. The so-called iBuyers have yet to find a way to consistently turn a profit, and their presence in the industry has slowly shrunk. With macroeconomic headwinds

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UWM rolls out AI tools to analyze rivals’ offers, virtually assist borrowers

Artificial Intelligence, HWmember, LendingLife, Mortgage, Mortgage Broker, Origination, Technology, United Wholesale Mortgage, Wholesale Lending /

United Wholesale Mortgage (UWM) is rolling out new artificial intelligence (AI)-powered tools designed to help brokers analyze competitors’ loan estimates and assist borrowers online. The tools aim to improve retention as refinancing activity is expected to rise. The company announced the launches during its UWM Live! event on Thursday in Pontiac, Michigan, amid intensifying competition

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eXp Realty launches UPGRADE community with new hire

Brokerage, Continuing Education, eXp Realty, HWmember, Real Estate, Real Estate Agents, Seattle /

Vija Williams — a longtime real estate executive and current head of industry at technology platform PLACE — is joining eXp Realty, where she will launch a new agent-focused initiative called UPGRADE. Williams, who also co-owns the Seattle-based Vija Real Estate team, described the move not simply as a career transition but part of a

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MORE Seller Financing wants to debunk ‘the bad rap for wraps’

Affordability, eXp Realty, Home Sales, Homebuyers, Housing Market, HWmember, Luxury Real Estate, Mortgage Rates, Real Estate /

In an era of high mortgage rates and stagnant home sales, a real estate transaction model is making waves by reintroducing and standardizing a once-popular financing method. Ryan Leahy, the founder of MORE Seller Financing, said his company has created the first nationwide platform to bring consistency, compliance and clarity to seller financing — a

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Purchasing a home with all cash gives buyers a big advantage 

Contributors, HWmember, Opinion, Real Estate /

The tight housing market of the last few years gave home sellers a substantial edge. Many buyers had to bid over a home’s asking price just to have their offers considered. That led some savvy shoppers to make all-cash offers on homes, as it offered more certainty for sellers (making those bids more appealing) and

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