As commission lawsuits mount, personal injury lawyers see an opportunity
As copycat commission lawsuits spread across the country in the wake of the Sitzer/Burnett jury verdict, a new demographic of plaintiffs’ attorneys are getting in on...
Rocket Mortgage faces class-action lawsuit for unsolicited telemarketing calls
Detroit-headquartered lender Rocket Mortgage faces a class-action lawsuit for making repeated, unsolicited telephone calls, violating the Telephone Consumer Protection Act (TCPA).
According to the suit filed in...
Mark Willis steps back into CEO role at Keller Williams
Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. Marc King will continue to...
Fintech Stavvy acquires technology suite SigniaDocuments
Stavvy, a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage...
Plunk, BHR partner on property data intelligence
Plunk, an AI-powered home analytics platform, announced a proptech partnership with BHR, a housing data aggregator. Through this collaboration, BHR’s RealReports platform will integrate Plunk’s proprietary AI...
Homebuyers made larger down payments as mortgage rates surged in Q3: Realtor.com
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs.
On average, homebuyers put down 14.7% of the...
Class Valuation acquires AMC Valuation Connect
Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of mortgage technology company...
UWM to cover appraisal costs on 1-0 temporary rate buydowns
Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry.
The wholesale...
NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024
Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence...
FHA: MMI Fund remains healthy despite mortgage headwinds
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for the Mutual Mortgage...