Backers of rival mortgage credit scores wage public relations war
As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
by Matt Carter Jul 17
Buyer antitrust suit alleges Real, Realty One, Vanguard and The Agency conspiracy
Illinois resident Kevin Cwynar's class-action case alleges the brokers and NAR rules have caused potentially hundreds of thousands of homebuyers to pay up to thousands of dollars in excess commissions
Government regulator lets BofA mortgage off the hook 3 years early
The 2023 order, aimed at ensuring collection of information about applicants' race, ethnicity, gender, wasn't scheduled to be lifted until 2028. Regulators say bank has fulfilled its obligations
by Matt Carter Jun 25
Home price gains relaxed in April, near slowest pace in 2 years
The FHFA HPI rose 3% on an annual basis in April, while the S&P CoreLogic Case-Shiller Index posted a 2.7% annual gain
by Lillian Dickerson Jun 24
Frank Lloyd Wright's prairie-style DeRhodes House lists near $1.18M
The first home that late American architect Frank Lloyd Wright ever built in Indiana, near the beginning of his storied career — and one of 2 in South Bend — has just hit the market for $1.175M
by Richelle Hammiel Jun 16
2 Americas: Housing markets the Great Rebalancing has left behind
The market has undeniably shifted from the extreme seller's environment of the early pandemic. But in much of the U.S., buyers still face substantial inventory constraints, an Intel analysis shows
by Daniel Houston Jun 16
Court denies CFPB's request to vacate fair lending settlement
Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request 'a Pandora’s box the court refuses to open'
by Matt Carter Jun 12
NAR downplays former employee's amended retaliation complaint
Former National Association of Realtors product manager Roshani Sheth updated her complaint with more details, but the trade organization insists her additional allegations 'doom' her claims
by Andrea V. Brambila Jun 12
CFPB enforcement chief resigns, saying mission 'under attack'
The Trump administration is seeking to cut 90% of the CFPB's workforce, and has dismissed about 20 active enforcement cases and moved to vacate or weaken several finalized settlements
by Matt Carter Jun 11
Brad Loe joins Corcoran Group to head Chelsea Flatiron office
Loe has more than 2 decades of industry experience and most recently served as executive vice president and director of sales at Berkshire Hathaway HomeServices New York Properties
by Lillian Dickerson Jun 10
Luxury home values have hit $1.8M, bucking the spring slowdown
A new report from Zillow shows that luxury home values rose 2.7% over the past year, with the typical luxury home now valued at around $1.8M
by Richelle Hammiel Jun 6
US inventory exceeds 1M homes for first time in 6 years
Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels
Home price growth rose seasonally in March, but continues to slow
The S&P CoreLogic Case-Shiller National Home Price Index rose by 3.4% on an annual basis, and the Federal Housing Finance Agency's Home Price Index rose 4%, data released Tuesday shows
by Lillian Dickerson May 27
Village to take Pope Leo XIV's former home via eminent domain
Weeks before the current owners planned to sell the home in Dolton, Illinois, by auction, the Chicago suburb announced it would take ownership with its eminent domain powers
by Taylor Anderson May 21
Illinois bill seeks to make Clear Cooperation into law
If passed, HB 3452 would require brokerages to market properties for sale on public platforms within 1 day of entering into an agreement with a seller, unless the seller signed an opt-out form