Wells Fargo free to grow again after Fed lifts $1.95T asset cap
Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets
by Matt Carter Jun 4
Redfin shareholders approve Rocket merger at special meeting
With antitrust regulators declining to weigh in, $1.75B deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month
by Matt Carter Jun 4
Commission advances keep some agents afloat while sinking others
Commission advance companies are booming as a lifeline for agents who can't afford to wait for closing day. While these services offer assistance, they often come with costly strings attached
by Richelle Hammiel Jun 4
Reffkin rails against 'organized real estate' at annual Compass retreat
The CEO rallied the firm's agents and staff against Compass naysayers, discussed short-term goals of seller choice and agent listing attribution, and unveiled the latest rendition of Compass AI
DOJ removes Nosalek settlement objection — with a strong warning
The federal law enforcement agency withdrew objections to a 4th proposed settlement between plaintiffs and MLS PIN Tuesday, but cautioned that the MLS was not immune to future legal action
Why your brokerage needs a service, not just sales, funnel
Focus on the client lifecycle to build loyalty and enhance brand reputation, ultimately driving retention, The Agency's Rainy Hake Austin writes
25 accelerators, podcasts and courses for agent entrepreneurs
You are your business's most important asset. Don't you deserve an upgrade? Drew Thompson shares educational and inspirational resources that will give you the boost you need now
by Drew Thompson Jun 4
5 real-talk tips for retaining real estate agents in 2025
Tailor your outreach and communication to the individual agent so that you're providing what they need to thrive, broker Holly Brink writes
by Holly Brink Jun 4
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Although Rocket's plans to acquire Mr. Cooper and Redfin are structured as all-stock deals, assuming their debts will leave Rocket more highly leveraged, Fitch analysts say
by Matt Carter Jun 3
Closing consistency drives launch of Goby Homes
Augmenting the company’s announcement is the National Association of Realtors naming founder Terrence Nickelson as recipient of its iOi Innovator of the Year Award
by Craig C. Rowe Jun 3
NAR may rescind 'no-commingling' rule this week amid DOJ scrutiny
The trade organization's MLS committee on Tuesday approved the elimination of the controversial policy at a meeting closed to the media. Its Executive Committee will take a final vote Wednesday
Fannie and Freddie may stay in conservatorship: Regulator
Shares in mortgage giants tumble as investors weigh whether the Trump administration is more interested in mining Fannie and Freddie's profits than privatizing them
by Matt Carter Jun 3
Proposed NAR hate speech changes advance to board vote
NAR's Professional Standards Committee on Tuesday moved to make the Realtor Code of Ethics applicable only to real estate-related activities. The board of directors will take a vote on Thursday
Hall Willkie steps down as president at Brown Harris Stevens
The industry vet will be moving into a consulting role as of July 1. East and West Side sales managers Itzy Garay and Kevin Kovesci will become co-presidents of the firm's NYC region
Record $700B worth of listings on market, but sales are sluggish
US home inventory hit a record $698B in April — a 20.3% increase from the previous year — but sales aren't keeping pace, a new analysis from Redfin shows
by Richelle Hammiel Jun 3