Final approval pending for 15 commission lawsuit settlements.
Judge Stephen R. Bough will evaluate settlements from major brokerages like Side, NextHome, and JPAR, impacting private lenders' industry dynamics.
California Home Sales and Median Prices Decline in May
Total active home listings have surged nearly 50% year-over-year, despite a decline in median sales prices, highlighting evolving market dynamics.
Homebuilders lack incentive to increase permits amid rising interest rates.
New home sales increased last month; however, builders remain cautious about issuing new permits or starting projects amidst persistently high mortgage rates.
ERA Real Estate Affiliate Grows Presence in Pennsylvania
Company aims to leverage acquisition for growth, focusing on team expansion and new office openings to enhance its market presence and service offerings.
Builder Confidence Declines to Lowest Point Since December 2022
"Elevated mortgage rates and economic uncertainty are causing buyers to hesitate, impacting builder confidence and the market outlook for private lenders."
NHC warns of pitfalls in ending GSE conservatorships amid competition pressures.
The NHC consults over 100 experts, unveiling a plan to privatize government-sponsored enterprises, highlighting potential shifts in the mortgage landscape.
Keller Williams Encountering Another Telemarketing Lawsuit
Plaintiff Sydney Thayer has initiated a class action lawsuit in U.S. District Court in Rochester, New York, potentially impacting the mortgage industry landscape.
Report Indicates First Decline in Typical Down Payment Levels in Two Years
Down payment levels are declining as more buyers opt for FHA and VA loans, indicating a shift in financing trends. Explore the implications for lenders.
Virginia Homebuilders Collaborate on New Mortgage Lending Initiative
M2B Mortgage aims to enhance lending by offering a more personalized and efficient experience, appealing to private lenders seeking innovative partnerships.
Low-Fee Brokerage Firms Offer Significant Savings for Sellers, According to CPC
Home sellers may save up to $10,000 in broker fees by opting for a discount or flat-fee broker, as highlighted by findings from the Consumer Policy Center.