Monthly Archives: September 2024

OceanFirst Bank settles DOJ redlining allegations for $15M

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Since launching an initiative to combat redlining in 2021, federal prosecutors have reached settlements with 13 mortgage lenders totaling more than $137 million. Continue reading →

Buyer commission suit against Hanna adds new, familiar plaintiffs

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There are now more than two dozen named plaintiffs in an antitrust case against the parent company of Howard Hanna, several of them also plaintiffs in other buyer commission suits. Continue reading →

Fed begins rate-cutting campaign with reduction in federal funds rate

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Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates. Continue reading →

The top 35 agents in Hollywood today are still setting records

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LA’s top luxury agents are continuing to sell at staggering heights despite a variety of market factors working against them, all while keeping their sometimes temperamental celebrity clients happy. Continue reading →

UWM and Rate join the $802K conforming loan limit party

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With prices rising, it’s becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA’s official announcement. Continue reading →

What’s the biggest challenge in your business today? Pulse

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Let us know what’s keeping you up at night and what’s helping you move forward during a time of unprecedented change. Continue reading →

Keller Williams to settle lawsuits over scrapped profit share plan

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Former Keller Williams agents had filed suit in recent months over the company’s now-abandoned plans to slash profit sharing for agents who jumped ship for rival brokerages before April 2020. Continue reading →

Era Ventures launches record-breaking $88M real estate fund

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Clelia Warburg Peters, Era Ventures’ founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation. Continue reading →

Upfront lands $2.5M in funding to streamline credit access for agents

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Even before the commission crunch, real estate agents have struggled to make ends meet. Through brokerage partnerships, Upfront aims to ease access to credit for working agents.
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The long view: Take the Inman Intel Index survey for September

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A month into the NAR settlement era, the Inman Intel Index is tracking the impact on buyers, sellers, agents and brokerages. Add your voice to real estate’s most ambitious monthly survey today. Continue reading →