Tag Archives: Department of Justice

Assault on the MLS: How the Compass-Redfin deal threatens the open market

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This isn’t about one company’s competitive edge, America Foy writes. It’s about whether the American real estate market remains an open, transparent system. Continue reading →

Compass-Anywhere, Gary Keller, eXp earnings: Inman Top 5

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Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading →

Approval of Compass-Anywhere merger ‘raises questions about corruption’ at AG’s office: Senator

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A letter addressed to U.S. Attorney General Pamela Bondi and signed by 18 members of Congress asks for more information about the DOJ’s review of the merger, which it says was cleared “under extraordinarily questionable circumstances.” Continue reading →

Fed chair responds to ‘political pressure, intimidation’ by Trump’s Justice Department

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Federal Reserve Chair Jerome Powell issued a rare warning in a video statement on Sunday that the Fed’s independence was under threat of political intimidation, as evidenced by grand jury subpoenas served to the bank on Friday by the DOJ under what Pow… Continue reading →

The deal is done: Compass and Anywhere have officially merged

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Less than four months after Compass and Anywhere — two of the biggest companies in real estate — announced a planned merger, the firms closed the $1.6 billion deal on Friday after receiving a majority of shareholder approval. Continue reading →

Dems raise antitrust concerns over Compass-Anywhere merger

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Senators Elizabeth Warren and Ron Wyden are asking the DoJ and FTC to “thoroughly investigate” the pending deal, which they claim would “entrench existing antitrust and price manipulation concerns that have been at the center of mounting litigation.” Continue reading →

DoJ whiffs in third attempt to indict Trump nemesis Letitia James

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Since the original charges against James were thrown out in November, the DoJ has reportedly tried and failed to obtain indictments from two different federal grand juries. Continue reading →

Letitia James mortgage fraud case thrown out, but can be refiled

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The prosecutor who filed charges against James and former FBI Director James Comey was unlawfully appointed, a judge ruled. Continue reading →

NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’

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At the end of his historic two-year term as president of the National Association of Realtors, Kevin Sears reflects on his legacy, the DOJ, 50-year mortgages and more. Continue reading →

There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regluator

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FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading →