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

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

Letitia James pleads not guilty, seeks dismissal of fraud case

James’ attorneys will argue that she is a victim of vindictive prosecution and that Lindsey Halligan, the lone U.S. attorney who signed her indictment, was appointed illegally. Continue reading

Feds bust real estate execs in $25.9M scheme against homeless

Real estate developers Cody Holmes and Steven Taylor have been accused of defrauding a program that funds affordable housing projects and are now facing decades in federal prison. Continue reading

Feds charge Trump nemesis Letitia James with bank fraud

James calls allegations over $109,600 mortgage baseless retribution, and a “continuation of the president’s desperate weaponization of our justice system.” Continue reading

Fannie, Freddie close NY offices as Trump battles Letitia James

The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading

Supreme Court not ready to let Trump boot Fed Governor Lisa Cook

The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading

Compass-Anywhere merger FAQ: How will it change real estate?

What does the Compass-Anywhere deal mean for private listings? For NAR? For agents in the trenches? We’ve got the answers Continue reading

MLS PIN wins final settlement approval in Nosalek case

A judge had previously granted preliminary approval of the $3.95M settlement, which removed the option to display offers of compensation to buyer brokers on the MLS. Continue reading

Here’s the essential reading on the Compass-Anywhere deal

Lock in with Inman’s ongoing coverage of the Compass-Anywhere merger — from deal details and culture clashes to agent reactions and what it means for the future of real estate. Continue reading

Here’s what comes next in the Compass-Anywhere deal

The FTC and Department of Justice are expected to scrutinize the impacts of the deal — which would give the merged companies a combined market share of 18 percent Continue reading