Realtor.com CEO slams private listings: ‘It is utter nonsense’

Realtor.com won’t ban private listings, but CEO Damian Eales argued in a new blog post that private listing advocates “are likely to find themselves on the wrong side of history.” Continue reading

Homesellers fight to keep legal battle with eXp, Weichert alive

The real estate brokerages want to pause a commission case known as Gibson while they wrap up a different lawsuit. But the Gibson homeseller plaintiffs don’t want their case put on ice. Continue reading

Chimera boosts non-QM presence with HomeXpress acquisition

The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading

Fairway Independent Mortgage buys itself a new Midwest division

Fort Wayne, Indiana-based Hallmark Home Mortgage is licensed in 18 states. Company founder and CEO Deborah Sturges is joining Fairway as a division manager. Continue reading

Former Real Brokerage CFO sues, alleges pregnancy discrimination

Michelle Ressler was fired earlier this year and replaced with Ravi Jani. She now says company leadership suggested she couldn’t be both an effective executive and a mother. Continue reading

Former Real Brokerage CFO sues, alleges pregnancy discrimination

Michelle Ressler was fired earlier this year and replaced with Ravi Jani. She now says company leadership suggested she couldn’t be both an effective executive and a mother. Continue reading

Foreclosures were up 9% year over year in May: ATTOM

States with the highest foreclosure rates in May included Delaware, Florida, Illinois and Indiana. ATTOM’s CEO described the situation as “a mixed picture.” Continue reading

More than 2.5M people have made commission settlement claims

The company handling notifications has sent out more than 100 million emails notifying homesellers about the settlements — and is charging more than $32 million for its services. Continue reading

Covius inks agreement to acquire Blend’s Title365 business

Colorado-based Covius will continue to provide integrated title and closing services to Blend’s customers, and Title365 President Kirby Hulbert will join Covius’s settlement services team. Continue reading

NAR overturns ‘no-commingling’ rule in Executive Committee vote

The committee opted to rescind the controversial “no-commingling” policy on Wednesday, one day after NAR’s Multiple Listing Issues and Policies Committee voted to scrap it amid DOJ scrutiny. Continue reading