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

HUD and the FHFA are changing. Here’s everything you need to know

Workforce cuts, the rescission of Fair Housing initiatives and COVID assistance, and multiple pathways for Fannie Mae and Freddie Mac are all under discussion at the federal housing agencies. Continue reading

Redfin shareholders approve Rocket merger at special meeting

With antitrust regulators declining to weigh in, $1.75 billion deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month. Continue reading

DOJ removes Nosalek settlement objection — with a strong warning

The federal law enforcement agency withdrew objections to a fourth proposed settlement between plaintiffs and MLS PIN Tuesday, but cautioned that the MLS was not immune to future legal action. Continue reading

DOJ signals withdrawal of MLS PIN settlement objection in Nosalek

The fourth amended settlement, if approved, would prohibit offers of cooperative compensation on MLS PIN’s platform and raises the total proposed settlement fund from $3 million to $3.95 million. Continue reading

Motto Mortgage opens new offices in Texas, Florida and Missouri

Since peaking at 246 offices in Q4 2023, RE/MAX’s mortgage franchising business has experienced declines for five consecutive quarters. Continue reading

NAR appoints new SVP, VP of communications department

Nearly six months after its previous communications vice president resigned, the National Association of Realtors has added two new communications and marketing directors to its executive team. Journalism veteran Bennett Richardson will serve as the se… Continue reading

Pending home sales tank 6.3% in April as mortgage rates stay high

Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. Continue reading

Trump, Pulte shed more light on plans for Fannie and Freddie

Promise that the government will maintain “implicit guarantees” of the companies’ obligations suggests that what Trump has in mind is monetization, not privatization. Continue reading