‘Not done’: Antitrust litigation in real estate is just warming up

In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk. Continue reading

CMLS urges NAR to keep Clear Cooperation in new letter

CMLS CEO Denee Evans argued against the “removal or significant weakening of a policy so critical to the integrity of our housing market” in an open letter to NAR and its members Friday afternoon. Continue reading

Vamos a Guatemala! KW expands in Central America

The company is opening its first franchise in the Central American country amid an ongoing push to expand in new global locations. Continue reading

Infamous investor Patrick Carroll arrested in Wyoming

Multifamily investor Patrick Carroll was arrested in Wyoming this week due to a warrant issued for aggravated stalking charges in Florida. The investor was recently in Massachusetts for mental health treatment. Continue reading

Profits roll in at Mr. Cooper as it pursues tech-fueled growth

Deal to acquire Flagstar’s mortgage servicing business and correspondent lending platform is projected to grow Mr. Cooper’s servicing portfolio to $1.59 trillion. Continue reading

CoStar acquires management platform Visual Lease

Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar’s core commercial real estate business. Continue reading

Maine team jumps to eXp Realty, citing commission suits as a reason

Steven Brackett and his 36-agent team have moved to the virtual brokerage. Brackett cited tools and training, as well as the commission lawsuits, as reasons that convinced him to make the move. Continue reading

The real estate industry is more politically split than you think

Amid a tumultuous year for the real estate industry, Realtors have donated millions to political causes — and Democrats have managed to collect more than Republicans from the industry’s rank and file. Continue reading

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper. Continue reading

PrimeLending just hired a rival’s CEO to be its new head of growth

Former Benchmark Mortgage CEO Brian McKinney has been charged with driving company growth following the launch of a more inclusive mortgage underwriting process and home equity product. Continue reading