Tag Archives: Industry News

Lawyer’s letter offers glimpse into NAR’s internal harassment probe

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A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR’s behest, found evidence of “creepy” and “disrespectful” behavior that, until now, had not been made public. Continue reading →

Hubzu operator Altisource to issue more stock to pay down debt

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The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt. Continue reading →

Regulators place Porch’s insurance subsidiary under supervision

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Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co. Continue reading →

Insurers ‘dodged a bullet’ as Hurricane Idalia slams rural areas

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Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance suspending mortgage payments for up to 12 months. Continue reading →

Black Knight ready to spin off Empower, Optimal Blue businesses

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To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month. Continue reading →

John Davis files a racketeering lawsuit against Keller Williams

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Three months after a Texas judge sent former Keller Williams CEO John Davis’ $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims. Continue reading →

Cover up, circle the wagons, pounce on critics: NAR’s MO

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The arcane volunteer structure at the National Association of Realtors prevents proactive decision-making and erodes individual accountability, Brad Inman writes. Continue reading →

Guild Mortgage eyes the Midwest with First Centennial acquisition

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The acquisition of the Aurora, Illinois-based, family-owned lender marks San Diego-based Guild Mortgage’s fourth expansion since December, according to an announcement on Monday. Continue reading →

Tracy Kasper emerges as president of fractured NAR amid mild dissent

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One day into Tracy Kasper’s term as president of the National Association of Realtors, some agents have raised doubts about her ability to set the 115-year-old organization on the right path. Continue reading →