John Davis files a racketeering lawsuit against Keller Williams

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

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

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

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

Nearly half of Better’s mortgage business now comes from partners

Better’s market share has shrunk by more than 70 percent in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42 percent of its mortgage business. Continue reading

Compass picks up 2 top agents in Chicago from @properties

Anne Hodge and Debra Dobbs are joining Compass in the Windy City. The agents together bring more than 60 years of experience in Chicago real estate, according to the company. Continue reading

Better shares plunge more than 90% in Nasdaq debut

In addition to going public at a bad time for mortgage lenders, Barron’s reports that a SPAC merger resulted in a huge increase in the number of shares outstanding. Continue reading

Keller Williams agent killed in boat accident before Mega Agent Camp

Beloved Keller Williams Moorestown agent Rob Montalbano died in a Lake Travis boating accident on Aug. 13. His brokerage and community have rallied to raise more than $68,000 for funeral costs. Continue reading

Share of first-time homebuyers hits highest level since 2010: Zillow

Unburdened by rate lock, the share of first-time homebuyers rose to 50 percent this year, according to a new report from Zillow. That’s the highest share since 2010. Continue reading