Eyeing next refi boom, lenders plan to maintain or grow payrolls

Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall. Continue reading

Former Burger King CEO snags $17M Emory Roth penthouse

Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he’s stepping into a $17 million penthouse. Continue reading

Keller Williams hits milestone: $2B in profits shared with agents

The company celebrated during a live “growth call” with leaders from more than 1,000 franchisees in the U.S. and Canada. Nearly 150 KW agents have earned more than $1 million in lifetime profit share. Continue reading

Sidekick, OneKey MLS agree to new tech partnership

New York’s OneKey MLS has selected AI productivity solution Sidekick to be a new software option for its members. Continue reading

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading

Michael Valdes leaves eXp to lead LPT Realty global division

After four years at eXp Realty, Michael Valdes is moving to LPT Realty. After surpassing 10,000 agents in the U.S., the Florida-based brokerage is ready to expand internationally, executives told Inman. Continue reading

Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform

In what’s shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing. Continue reading

Real Talk: We can no longer ignore RPAC’s ethics problems

Trump’s newly appointed VP candidate introduced a bill in June that highlights the need to review RPAC’s ethics policies for candidates receiving funds, Rachael Hite writes. Continue reading

Lesson Learned: Cultivate trust and respect with competitors

Find out how NYC agent Andrea Saturno-Sanjana puts her unique skillset and global perspective to work in serving clients and connecting with colleagues. Continue reading

Dot your i’s and cross your t’s. The paper chase is here: The Download

Ed Zorn, Anthony Lamacchia and others weigh in on buyer agreements, commission sharing and everything you need to know about the new forms. Continue reading