Nonbanks cement their dominance in agency servicer/seller market

New issuance of agency mortgage servicing pools is down sharply — $555 billion through the first six months of 2025 versus $1.1 trillion in the same period last year — and is reflective of a sluggish origination environment. That’s according to Recursion‘s Agency Mortgage Servicer/Seller Report for

Compass opens exclusive listings to rivals — with strings attached

In a surprising move, Compass announced Friday it will open its exclusive inventory to any real estate brokerage or multiple listing service (MLS) — marking a shift for a firm long known for promoting private listing networks.The offer comes with strict conditions: listings must remain unaltered, wi

House Democrats push back on crypto legislation with ‘anti-corruption’ efforts

Congresswoman Maxine Waters (D-Calif.) and Congressman Stephen Lynch (D-Mass.), announced on Friday that next week will be known as “Anti-Crypto Corruption Week.”During this time, they plan to rally Democrats to push back against Republican efforts to fast-track three pieces of legislation related t

Mortgage delinquencies are rising as homeownership costs pile up

Rising property taxes, insurance payments and growing delinquencies are eroding the promise of long-term stability in homeownership, according to a new blog from Cotality.The post revealed that across the country, more people are starting to fall behind on their mortgages due to the post-purchase co

A simple guideline change could boost home sales and help homebuyers

I think about homeowner affordability a lot.  My job as a loan officer is to help people prep and plan to buy a house.  Making sure they can afford the house is a responsibility I take very seriously.  I am passionate about the American Dream and helping my clients reach their goals. There is a lot

Trump administration ‘effectively disbands’ the PAVE task force

The Trump administration announced Thursday that it has ended the major policy provisions of the Biden-era Property Appraisal and Valuation Equity (PAVE) task force, “effectively disbanding” a program that sought to eliminate racial bias in the appraisal process.The directive primarily applies to tw

‘Dating the rate’ misled borrowers. Now they’re financially strained

“Marry the house, date the rate” is a phrase that was popularized during the post-pandemic era of rising mortgage rates. Lenders urged borrowers to focus on finding a house they were head over heels with and worry about their interest rate down the line.Borrowers who were accustomed to rates hoverin

PropStream expands lead generation tech through acquisitions

PropStream, a real estate data and analytics subsidiary of Stewart Information Services, has acquired lead generation and marketing platforms Batch Leads and Batch Dialer.The acquisitions merge PropStream’s property data capabilities with Batch Leads’ artificial intelligence-driven lead generation t

Bilt raises $250M to expand into mortgages, with backing from UWM

Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender.The funding brings Bilt’s valuation

Century 21 expands in Utah, adding Edge Real Estate

Century 21 Real Estate has announced the affiliation of Edge Real Estate, a Kaysville, Utah-based brokerage founded by Tiffany Kennard.The move expands the footprint of the Century 21 brand along Utah’s Wasatch Range and marks the rebranding of the firm as Century 21 Edges.Founded two years ago, Edg

RedKey Realty Leaders merges with RE Source, launches commercial division

RedKey Realty Leaders has announced a merger with RE Source LLC, a boutique commercial brokerage founded in 2001. The partnership, finalized on July 5, marks the official launch of RedKey’s commercial real estate division and adds a new office location in St. Louis.The merger brings seven commercial

Michael Campbell joins Title Resources Group as Michigan underwriting counsel

Title Resources Group (TRG) has named Michael Campbell as a vice president and underwriting counsel for Michigan.In this role, Campbell will support TRG’s title agents and escrow officers across Michigan and the broader Midwest.“Michael’s diverse title agency and underwriting background in high-volu

Why empathy is the leadership superpower real estate needs now

The qualities of great leadership are being redefined. Nowhere is this more evident than in high-stakes industries like real estate, where emotions can run high and relationships are paramount. While significant management experience or operational expertise are still important, it is the so-called

Trade groups applaud Jonathan Gould’s confirmation to OCC

On Thursday, the U.S. Senate confirmed Jonathan Gould as head of the Office of the Comptroller of the Currency (OCC) in a 50-45 vote.The confirmation marks another Trump administration appointee who supports more lenient oversight of the banking sector and a more welcoming stance toward cryptocurren

Housing market slowdown hits retirees long after they’ve sold

In 2020, Arlene Kohen, an 89-year-old widow, moved into Harborside, a luxury continuing-care retirement community in Long Island, New York. She paid a $945,000 entrance fee and $5,700 per month, with Harborside promising to refund 75% of the entrance fee upon death or departure.But after struggling

Brandi Lewis returns to Keller Williams in Atlanta

Brandi Lewis, a prominent Atlanta-based real estate agent, has rejoined Keller Williams as of July 1, affiliating with Keller Williams Realty West ATL.Lewis, who began her real estate career with Keller Williams, has been appointed as director of luxury at the brokerage. The firm includes more than

Top Florida real estate team signs on with Compass

Compass has added The Korman Group — a high-performing real estate team led by Michael Korman — to its South Florida operations.The group will base its work out of Compass’s Boca Raton office, with operations extending into Miami, Fort Lauderdale, Palm Beach and Jupiter.Korman, who previously served

Atlas VMS acquires appraisal order management platform

Miami-based Atlas VMS on Wednesday announced the acquisition of appraisal order management platform AIM-Port. Atlas called the move a “significant step” in developing technology-driven solutions to better serve U.S. mortgage lenders and appraisal management companies (AMCs).“The acquisition of this

RentSpree partners with Hive MLS to expand access in Southeast

RentSpree has partnered with Hive MLS to integrate rental application and tenant screening tools directly into Hive’s multiple listing service platform. The new integration will be available at no cost to Hive MLS subscribers in Georgia, North Carolina and South Carolina. Hive MLS services more than

Compass names new regional vice president for the Gulf Coast

Compass is welcoming a new regional vice president for its Louisiana and Mississippi region. David Favret is joining Compass in this role, according to an announcement on Wednesday. Favret most recently served as the managing broker at Rêve Realtors, but has previously served as a broker at Latter &