Trump adds Canada to tariff pause on USMCA-compliant goods

Canada has been invited to the tariff pause party.President Donald Trump signed an agreement Thursday for a one-month pause to 25% tariffs on Canadian goods covered by the United States-Mexico-Canada Agreement (USMCA). This includes the majority of materials used in home construction, including lumb

TransUnion, Truework add mortgages to income verification tool

TransUnion has expanded its partnership with Truework to provide mortgage lenders with broader access to income and employment verification data.The collaboration integrates Truework’s verification system into TransUnion’s advanced programming interface (API), allowing lenders to verify borrower inc

DC housing inventory ticked up last week: Altos data

The housing market in Washington D.C. is being closely watched amid widespread layoffs of federal government workers. Sweeping cuts by Elon Musk’s DOGE agency have sent many government employees packing, while other staff need to find housing in the area to comply with return-to-work mandates.Will i

United expands westward with addition of MORE Realty

United Real Estate is expanding to the west. Portland, Oregon-based MORE Realty announced Thursday that it’s joining United’s national network. The move marks United’s entrance into Nevada and New Mexico, and it expands the company’s footprint to 34 states with 170 offices and more than 22,000 agent

Trump grants one-month tariff delay on most Mexican building materials

Tariffs on Mexican building materials are off — for now.President Donald Trump announced on Thursday that tariffs on Mexican goods that fall under the United States-Mexico-Canada Agreement (USMCA), his replacement for NAFTA that was implemented in July 2020, will be delayed until April 2.In a social

Is Your Home Priced Too High?

Even if your house is staged and well-maintained, it is only worth what the market will bear. To increase your chance of a quick sale, consider these signs that it may be time to adjust your selling price.Low TrafficAre you limiting your exposure? Since most buyers sort listings by price and locatio

Appeals court affirms ruling that ‘no commingling’ is not an antitrust violation

The Ninth Circuit Court of Appeals on Monday affirmed a U.S. District Court’s summary judgment ruling that the National Association of Realtors (NAR) and Zillow did not commit antitrust violations in the lawsuit filed against them by REX Real Estate.“The district court correctly concluded that there

NAR appoints Jonathan Waclawski as its general counsel

The National Association of Realtors (NAR) has a new general counsel as Jonathan Waclawski is joining the national trade group. The story was first reported by Bloomberg Law. Waclawski is succeeding Katie Johnson, whose 17-year tenure at NAR ended in October 2024. While new to this role, Waclawski i

Trump confirms 25% tariffs on Mexican, Canadian imports will start Tuesday

President Donald Trump said on Monday that 25% tariffs on imports from Mexico and Canada would start Tuesday, March 4, the Associated Press reported. And there’s no going back on it, he said.“Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters this afternoon.

Will mortgage rates allow for ‘peak’ homebuying season?

Over the last two months with economic uncertainty, the bond market has responded and the yield for the 10-year Treasury has declined by 60 basis points from 4.8% to 4.2%. The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December.It’s quite o

Compass adds Boschetti Realty Group in Florida

Compass announced Monday that it’s adding Florida-based Boschetti Realty Group and its two leaders, Maurice and Silvia Boschetti, to its ranks.The Boschettis bring decades of expertise and more than $500 million in career sales, according to a press release from Compass. Boschetti Realty Group arriv

CFPB employees told to continue “performing statutorily required work”

An email from the Consumer Financial Protection Bureau’s (CFPB) COO Adam Martinez, which was obtained by Bloomberg Law, told employees of the Bureau to continue working on “statutorily required work,” despite news mid-February in which the Bureau’s new head closed the headquarters and instructed emp

NRMLA opposes New York reverse mortgage disclosures bill

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. They argue that adding to and duplicating the currently required fed

CoStar closes $1.6B purchase of Matterport

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. “Matterport’s cutting-edge 3D capture and AI-powered property insights have alre

Union Home Mortgage acquires NRL Mortgage

Union Home Mortgage (UHM) on Monday announced its acquisition of Nations Reliable Lending, aka NRL Mortgage. The acquisition of Houston-based NRL will strengthen UHM’s book of business in Texas and southwest Ohio in particular.“Our company lives by the mantra of ‘Promises Kept,’ which not only inclu

CFPB contracting officer details ‘wholesale termination’ of key contracts

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia, saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau

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Trump orders immediate expansion of US timber production

President Donald Trump issued an executive order on Saturday calling for the immediate expansion of U.S. timber production to increase the supply of American lumber. The wide-ranging executive order calls for the Secretary of the Interior, the Secretary of Agriculture, the director of the Bureau of

Do mortgage rates have room to drop lower?

What a rollercoaster for economic news so far in 2025! As we head into March, many wonder, can mortgage rates dip even lower than we’ve seen since Jan. 14? Treasury Secretary Scott Bessent said Friday that “The housing market is stuck right now, but it will unfreeze in weeks.” Which begs the questio

Longbridge parent again touts reverse mortgage performance in Q4 earnings

Despite the potential for uncertainty ahead, reverse mortgages continue to be a positive addition to the overall portfolio of Ellington Financial.This is according to an earnings presentation the company held on Friday morning, detailing its financial performance in the fourth quarter of 2024. Multi