New home sales shocked, but are these numbers legit?
Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since la
Compass-Anywhere deal sparks MLS reckoning
For many in the multiple listing services (MLS) industry, Monday’s announcement that Compass was acquiring Anywhere served as a wake-up call of sorts. Over the past year, Compass has worked to grow its stockpile of exclusive listings, but many did not consider the Robert Reffkin-helmed firm a serio
loanDepot challenges class-action suit tied to LO comp rules, steering
loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages f
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