Inman

Real Estate News for Realtors and Brokers

A&D Mortgage closes acquisition of Mr. Cooper’s 3rd-party channel
Deal gives the nation's biggest provider of riskier "non-QM" mortgages additional capacity to offer more traditional loans backed by Fannie and Freddie, FHA, VA and USDA.

Alexanders fire back against Side in counterclaim
The brothers have filed a counterclaim against the white-label firm, alleging that it manufactured events surrounding their disassociation from Side. They have also filed an opposition to Side's motion for contempt against them.

Bay Area, NYC buyers drive bidding wars as market shifts loom
A recent Redfin report found that 20.5 percent of homes sold above asking price in February, while 64.2 percent sold below and 15.4 percent sold at their asking price nationwide.

Compass acquisition offers a glimpse into @properties’ finances
Following its acquisition of Chicago's largest brokerage in January, Compass on Friday pulled back the curtain on @properties’ financial health over 12 months prior to the headline-grabbing merger.

Grant program incentivizes teardowns of old mobile homes
FHLB Cincinnati's Hundred Homes Initiative's $50,000 grants can be used for a down payment or closing costs on a newer home in Ohio, Kentucky or Tennessee, and pay for the disposal of vacated mobile homes

Agents can help sellers unlock value with renovation ROI: Revive
Revive has used its findings in the presale renovation space to produce an extensive white paper that dedicates its pages to proving the value of updating a home before selling it.

Rocket’s appetite for growth could ding corporate debt rating
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion.

Agents feel joy, rage, confusion over Clear Cooperation ruling
Some respondents to Inman's Pulse survey seemed furious about the determination, while others were pleased, especially at the fact that CCP had been preserved. Still, multiple respondents simply expressed confusion over the new policy.

How and when to say ‘no’ as a new real estate agent
Coach Verl Workman writes that setting healthy boundaries, including saying "no" when needed, provides a more balanced life and fulfilling career in real estate.

Motto Mortgage CEO announces upcoming retirement
Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016.

Judge rebuffs bid to transfer case over alleged eXp ‘sweetheart deal’
A federal judge in Georgia has rejected a bid to transfer a case against eXp Realty and Weichert to a federal court in Missouri over allegations the companies negotiated a “sweetheart deal” to resolve commission-related antitrust claims against them nationwide.

Lodgerin software release addresses mid-term rental niche
The niche Lodgerin addresses is businesses and universities — its primary markets — being faced with finding suitable, affordable and safe occupancy solutions for employees and constituents when working or serving in locations abroad.

NYC’s tax revenue soars, while job market faces its own challenges
Real estate-related taxes soared to an all-time high of $37 billion last year. That figure is expected to climb even higher to $40 billion in 2025, according to a REBNY report.

Zeckendorfs accused of ‘brazen fraud’ in $80M penthouse sale
According to the complaint, developers and brothers Arthur and William Lie Zeckendorf of Zeckendorf Development, LLC allegedly rushed to close the deal before news broke about a planned 37-story skyscraper next door that would erase the penthouse's premium-priced park view.

EXCLUSIVE: Restb.ai leads 10 more MLSs in march to data efficiency
Ten additional multiple listing services have hired Barcelona’s Restb.ai to amp up the pace and sophistication of how listing data is populated, made compliant and broadcast to consumers.

Your Clear Cooperation, delayed marketing exempt listings FAQ
Team leader Carl Medford dives into a high-level overview of the changes to CCP and the larger issues that will arise from its implementation.

Compass clients signal legal action against NWMLS
A new website soliciting plaintiffs for a possible class-action suit against the Washington MLS asks homeowners if they've sold in the state and seen "a price drop or significant days on market."

Judge faces another call to recuse himself over political donations
Gibson plaintiffs accuse Hanna Holdings of "judge shopping." Berkshire Hathaway Energy and Hanna Holdings say donations to Judge Bough’s wife’s city council campaigns are disqualifying.