A new tech showcase is in the works that aims to provide guidance and clarity to the mortgage industry as it tries to uniformly address shared residential lending compliance issues. A cooperative effort between the Conference of State Bank Supervisors and the Mortgage Industry Standards Maintenance Organization, the tech sprint will kick off with a […]
Mortgage industry groups announce new tech sprint Read More »
PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year. The California-based mortgage lender increased its net income during the third quarter through
Pennymac posts Q3 profit of $181M, fueled by servicing strength Read More »
CoStar Group has found itself on the defendant side of a lawsuit. On Tuesday, REcore Solutions, a vendor providing licensing services for California Regional MLS (CRMLS), as well as other MLSs across the country, filed a lawsuit against the Andy Florance-helmed firm, over alleged breach of contract. In the lawsuit, REcore claims that CoStar and
REcore sues CoStar and Homes.com over alleged breach of contract Read More »
eXp Realty has unveiled eXp Sports & Entertainment — a new division within eXp Luxury aimed at serving professional athletes, entertainers and other high-profile clients. The announcement was made Tuesday during eXpCon Miami, the brokerage’s annual real estate conference. eXp Sports & Entertainment provides agents with certification, branding tools and access to a global network
eXp Luxury unveils division for high-profile clients Read More »
eXp Realty has announced the launch of two major artificial intelligence (AI) initiatives; Mira, a new AI-powered business assistant — and the eXp University AI Accelerator Series, an eight-week program aimed at helping agents learn to integrate AI and automation. Unveiled Tuesday at eXpCon Miami, Mira allows agents to instantly access real-time business data, navigate
eXp Realty launches AI assistant ‘Mira,’ AI training program Read More »
Mortgage rates have edged slightly lower over the past few days, hovering near year-to-date lows as markets weigh the ongoing government shutdown and await key inflation data later this week. “Rates have been fairly flat the last week and a half; the shutdown really hasn’t — at least as far as the mortgage market is
Mortgage rates dip slightly, staying near 2025 lows ahead of CPI report Read More »
Compass is adding another feature to its suite of agent technology tools. On Tuesday, the Robert Reffkin-helmed firm announced the launch of Buyer Demand. Buyer Demand enables Compass agents and their home seller clients to see the number of serious buyers in Compass’s network who are searching for homes that match theirs. Compass says this
Compass launches Buyer Demand tool to help agents price homes Read More »
Trade groups representing community banks and home lenders are urging the Trump administration to allow Fannie Mae and Freddie Mac to purchase mortgage-backed securities (MBS) to help bring down mortgage rates. The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to enable the GSEs to purchase up to $300 billion of their own
Trade groups push plan to let GSEs buy MBS to ease mortgage rates Read More »
Selling a home has become a more complex decision as online platforms offer new ways to bypass real estate agents. According to a new Clever Offers survey, 42% of sellers said market conditions influenced how they sold their home, and many chose alternative routes such as cash buyers, iBuyers or for-sale-by-owner listings. Of those who
Why More Homeowners Are Selling Without Agents Read More »
The National Association of Realtors (NAR) has weighed in on the ongoing debate over whether or not Zillow’s app integration with OpenAI’s ChatGPT violates MLS IDX policies. In a statement issued on Tuesday, NAR said that when it comes to enforcement, “each MLS is individually responsible for conducting its own assessment of technologies that use
It’s up to MLSs to decide if the Zillow-ChatGPT integration violates IDX policies Read More »