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Hanna, Windermere and three more brokerages settle home seller commission lawsuits

Brokerage, Commission Lawsuit, EXIT Realty, Howard Hanna Real Estate Services, HWmember, Legal, MLS/Associations, Real Estate, Sitzer/Burnett, William Raveis Real Estate, Windermere Real Estate Services /

An additional five home seller commission lawsuit settlement agreements have gained final approval. On Thursday, Judge Stephen Bough, a Kansas City-based U.S. District Court judge, granted final approval to settlements reached by Hanna Holdings, William Raveis Real Estate, EXIT Realty Corp., Windermere Real Estate Services and William L. Lyon & Associates with the Gibson suit […]

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House scales back proposed VA mortgage fee hike

Government Lending, HWmember, Legislation, Mortgage, U.S. Department of Veterans Affairs, U.S. House of Representatives, VA Loan, Veterans /

Just weeks after mortgage trade groups expressed concern about a bill in the U.S. House of Representatives that would raise fees on U.S. Department of Veterans Affairs (VA) loans, Republicans in Congress have revised the original proposal. The bill, H.R. 6047 — also known as the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act

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Restitution checks possible for some reverse mortgage borrowers after CFPB action

CFPB, HWmember, Legal, Mortgage Servicing, Novad Management Consulting, Regulatory Compliance, Reverse, Reverse Mortgage Daily, Sutherland /

Reverse mortgage borrowers whose loans were previously serviced by U.S. Department of Housing and Urban Development (HUD) subcontractor NOVAD Management Consulting LLC may receive reimbursement checks in the mail following a 2024 enforcement action brought by the Consumer Financial Protection Bureau (CFPB). The National Reverse Mortgage Lenders Association (NRMLA) notified its members on Friday morning in

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Redfin rolls out ChatGPT app for real estate searches

Artificial Intelligence, ChatGPT, HWmember, MLS/Associations, Real Estate, Redfin, Rocket Companies, Technology, Zillow /

Redfin, which is now owned by Rocket Companies, is following in Zillow’s footsteps and launching an app integration with OpenAI’s ChatGPT.  The company announced Friday that ChatGPT users now have access to a Redfin app within the platform that allows users to locate property listings relevant to their home search parameters and chat with the

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Judge denies Compass injunction against Zillow listing policy

Brokerage, Clear Cooperation, Compass, HWmember, Legal, Real Estate, Robert Reffkin, Zillow /

A New York City-based U.S. District Court judge has denied Compass’s preliminary injunction motion in its antitrust lawsuit against Zillow.  As a result of Judge Jeannette Vargas’ ruling, Zillow may continue enforcing its listing access standard policy, which bans listings from its site that have been publicly advertised for more than one business day prior

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Foreign investors keep U.S. real estate moving

Canada, Contributors, HWmember, Investment Properties, Investors, Mortgage Rates, Non-QM, Opinion, Real Estate /

While many of the latest conversations around the U.S. real estate market have focused on affordability and interest rates, one segment continues to move forward: foreign investors. While domestic buyers remain more cautious, investors from abroad are driving much of the transaction volume in many U.S. markets. One reason is that foreign buyers view risk,

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Does lead diversion help buyers, or does it undermine agent accountability?

Agent, Contributors, Homes.com, HWmember, Opinion, Real Estate, Real Estate Listings /

It’s a story of frustration that many buyers and agents can relate to. Buyers repeatedly reaching out to listing agents to see properties, only to receive no response. Calls go unanswered, questions linger and access to homes stalled. That frustration is real and deserves acknowledgment. Consumers should expect timely communication and professional conduct. Where the

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Rocket, Redfin air first joint Super Bowl ad

HWmember, Marketing, Mortgage, Redfin, Rocket Companies /

Rocket Companies and Redfin on Thursday unveiled a Super Bowl commercial centered on community and the importance of neighborliness, marking the companies’ first shared national ad and Redfin’s first appearance in a Super Bowl broadcast since the company’s founding 20 years ago. The 60-second spot, titled “America Needs Neighbors Like You,” will air during the

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Brown Harris Stevens names Maggie Ross to lead Brooklyn sales

Brokerage, Brooklyn, Brown Harris Stevens, Compass, HWmember, New York City, People Movers, Real Estate /

Brown Harris Stevens (BHS) is welcoming Maggie Ross as its new managing director of sales for the firm’s Brooklyn operation, according to an announcement on Wednesday.  Prior to accepting this position at BHS, Ross was an associate real estate broker at Compass.  In her new role at BHS, Ross will be tasked with overseeing all

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Reverse mortgage line of credit remains underused — but advisers may be receptive

Baby Boomer, Financial Adviser, HWmember, LendingLife, Mutual of Omaha Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Ryan Ponsford, a veteran financial adviser with more than 25 years of experience in wealth management, real estate and lending, is unequivocal: “The reverse mortgage line of credit is one of the most misunderstood, underutilized tools in retirement planning today.”   “The scary part — put five reverse mortgage people in a room and ask them

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