Judge blocks CFPB bid to undo Townstone redlining settlement
A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants.U.S. District Judge Franklin Valderrama ruled that allowing the CFPB t
Read MoreJudge sets trial timeline for Mutual of Omaha and Longbridge
An order signed by a magistrate judge in the U.S. District Court for the Southern District of California has established a forward timeline for the ongoing lawsuit between major reverse mortgage industry lenders Mutual of Omaha Mortgage and Longbridge Financial. A trial is scheduled to begin in Nove
Read MoreLogan Finance launches new product suite for non-QM borrowers
Nonqualified mortgage (non-QM) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements.The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investor
Read MoreAging in place increasingly embraced by independent senior living companies
Senior living organizations are often seen by the public as opposing ideas related to aging in place, but one senior living executive says that the industry’s future may lie in facilitating this increasingly common goal.This is according to an interview with Tod Petty, chief marketing officer at Fyn
Read MoreCentury 21 expands yet again — this time in Northern California
Century 21 Real Estate has announced a new affiliation with Kobetz Realty Inc., a full-service brokerage based in Ukiah, California.The move expands Century 21‘s presence in Mendocino County and the surrounding region.Founded in 2020 by broker/owner Benjamin Kobetz, the firm will now operate as Cent
Read MoreFederal Reserve watchdog investigates efforts to dismantle CFPB
As Trump administration officials press ahead with their efforts to dismantle and defund the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Office of the Inspector General (OIG) is reportedly opening an investigation into moves to fire the vast majority of CFPB and attempted cancel
Read MoreEliseAI to integrate conversational AI into Zillow Rentals listings
EliseAI is finalizing a partnership with Zillow Rentals to embed its conversational artificial intelligence (AI) technology directly into multifamily rental listings on the Zillow platform.The integration is expected to launch in the third quarter of 2025.Branded as AI Assist, Powered by EliseAI, th
Read MorePartner Real Estate soars to new heights among mega teams
Partner Real Estate is on the rise — and making its presence felt. The Los Angeles-based independent brokerage achieved its best-ever placement in the 2025 RealTrends rankings, coming in at No. 13 among mega teams by closed sales volume.For Rudy Kusuma, CEO of the team, the distinction represents mo
Read MoreNevada senator accelerates criticism of Republican federal lands proposal
As Republican lawmakers continue to press ahead with a proposal to sell wide swaths of federal land, one official in a state that would be impacted is ramping up her opposition to plans from both the Trump administration and her congressional colleagues.Democratic Sen. Catherine Cortez Masto of Neva
Read MoreLower to settle LO poaching dispute with Residential Wholesale Mortgage
Ohio-based digital mortgage lender Lower and Residential Wholesale Mortgage (RWM) have moved to settle a poaching lawsuit filed earlier this year in federal court in Texas.A two-page notice filed by Lower on May 16 offered few details about the settlement, but it signals the end of a brief legal bat
Read MoreMLS PIN settlement gains preliminary approval … again
The settlement agreement between MLS Property Information Network (MLS PIN) and the Nosalek commission lawsuit plaintiffs has been granted preliminary approval for a second time.Judge Patti B. Saris of U.S. District Court in Boston granted preliminary approval to the fourth amended settlement agreem
Read MoreDiane Tomb out, Chris Morton in as CEO of ALTA
The American Land Title Association (ALTA) has appointed Chris Morton as its new CEO effective immediately, the organization announced Tuesday.Morton, who previously served as ALTA’s senior vice president of public affairs and chief advocacy officer, succeeds Diane Tomb, who filled the seat for the
Read MoreThe feud between Robert Reffkin, Zillow rages on
There are still three more weeks before Zillow’s new listing standards policy goes into effect, but Compass CEO Robert Reffkin is not wasting time pushing back against the policy.In a LinkedIn post on Monday, Reffkin claimed that Zillow no longer displays all MLS listings to prospective homebuyers.
Read MoreThese suburbs saw the largest increases in renters during the pandemic
The wave of migration set off by the COVID-19 pandemic pushed home prices through the roof in towns that had previously been relatively sleepy. While data shows that some narratives at the time proved to be a bit overstated, there’s no question that it reshaped housing markets across the country.A r
Read MoreCFPB enforcement head resigns, citing ‘no intention to enforce the law’
Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump.Peter
Read MoreJudge rejects bid to block NYC broker fee reform
A federal judge on Tuesday refused to block a landmark New York City law that will shift responsibility for paying broker fees from renters to landlords — clearing the way for the Fairness in Apartment Rental Expenses (FARE) Act to take effect on Wednesday.U.S. District Court Judge Ronnie Abrams den
Read MoreHow to navigate a successful brokerage acquisition
In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation. “Almost any time in history the U.S. federal government gets involved in this kind of litigation against
Read MoreHouse Democrats call for more action on US housing crisis
As the economic situation for many Americans continues to evolve due in part to the cost of housing, one Democratic member of the House of Representatives used her time on the floor Tuesday to call for more action to address rising housing expenses.Rep. Shontel Brown (D-Ohio) on Tuesday introduced a
Read MoreFormer CFO sues Real Brokerage, alleges discrimination
The former chief financial officer of cloud-based real estate firm The Real Brokerage has filed a federal lawsuit alleging she was pushed out of the company after becoming pregnant and taking maternity leave.Michelle Ressler, who was relieved of her role as CFO in April, claims in the suit that Real
Read MoreRocket Pro announces partnership with Vetted VA
Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits.The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so th
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