CrossCountry Mortgage settles sexual harassment case in Georgia

CrossCountry Mortgage (CCM), a branch manager in Georgia and a former employee have reached a settlement in a sexual harassment lawsuit, according to court filings. The case began in June 2023 when former processor Christina Nielsen alleged that branch manager Steven Bocca subjected her and other fe
Read MoreExisting home sales surprise with positive growth in July
Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker,
Read MoreSurvey: Job insecurity leading to home purchase delays

More than two in five American workers say concerns about job security are causing them to delay or cancel a major purchase such as a car or home, according to a new Redfin-commissioned survey. The survey found that 44% of employed U.S. residents put off or scrapped such purchases. Another 30% said
Read MoreBill Emerson to retire as president of Rocket Companies

Bill Emerson is retiring as president of Rocket Companies but will remain as a director, the company disclosed in a filing with the Securities and Exchange Commission (SEC). “After more than three decades at Rocket, Bill Emerson will step down as president at the end of the year,” a Rocket spokesper
Read MoreTech startup offering AI-driven property level risk modeling

San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build en
Read MoreIn New York, many seniors aren’t getting vital support services

New York is among the states where older residents are not receiving adequate levels of in-home care and other support services, according to a report published by a local news outlet. The report cited data from the Office of the New York State Comptroller, which found that some 16,000 of the state’
Read MoreColdwell Banker’s Jason Waugh on data, skills and seizing market opportunity

On a recent call with HousingWire, Jason Waugh, the president of Coldwell Banker Affiliates, reflected on a milestone at home — his oldest daughter heading off to college. “We’re putting the finishing touches on summer before she leaves,” he says. For Waugh, it was a reminder of transition, which is
Read MoreMortgage brokers say loanDepot is knocking at their door again

loanDepot appears to be building capabilities in the wholesale mortgage space — a channel it formally exited three years ago. Executives and owners at three mortgage brokerage shops told HousingWire they were recently contacted by loanDepot representatives who introduced themselves as account execut
Read MoreFirst American: Existing home sales remain subdued

Nationally, existing home sales remain muted even as housing inventory grows, according to a new First American analysis of the 75 largest U.S. metropolitan areas. Inventory in July was nearly 20% higher than a year ago, yet the flow of new listings rose only 5% compared with 2024. That distinction
Read MoreArkansas, Idaho metros lead the pack for new-home construction

Realtor.com has released a report that ranks the leading U.S. metropolitan areas for new residential construction as the country faces an estimated shortage of 4 million homes. The analysis examined the 100 largest metros based on the new-home share of listings, pricing compared to existing homes, c
Read More8 steps to creating a real estate business plan (+ free template)

After teaching thousands of agents how to build a real estate business plan, I’ve seen one result consistently. The agents who put in the work and plan ahead are the ones who stay in business. Your notebook full of random thoughts jotted down isn’t going to cut it. You have to create a roadmap that
Read MoreHow to guide real estate buyers through mortgage rate changes

Mortgage rates are a crucial factor in any real estate purchase, particularly given the significant rise in rates over the past few years. With the Fed meeting coming up in September, there is anticipation that they will drop, but rates are constantly shifting, presenting some potential difficulties
Read MoreAlanna.ai wants to help title agents with the new FinCEN rules

The title agent-focused artificial Intelligence technology firm Alanna.ai has launched a digital signing capability to help title agents and companies comply with Financial Crimes Enforcement Network’s (FinCEN) new reporting requirements. In an announcement on Friday, the firm stated that it has mad
Read MoreMichigan cities, lawmakers seek $800M for housing incentives

Michigan cities and a bipartisan group of state lawmakers are backing a $160 million annual budget proposal aimed at increasing housing construction and rehabilitation through local zoning changes and financial incentives. Officials say it could spur 10,000 new homes over five years — or about 2,000
Read MoreBonus Homes lands in Phoenix, unveils home equity release option

Bonus Homes, a real estate technology and investment firm, announced on Tuesday plans to open its headquarters in the Greater Phoenix area after raising $65.5 million in seed funding. A press release from the company said that the seed funding is from Solyco Capital, Redwood Trust, Nextview Ventures
Read MoreNAR faces new antitrust suit over alleged steering

A broker in Florida is suing the National Association of Realtors (NAR), along with state and local associations and MLSs, for alleged antitrust violations and steering homebuyers into using buyer’s agents. Filed late last week by Jorge A. Zea in the U.S. District Court for the Southern District of
Read MoreEx-GSE risk chief makes case for Fannie-Freddie merger

Clifford Rossi speaks from the vantage point of someone who has been inside the government-sponsored enterprises (GSEs). In different periods during the 1990s and 2000s, he served as a senior financial economist at Fannie Mae and as senior director of single-family risk management at Freddie Mac. Ro
Read MoreFirst American launches monthly rent automated valuation model

First American Data & Analytics has released an automated valuation model that estimates monthly rent for residential properties nationwide. The product — called Procision Rental AVM — updates daily on roughly 100 million properties, including single-family homes, condominiums and homes in planned-u
Read MoreMortgage rates continue their slow march toward 6%
Housing market dynamics have grown more favorable for buyers and sellers in August, and it’s possible that the fall of 2025 could see even better conditions if mortgage rates return to 6%. But they haven’t approached that level in nearly a year and haven’t been consistently below that threshold sinc
Read MoreNAR faces appeal of Eytalis antitrust suit

The National Association of Realtors (NAR) must face yet another appeal of a suit it was dismissed from earlier this summer. On Monday, plaintiff Luz de Amor Eytalis filed an appeal of the dismissal of her lawsuit against NAR, Paragon MLS Connect, Wichita Falls Association of Realtors and Texas Asso
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