Bill White Jr. returns to Baird & Warner as VP of broker relations

Baird & Warner has named Bill White Jr. as its new vice president of broker relations for mortgage and title services, marking his return to the firm after several years at Compass. In his new role, White will act as the primary liaison between real estate agents, attorneys and loan officers to supp
Read MorePowell: Fed is reviewing Basel III, supplemental leverage ratio rules

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implement
Read MoreBeeline Title completes milestone crypto real estate deal

Beeline Title Holdings, a subsidiary of Beeline Holdings Inc., has closed what it says is one of the first residential real estate transactions funded through the sale of a cryptocurrency token backed by real property.The company described the deal as a milestone in merging decentralized finance wit
Read MoreHomebuyers finally catch a break with more inventory
Homebuyers in 2025 are finally getting some good news. Active housing inventory is returning to the levels we experienced before the pandemic, which means the chaotic and unhealthy housing market of the last several years is finally a thing of the past. As someone who was concerned about home prices
Read More15 commission lawsuit settlements gain final approval

In a move that’s unsurprising, U.S. District Court Judge Stephen Bough has granted final approval to 15 more commission lawsuit settlement agreements.Bough granted final approval to settlements negotiated in the Gibson and Keel suits during a joint hearing on Tuesday afternoon. The settling defendan
Read MoreRecord-high home equity provides opportunity for the reverse mortgage industry
Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza.That’s evident in data from the annual State of the Nation’s Housing Report
Read MoreHome prices are still climbing, but the pace is slowing
Home prices continue to outpace last year, but at a pace that’s slowing down.The S&P CoreLogic Case-Shiller Home Price Index for April rose 2.7% year over year, a deceleration from 3.37% in March, 3.9% in February and 4.1% in January. It’s the first data for the Case-Shiller that includes the period
Read MoreChristie’s affiliate adds five top agents in Northern California

Christie’s International Real Estate Sereno, the largest locally owned and operated independent real estate brokerage in Northern California, is continuing its growth with the addition of five top-producing agents — formerly with Intero Real Estate Services — to its South Santa Clara County operatio
Read MoreVolly’s new tech tool aims to improve collaboration between lenders, agents

Williston Financial Group (WFG) announced the release of a new digital tool through subsidiary Volly that aims to enhance collaboration between mortgage loan officers and real estate agents.The new feature, known as Volly Network Connections, is part of the company’s broader marketing suite and offe
Read MoreDoes Zillow’s policy really restrict Compass’s business?

While the more attention-grabbing parts of Compass’s complaint in its suit against Zillow included late night calls between Robert Reffkin and “co-conspirator” Redfin CEO Glenn Kelman, and a tense meeting with Zillow executives, the complaint also detailed the business impacts Compass is feeling as
Read MoreCFPB cuts short monitoring of BofA mortgage practices

The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028.In a filing made public Monday, the CFPB said the bank “fulfilled
Read MoreJerome Powell says the Fed isn’t budging on interest rates
The Federal Reserve has come under renewed fire from the Trump administration in recent weeks as the president and key housing officials battle with Chair Jerome Powell over the direction of interest rates.On Tuesday, while speaking to members of the House Financial Services Committee, Powell was re
Read MoreFour charts that perfectly illustrate the housing affordability crisis
Look at all the variables at play in the housing market and it’s hard not to feel pessimistic about the affordability crisis.Mortgage payments continue to increase thanks to high mortgage rates, home insurance premiums are on the rise in markets vulnerable to natural disasters and the rent is still
Read MoreWhy it’s time to rethink the appraisal default in home equity lending

With mortgage rates still hovering near multi-decade highs, homeowners are opting to hold onto their ultra-low first mortgages. Instead of refinancing, they’re tapping into their equity through home equity loans and HELOCs to finance renovations, cover tuition, or consolidate high-interest debt. Len
Read MoreHouse passes abusive trigger leads ban

The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups.The House’s action follows the U.S. Senate’s approva
Read MoreAnywhere welcomes Barri Rafferty as chief communications officer

Anywhere Real Estate has appointed Barri Rafferty as its new chief communications officer and head of public affairs. In this role Rafferty will lead Anywhere’s public relations, communications, government relations, and events and productions functions.“I’m honored to take on a new challenge at Any
Read MoreThe juiciest details in Compass’s lawsuit against Zillow

Given the animosity between Compass and Zillow over the portal giant’s listing standards policy, it came as little surprise when the Robert Reffkin-helmed firm filed a lawsuit against Zillow Monday morning. While the complaint contains many of the anticipated claims, including that Zillow enacted th
Read MoreThe mortgage market hopes for rate cuts amid war moves

Global tensions between the United States and Iran have led many in the mortgage industry to wonder whether the bombing of Iran nuclear sites would move bond yields and lead to a drop in mortgage rates. On Monday, just as economists were factoring in the possibility of war with Iran, at least one me
Read MoreInventory is rising, but existing home sales remain in a major slump
The May existing-home sales report from the National Association of Realtors (NAR) shows sales at just 4.03 million, a 0.7% decrease year over year and up 0.8% compared to April. It was the slowest May for existing home sales since 2009 and the fourth consecutive month with a year-over-year decline
Read MoreFICO to add Buy Now, Pay Later data to credit scores

Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday.The change will provide m
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