Heirs’ attempt to reopen HECM foreclosure fails in Connecticut

The family of a deceased reverse mortgage borrower in Connecticut, who sought to reopen a case involving the foreclosure of their relative’s home after her death, have been denied a motion to reopen the case after a judge found that standard procedures were followed.This is according to court docume
Read MoreFirstTeam begins national expansion, introduces new agent compensation plan

FirstTeam, an independent real estate brokerage based in Southern California, has begun its national expansion by opening new offices in Idaho and Washington, with plans to establish operations in Arizona, Nevada, and Oregon.Founded in 1976, FirstTeam operates more than 46 offices with 2,200-plus sa
Read MoreHomeowners have a collective $700B in ‘trapped’ equity

More than $700 billion in home equity is effectively “trapped” and inaccessible to homeowners due to a variety of economic circumstances, including employment shocks and shifts in the market that negatively impact their credit scores. This information comes from an economic analysis published last w
Read MoreRealReports partners with MLS Now, expanding access to AI property tool

RealReports, a property data technology firm, has entered into a partnership with MLS Now, Ohio’s largest MLS, to provide its artificial intelligence (AI)-driven real estate platform to more than 14,000 agents across Ohio and West Virginia.The collaboration gives MLS Now members access to RealReport
Read MoreBlend, Alloy expand fraud prevention partnership

Digital banking solutions company Blend Labs Inc. on Tuesday announced an expanded partnership with Alloy, an identity and fraud prevention platform provider.As part of the new agreement, Blend customers can now incorporate Alloy’s identity and fraud prevention capabilities into their consumer banki
Read MoreFBI warns of home title theft surge

The Boston division of the FBI is sounding the alarm over a rise in home title theft, aka quit claim deed fraud, a scheme in which scammers forge documents to steal property ownership and cash in on unsuspecting homeowners.“Folks across the region are having their roots literally pulled out from und
Read MoreZillow's listing performance feature gives agents deeper market insights sellers value

Homes.com’s Andy Florance hits back at Zillow

The battle over Clear Cooperation, delayed listings, and private networks is reaching a boiling point—and the portals are right in the crossfire. CoStar CEO Andy Florance is the next leader to speak out after Zillow announced that beginning in May, any property publicly marketed must be entered into
Read MoreDid recent wild mortgage rate swings impact housing data?
Last week, the financial markets reminded us of their dynamism as the 10-year yield rose sharply, pushing mortgage rates higher, but did it impact the housing market data? We’ve witnessed a solid year with purchase application data and our pending home sales contract data has shown year-over-year gr
Read MoreCFPB freezes nonbank registry rule after industry pushback

The Consumer Financial Protection Bureau (CFPB) announced on Friday that it’s rescinding a rule from the previous administration that requires nonbank financial services providers to register certain enforcement actions and court orders with a new federal database. The regulation was the target of c
Read MoreInside the 2025 housing market: inventory growth, affordability pressure, and what comes next

In an exclusive HousingWire virtual event, HousingWire President Diego Sanchez led a powerhouse discussion with three of the most respected voices in housing: Ivy Zelman, Logan Mohtashami, and Dale Wettlaufer. The panel dissected the housing market’s current state — marked by rising inventory, affor
Read MoreJudge Bough refuses to step aside in Gibson commission lawsuit

Judge Stephen R. Bough is refusing to step down from overseeing the Gibson commission lawsuit. “Litigation strategy” and not “ethical concerns” drove the recusal calls, the judge said in a filing on Thursday. Howard Hanna was the first defendant to ask the court for Judge Bough’s recusal. HomeServic
Read MoreLa Rosa Holdings launches commission advance program

La Rosa Holdings Corp. has introduced a new commission advance program aimed at providing its real estate agents with faster access to earnings while establishing an additional revenue source for the company.The program, operated through a newly formed subsidiary, allows La Rosa agents to receive ea
Read MoreNextHome commits to Zillow’s listing transparency standards

NextHome is joining eXp Realty in committing to Zillow’s new listing standards. The firm announced its decision to sign on to Zillow’s new standards on Friday. “Partnering with Zillow to commit to listing transparency is simply the right thing to do for homebuyers and sellers across America. Priorit
Read MoreOhio still has a sellers’ market, but it isn’t what it once was

Across the state of Ohio, the housing market is keeping agents and consumers busy, even if not all of their efforts are fruitful. Beset by a lack of inventory, real estate professionals throughout the state say they are dealing with multiple offer situations with buyers having to put offers in on mu
Read MoreColumbus housing market softens as new listings and inventory spike
A historically low number of homes for sale has been a fixture of the housing market for years now, giving sellers the upper hand over buyers that have had to trample over each other to secure a purchase.That might be changing in the Columbus, Ohio metropolitan area. New listings have shot up consid
Read MoreForeclosure activity rises in Q1 amid feeling of economic ‘pressure’

U.S. foreclosure activity rose in the first quarter of 2025, ending a nine-month streak of declines according to new data compiled by real estate analytics firm ATTOM.A total of 93,953 properties had foreclosure filings between January and March 2025 — an 11% increase from the previous quarter.While
Read MoreBig banks feel the mortgage squeeze in Q1, hope for deregulation

While mortgage production remained under pressure at top banks in the first quarter of 2025—aligning with market expectations—uncertainty looms over what the future may hold.Bank executives anticipate negative impacts from the ongoing trade war sparked by President Trump’s increase in tariffs. Howev
Read MoreWhere reverse mortgage securities issuers stand in Q1 2025

The leading issuers in the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program during the first quarter of 2025 saw a couple of fluctuations quarter over quarter, but maintains two fewer issuers than it did at the same point in 2024.This is based on a recent tabulation published
Read MoreNextHome joins Zillow in consumer-first commitment to real estate listing transparency

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