Real estate referral fees: The ultimate guide for 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Here’s our complete guide to sending and receiving real estate referrals and earning more money this year. We’ll break down everything you need to know about
Read MoreCMG reverse VP talks HECM for Purchase and division growth plans

CMG Home Loans, the retail lending division of CMG Financial, has its eyes on growing its dedicated reverse mortgage segment. In addition to recently making a key operations hire in an effort to expand its capacity to originate and fund loans, market conditions — including an expanding Home Equity C
Read MoreAARP: More data needed to understand elder financial exploitation

Elder financial exploitation (EFE) is a common form of elder abuse that impacts as much as 10% of older Americans each year. But to better combat its growing commonality, more information is needed — particularly for vulnerable communities — according to senior advocacy organization AARP.“While fina
Read MoreRepublican senators introduce bill to expand federal oversight of housing programs

Republican members of the U.S. Senate have introduced new legislation designed to expand the oversight of federal housing programs, make changes to loan officer compensation for the origination of small-dollar mortgages, and create additional counseling requirements for homebuyers.The Renewing Oppor
Read MoreFed goes big, slashing interest rates by 50 bps

The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to a range of 4.75% to 5%, turning an important corner in the central bank’s fight against inflation. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to coo
Read MoreHouse, Senate Democrats introduce bill to preserve and build homes

Democratic lawmakers in both the U.S. House of Representatives and the Senate have introduced a new bill into both chambers with a stated goal of constructing and preserving affordable housing. They also seek to create a new national housing development authority to provide an “alternative to a mark
Read MoreSlew of plaintiffs added to amended Davis homebuyer commission suit

After Hanna Holdings, the parent company of Howard Hanna Real Estate Services, filed a motion to dismiss, the Davis commission lawsuit plaintiff could have either filed a reply brief or an amended complaint. On Monday, the court got its answer, with the plaintiff’s counsel filing its first amended c
Read MoreGame of chicken: Private MLSs stare down DOJ over settlement terms

Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fines and fewer rules than MLSs owned by Realtor associations.This manifesto has helped MySta
Read More’Where the rubber meets the road’: New Hampshire brokers reflect on the NAR settlement

For agents in New Hampshire, this week marks two months since PrimeMLS, the state’s multiple listing service, implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement.In these two months, one overwhelming trend has
Read MoreFed policy is set to change. How will mortgage rates respond?

Federal Reserve policymakers are expected to lower the benchmark interest rate on Wednesday for the first time in more than four years. But it appears to be anyone’s guess as to how large the cut will be.Interest rate traders were giving shorter odds on Tuesday afternoon to a cut of 50 basis points
Read MoreCurbio settles fraud case; NAR partnership remains in place

Curbio, a home renovation startup that specializes in pre-sale work, has agreed to settle fraud allegations made by the Office of the Attorney General for the District of Columbia. As part of the settlement, Curbio agreed to pay $7.5 million. The company denied wrongdoing and said in a statement tha
Read MoreCarlyle to buy up to $300M of equity sharing home loans from Unison

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. Carlyle also made a strategic investment into the San Francisco-based Unison, enabling it to launch its Equity Sharing Home Loan product. “We are excited
Read MoreFOA announces amendment and update for bond exchange offer

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer, which would swap current investor bonds due in 2025 with new bonds due one to four years later.The current unsecured notes, due in 2025 with an in
Read MoreCanada is funding research on tech’s role for aging in place

The government of Canada is moving to federally fund research from Ontario-based Brock University, which will seek to better understand how smart-home technology impacts the prospects for older people wanting to age in place in their homes.Technology companies, entrepreneurs and governments alike ha
Read MoreLone Wolf launches new tools designed to help buyer agents

The role of the buyer’s agent has been turned on its head and Lone Wolf Technologies wants to help. The real estate software company is launching a “Buyer’s Agent Club” that is designed to assist agents in navigating an uncertain time in the industry through resources, tools and training.“For decade
Read MoreCould Kamala Harris’ ambitious housing plan actually pass? Maaaybe

A historic rise in home prices and nearly three years of high mortgage rates have put housing issues front and center in the 2024 presidential campaign. Kamala Harris has outlined an ambitious vision for housing that would involve the construction of 3 million new homes in four years. At a policy di
Read MoreFannie and Freddie aren’t going private anytime soon, Mark Calabria says

If Donald Trump wins a second term in the White House, he’s going to attempt to return Fannie Mae and Freddie Mac to private status after more than 16 years under federal conservatorship. That’s according to Mark Calabria, the former head of the Federal Housing Finance Agency (FHFA) under Trump. As
Read MoreTo expand housing counseling services, HUD taps Zillow

The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans.The U.S. Department of Housing and Urban Development (HUD) on Tuesday also will publish a new final rule in the Federal Register to expand accepted communication methods for counsel
Read MoreKeller Williams settles some of the lawsuits tied to its profit-sharing program

Keller Williams‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to the firm’s recently abandoned changes to its profit-sharing program.In an email, Keller Williams
Read MoreNextHome joins the list of firms to settle the commission lawsuits

The James Dwiggins-helmed firm NextHome is the newest real estate brokerage to settle the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a brief filed last week.The filing does not note how much NextHome has
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