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Home flipping activity slows nationwide as profits tighten
The first quarter of 2025 had the smallest number of flips recorded in any quarter since 2018, according to ATTOM.
15 commission lawsuit settlements are up for final approval next week
Judge Stephen R. Bough will consider settlements reached by several big-name brokerages, including Side, NextHome and JPAR.
‘Feelings-based recession’: More Americans fearful of finances despite economic data
The TransUnion survey found that 32% of consumers report being pessimistic about their household finances over the next 12 months.
Mortgage underwriting algorithm at heart of Wells Fargo’s racial disparity lawsuit
Wells Fargo’s internal credit-scoring algorithm is at the heart of a lawsuit that plaintiffs say resulted in more than 100,000 disparately impacted minority applicants.
Government requests more time in Ginnie Mae/TCB lawsuit
The government claims it needs more time to comply with discovery in the case, citing confidentiality concerns and an ongoing OIG inquiry.
Should we be worried about the number of underwater homes?
A recent report showed that 1 out of every 37 homes were severely underwater, but CoreLogic data provides a reality check on this topic.
Can the good times continue at Realogy?
Brokerage and franchise conglomerate Realogy reported $343 million in net income for 2021. The profitability marked a dramatic turnaround from 2020 when Realogy lost $360 million.
Why did existing home sales beat expectations?
Existing home sales for December came in as a big beat at 6.5 million. Strong homebuyer demand from Millennials is the likely driver.
Redfin losses soar amid iBuying ramp up
Despite posting a $110 million loss in 2021, Redfin CEO and founder Glenn Kelman said the company remains committed to iBuying at an “existential level.”
