United Wholesale Mortgage (UWM) is facing a class-action lawsuit alleging misuse and misallocation of assets within its 401(k) retirement plan. The company has called the suit a “baseless claim.” Filed Monday in a Michigan district court, the lawsuit accuses UWM of violating the Employee Retirement Income Security Act (ERISA) by using plan assets to reduce future employer contributions rather than...
The antitrust lawsuit filed last week by Compass against Northwest MLS (NWMLS) has generated a lot of talk, but it is far from the first time a brokerage has sued an MLS over an alleged antitrust injury. There is a slate of recently filed suits — as well as those filed in the 1970s and ’80s — that allege antitrust injury. But these focus on the National Association of Realtors’ (NAR) three-way...
Despite an overall reduction in its reverse mortgage servicing portfolio when compared to the prior year, the parent company of one of the nation’s largest reverse mortgage lenders continues to tout the overall performance and profitability of the division in a high mortgage rate environment. Onity Group, the parent of PHH Mortgage Corp. and its subsidiary, Liberty Reverse Mortgage, posted solid...
The Secretary of U.S. Department of Housing and Urban Development (HUD) is open to withholding federal funding from major American cities that fail to show progress in dealing with homelessness issues. “That may be a good idea,” Turner told conservative radio show host Ari Hoffman in an interview Wednesday. “We have to take inventory of that and study and research what’s going on and what’s...
One standout pergola withstood temperatures of...
Image Darrell Crate says REIT has increased total addressable market to include state & local...
Image Jeannie Lee also discusses factors supporting successful M&A...
March 2025 saw a pause in U.S. home price growth and a surge in housing inventory during what is traditionally one of the most competitive months for homebuyers. Despite mortgage rates hitting their lowest point of 2025, home sales failed to keep pace with the increase in new listings, leaving many potential buyers struggling to keep up with rising affordability challenges. According to Zillow's latest...
Kicking off the first 2025 event held by the National Reverse Mortgage Lenders Association (NRMLA) Tuesday morning in Irvine, Calif., the association’s co-chairs offered an update on the industry’s advocacy efforts. Mike Kent and Jim Cory – SVP of corporate development and industry relations at Liberty Reverse Mortgage and managing director of reverse at Guild Mortgage, respectively – welcomed...
In addition to dividing the real estate industry, the debate over the Clear Cooperation Policy (CCP) is highlighting the different desires home sellers may have when it comes to marketing their properties. Unlist and Off-Markt are two firms that utilize different strategies as they look to capitalize on the growing discourse surrounding listings. Hinge for real estate Founded by Dallas-based...
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