loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated, years-long scheme” to falsify...
For many in the multiple listing services (MLS) industry, Monday’s announcement that Compass was acquiring Anywhere served as a wake-up call of sorts. Over the past year, Compass has worked to grow its stockpile of exclusive listings, but many did not consider the Robert Reffkin-helmed firm a serious threat to the MLS structure, due to the size of his firm. That all changed with Monday’s...
Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since late 2022, new home sales have seen an uptick. This was a topic I discussed on CNBC on Wednesday. But we...
One of Montecito’s most exclusive enclaves just got a fresh listing — and it comes with both celebrity ties and knockout design. The $27 million estate at 1850 Jelinda Drive sits inside the guard-gated community of Ennisbrook, where neighbors include Cameron Diaz and Benji Madden, and where Kendall Jenner recently picked up Ellen DeGeneres’s former equestrian estate for $23 million. This...
An appealing living-room arrangement requires more than a beautiful color scheme and nice furniture. There are other factors to consider, such as balance, proportion and placement. Not sure what that means for you and your living room? We asked three design experts to reveal the most common styling...
Image Nareit is celebrating 65 years of REITs by interviewing key figures who have helped shape the...
Miami's housing market cooled in August 2025 as higher borrowing costs and tight lending standards pressured overall sales, even as international demand and rising inventory signaled a maturing, more balanced market. Total residential sales in Miami-Dade County fell 10.7% from a year earlier to 1,788 transactions, according to data from the Miami Association of Realtors. Single-family deals slid 8.2% while...
If Compass’s proposed acquisition of Anywhere Real Estate moves forward, the companies will jointly oversee a $9 billion-per-year mortgage operation in partnership with Rate — enough to make them the 26th-largest U.S. originator in the first half of 2025. On Monday, Compass and Anywhere announced a definitive all-stock merger agreement that values Anywhere at $10 billion. The deal brings together...
Amid a new administration and new lending rules entering the arena, 60% of organizations say they are struggling to keep systems aligned with evolving federal and state rules. That’s according to new survey findings from Carleton, a provider of compliant loan calculation and disclosure solutions. The company evaluated the extent to which lenders face ongoing compliance risks, loan calculation...
RealReports and Restb.ai announced a partnership on Tuesday to integrate appraisal-grade property insights into multiple listing service (MLS)-facing tools. First Multiple Listing Service (FMLS) in Georgia and MLS Now in Ohio will be among the first MLS organizations to offer the technology to members. FMLS serves 57,000 members across Georgia and the Southeast while MLS Now covers 32 counties in...
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