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Fidelity National Financial chairman faces opposition at investment firm

Cannae Holdings Inc., the investment firm led by Fidelity National Financial (FNF) founder and Chairman William Foley II, is facing accusations of poor governance and a lack of strategic focus from activist investor Carronade Capital Management. Carronade points to actions it claims have contributed to a loss of almost $1 billion in shareholder value. The firm holds 2.9 million shares in Cannae and took...

Onity leaders talk reverse channel profitability, tease proprietary product development

Despite having lower overall volumes when compared to the forward mortgage business, Liberty Reverse Mortgage remains one of the more profitable segments of parent company Onity Group’s portfolio, according to information shared by executive leaders at a recent investor presentation. At this month’s Sidoti Virtual Investor Conference, Onity leaders including CEO Glen Messina and chief financial...

Banning property taxes in Florida gains traction among lawmakers

As high property taxes continue to be a source of financial strain for homeowners, a proposal floated last month by Florida Gov. Ron DeSantis (R) to ban property taxes in the state appears to be gaining traction, according to a new report in the Wall Street Journal. The plan, while popular, is not without risk to the state’s revenue system, since a removal of property taxes would make the state far...

NAR’s existing-home sales forecast for 2025 gets a haircut

The National Association of Realtors (NAR) was one of the more bullish forecasters of the 2025 housing market, but the trade group has revised its outlook. In its quarterly NAR Real Estate Forecast Summit Update, economists Lawrence Yun and Nadia Evangelou said they now expect existing-home sales to rise by 6% relative to 2024 and finish at 4.3 million in 2025. New-home sales are forecast to rise...

Alabama law: Buyers don’t have to sign contract before home tours

Alabama governor Kay Ivey has signed into law a bill that ensures homebuyers only have to sign a buyer brokerage agreement prior to submitting an offer on a property and not before touring a home with an agent.  Ivey signed the bill into law on Tuesday after it passed the state Senate earlier this month. The bill was first introduced in early February when it was sponsored in the Alabama House of...

These luxury NYC condo buildings all have stellar playrooms and kid-friendly amenities

These play spaces are no child’s play. In one of the cutest design trends to catch our eyes lately, high-end condo buildings across New York City are creating design-forward spaces and amenities to appeal to their youngest residents — and to attract luxury buyers who prioritize family-friendly amenities, without compromising on aesthetics. New developments and building conversions alike have...

Stylish 2-bedroom loft in SoHo has curved honeycomb skylights

On one of the most coveted blocks in SoHo, a 2-bedroom residence inside a boutique condo building is up for grabs. But it’s far from your cookie-cutter city pad! Featuring exposed brick walls, double-height ceilings, and striking curved honeycomb skylights, it’s hands down one of the coolest lofts we’ve seen lately. Listed for $2,395,000 with Douglas Elliman’s Frances Katzen, the distinct...

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