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...

A former escrow officer at a McAllen, Texas-based title insurance company has been sentenced to two years in federal prison for orchestrating a complex wire fraud scheme that defrauded homebuyers and mortgage lenders of more than $350,000, the U.S. Department of Justice (DOJ) announced. Mayela Saby Cantu, 55, pleaded guilty in December to conspiracy to commit wire fraud. On Monday, Chief U.S....

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...

On the newest episode of the RealTrending podcast, host Tracey Velt sits down with OB Jacobi, co-president of Windermere Real Estate, to discuss the evolving role of multiple listing services (MLSs) and the ripple effects from recent changes to the National Association of Realtors’ Clear Cooperation Policy. Jacobi, whose family has led Windermere since its founding in 1972, offers perspective on...