Compass has sued an MLS. History could shed light on its antitrust claims

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...

Liberty Reverse parent Onity praises Q1 earnings performance, proprietary product launch

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...

HUD secretary open to withholding federal funding from cities over homelessness

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...

U.S. Home Values Flatline in March as Sellers Outnumber Buyers

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...

NRMLA co-chairs offer industry advocacy update

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...

House to hold key session on trigger leads bill in May

The federal trigger leads bill advanced in the U.S. House of Representatives after being officially noticed during a hearing of the Subcommittee on Financial Institutions on Tuesday. The Homebuyers Privacy Protection Act is expected to be considered during a markup session on May 20 — a process that determines whether a bill should be recommended for a full House vote and in what form. “This is...

Windermere’s OB Jacobi on real estate industry divides, smart leadership

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...

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