Buyer agency agreements test limits of real estate agent-buyer trust

In August 2024, as many in the real estate industry prepared for the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement to go into effect, industry professionals began wondering how agents would handle breached buyer agency agreements and if lawsuits would ensue. Fast forward 13 months, and this issue has become top of mind for many industry professionals. In...

loanDepot claims West Capital Lending used illegal playbook to become a top brokerage

loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits — practices that loanDepot claims are illegal and enabled WCL to become one of the largest mortgage brokerages in the country in just three years. The lender sued the brokerage and its founders, Eric Hines and Daniel Iskander — the latter of whom worked at...

Friday Harbor’s AI originator assistant now supports overlays

Friday Harbor, an AI-powered platform that helps loan officers build compliant loan files in real time, announced this week that its AI Originator Assistant can now assess loans against lender and investor overlays in addition to standard program guidelines. The update aims to give lenders greater control over credit quality and secondary market performance by embedding these requirements directly into...

Full-floor ‘Sky Garden’ penthouse atop CetraRuddy-designed building in Gramercy Park asks $7.35M

A new luxury listing in Gramercy Park combines high design and contemporary art in one sweeping full-floor residence. Priced at $7.35 million, the Sky Garden Penthouse crowns 200 East 20th Street (200E20TH) — a CetraRuddy-designed condominium that reinterprets Gramercy’s classic architecture through modern lines and bronze-toned detailing. The penthouse, currently showcasing the Garden’s Edge...

U.S. Foreclosure Filings Jump 17 Percent Annually in Q3 Signaling Borrower Strain

Florida, Nevada Lead the Nation in Foreclosure Rates Foreclosure activity in the U.S. continued its upward climb in the third quarter of 2025, suggesting that pockets of borrower distress may be emerging. New data from ATTOM's Q3 2025 U.S. Foreclosure Market Report shows 101,513 properties with foreclosure filings during the quarter--up less than 1% from the prior quarter and 17% higher than a year...

PHH Mortgage unveils revamped non-QM options

PHH Mortgage Corp., a subsidiary of Onity Group, on Monday introduced a new suite of nonqualified mortgage (non-QM) products designed to serve its correspondent lending partners and a wide range of nontraditional borrowers. The product suite, known as FlexIQ, is expected to launch Oct. 20, the company announced in a press release. It includes full documentation, alternative documentation and...

Dallas housing market shows steady demand as inventory expands

HW Data shows 2,850 single-family homes sold across the DFW metroplex last week, marking consistent sales volume as the region adjusts to a slower but still active pace. The market data signals a balanced but cooling market. Inventory and pricing trends North Texas inventory continued to grow last week, reaching 2.52 months of supply. That’s higher than many other major metros and offers buyers...

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