News

News Corp CEO vows to reenergize Realtor.com after CoStar deal dies

In remarks at Morgan Stanley’s Technology, Media and Telcom Conference Tuesday, CEO Robert Thomson said growing Realtor.com after its sale to CoStar fell through is a “personal priority.”  

Massachusetts orders halt to MV Realty’s 40-year listing contracts

Preliminary injunction in Massachusetts says “homeowner benefit agreements” are actually high-interest mortgage loans and can no longer be offered or enforced until case is resolved.  

Federal consumer watchdog flags mortgage servicers’ junk fees

The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections.  

4 more US senators call for DOJ probe of RealPage over rent hikes

Sens. Elizabeth Warren, Bernie Sanders, Tina Smith and Edward Markey said they investigated rental data firm RealPage and call for more scrutiny of the company’s role in nationwide rent growth.  

Mortgage rates headed past 7% after Powell warns Congress on inflation

Futures markets are taking the Fed chair at his word that policymakers may have to hike rates faster and take them higher to combat inflation  

Florida top producers Adam Levy and John D’Amico join Compass

The agents join Compass from Berkshire Hathaway HomeServices and boast at least 25 years of experience in the industry, Compass exclusively told Inman.  

LoanDepot losses mount as company continues to shed workers

The beleaguered mortgage lender racks up a $610.4 million 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company’s lucrative refinancing business.  

New donor transplant technology helps cut wait time

Improved technology for organ transplant and how the organ is transported are helping transform the program at Tampa General Hospital.

What skills are crucial for new agents joining a multifamily team?

Multifamily real estate isn’t for introverts. But the right personality, one eager to connect with others, can make it a rewarding career.  

Mr. Cooper names second chief financial officer in less than a year

Mortgage veteran Kurt Johnson, who held executive roles at Indymac Bank and OneWest Bank before joining Mr. Cooper in 2015, succeeds Jaime Gow as CFO, it was announced this week.