Tue.Apr 01, 2025

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FHFA replaces Freddie Mac board member amid other changes

Housing Wire

The Federal Housing Finance Agency (FHFA) continues to make leadership changes at the board and executive levels of Freddie Mac and Fannie Mae. Capital One multifamily finance executive Grace Huebscher, who served as Chair of the Risk Committee and a member of several other committees, resigned from Freddie Mac ‘s board on March 24, according to TipRanks.

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How and when to say ‘no’ as a new real estate agent

Inman

Coach Verl Workman writes that setting healthy boundaries, including saying "no" when needed, provides a more balanced life and fulfilling career in real estate.

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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4 billion, with transactions up by 24%. And for the full year, Compass achieved $5.6 billion in revenue and generated $122 million in operating cash flow.

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Rocket’s appetite for growth could ding corporate debt rating

Inman

Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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HUD cuts 90% of its website content, citing low traffic and poor user experience

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) this week unveiled a new website, explaining that as much as 90% of the material from the former site has been cut to eliminate redundancies and streamline the user experience. Providing the best and highest quality service to rural, tribal and urban communities means that critical resources online should be streamlined, concise and user-friendly, HUD Secretary Scott Turner said.

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Baby boomers overtake Millennials in buying the most houses

Housing Wire

Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). Millennials, who previously led home-buying trends, now account for 29%, down from 38% the previous year. NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.

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MLS PIN deal finally gets judge’s OK despite DOJ pushback

Real Estate News

The $3.95 million settlement aligns with NAR math, but unlike NARs agreement, allows the Massachusetts MLS to continue displaying offers of compensation.

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Compass broker accused of taking kickbacks in whistleblower lawsuit

Housing Wire

A Compass broker faces allegations of illegally accepting kickbacks from a mortgage lender and attorney in exchange for client referrals, according to a whistleblower lawsuit obtained by The Real Deal. Ben Lalez is accused of violating federal anti-kickback laws by steering clients to specific service providers in exchange for undisclosed cash payments.

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Brokerages have 3 options after Clear Cooperation decision

Real Estate News

With NAR opting to keep the CCP with a delayed marketing alternative, industry leaders say firms should prepare their counter move to stay competitive.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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A&D Mortgage closes Mr. Cooper wholesale, non-del acquisition

Housing Wire

Mr. Cooper Group is once again making headlines. Today, A&D Mortgage announced the official closing of its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group. The news comes just a day after Rocket Companies announced its acquisition of Mr. Cooper, which is to be completed by Q4 2025, in an all-stock deal valued at $9.4 billion.

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Private Residential Construction Spending Rises in February 

Eye on Housing

Private residential construction spending increased by 1.3% in February, rebounding from a 1.2% dip in January. The growth was largely driven by higher spending on single-family construction and residential improvements. On a year-over-year basis, the February report showed a 1.6% gain, indicating a modest growth in private residential construction spending during market uncertainties.

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Homebuyer sues eXp, accusing agent of breaching fiduciary duty

Housing Wire

Michael Ammann is back with another lawsuit against eXp Realty and parent company eXp World Holdings. Ammann filed his first suit against eXp in December 2024. He accused the firm along with executives Glenn Sanford , Leo Pareja , Patrick ONeill and James Bramble, as well as eXp agent Megan Featherston of engaging in fraudulent practices, conspiracy and negligence.

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Four Ways to Save Original Details and Character When Updating an Old House

Brownstoner

Many homeowners want to save the original details that attracted them to their home in the first place but dont know how. Here are some guidelines to keep in mind: Savor original finishes. If you treasure historic character and dont want the inside of your prewar apartment or classic Italianate brownstone to… Read More > The post Four Ways to Save Original Details and Character When Updating an Old House appeared first on Brownstoner.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Brookfield takes controlling stake in Angel Oak

Housing Wire

Canadian investment powerhouse Brookfield Asset Management Ltd. has agreed to buy a majority stake in Angel Oak Companies , the holding company for a non-QM lender and investor that manages more than $18 billion in mortgage assets. Brookfield will take a 50.1% stake in Angel Oak , offering its own investors access to the firms residential mortgage credit business, according to filings with the Securities and Exchange Commission (SEC).

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Today’s Mortgage Rates April 1, 2025: Rates Drop to Begin the New Month

Marco Santarelli

If you're in the market to buy a house or thinking about refinancing, there's some welcome news to kick off April. Today's mortgage rates, on April 1, 2025, are showing a decrease , offering a bit of relief for those watching the market closely. According to the latest data, we're seeing a slight but positive shift downwards. Today's Mortgage Rates April 1, 2025: Rates Drop to Begin the New Month Key Takeaways: Mortgage rates are down today, April 1, 2025.

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Gibson plaintiffs claim to have proof that Weichert, eXp conducted reverse auctions

Housing Wire

The Gibson plaintiffs have been barred from intervening in the Hooper commission lawsuit. But that hasnt stopped them from further attempts to dissuade Judge Mark H. Cohen from approving the settlements reached by eXp World Holdings and Weichert Realtors. In a filing on Monday, the Gibson plaintiffs claim that their reply to the Hooper plaintiffs’ reply in support of a motion for preliminary approval of the Weichert and eXp settlements is warranted despite them not being a party to the sui

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CRMLS Offers AI-Powered Property Reports Through RealReports

RIS Media

California Regional MLS (CRMLS) has entered an agreement with proptech company RealReports to offer its users AI-powered property reports. RealReports is available on a per-association opt-in basis via the CRMLS Association Product Co-Op. RealReports offers an easy option to show off complete property knowledge on the spot, as stated in a release. Coined the Carfax… The post CRMLS Offers AI-Powered Property Reports Through RealReports appeared first on RISMedia.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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@properties was profitable prior to sale to Compass

Housing Wire

After Compass acquired @properties and Christies International Real Estate this past December , the real estate industry is now getting an inside look at the financial condition of Chicago-based @properties. Via filings with the Securities and Exchange Commission (SEC), the $155 million in cash that Compass paid as part of the acquisition aligns closely with the $155 million of shareholder equity in @properties at the end of September.

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Brooklyn Real Estate Listings Six Months Later: All Four Sold

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Park Slope, Carroll Gardens, and Williamsburg. How did they fare? First up, in Park Slope: The lush features in this circa 1900 limestone and brick dwelling include plasterwork, wainscoting, mantels, a dumbwaiter,… Read More > The post Brooklyn Real Estate Listings Six Months Later: All Four Sold appeared first on Brownstoner.

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Homestreet enters agreement to merge with Mechanics Bank

Housing Wire

Mechanics Bank and HomeStreet Inc. announced Monday that they’ve entered into a definitive merger agreement, which provides for an all-stock business transaction between the two entities. Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank.

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Millennial Homebuyers Seek Quality Over Quantity: NAHB

RIS Media

A recent analysis by the National Association of Home Builders (NAHB) found that millennial homebuyers prefer more square footage when seeking a new home than other generations, but that most of this buyer segment would sacrifice the extra space for a smaller home with more features at the same price point. According to NAHBs survey,… The post Millennial Homebuyers Seek Quality Over Quantity: NAHB appeared first on RISMedia.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Announcing the 2025 HousingWire Rising Stars

Housing Wire

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. These standout professionals all 40 years old or younger are driving innovation, transforming their organizations, and shaping the future of real estate, mortgage, and fintech. The 2025 HousingWire Rising Stars have demonstrated exceptional leadership, expertise, and dedication to moving the industry forward.

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Climate Change Reshaping Home Insurance Industry, Threatens Housing Market Stability

RIS Media

In a stark warning for real estate professionals, new research reveals how climate change is shaping residential insurance markets, potentially creating “mortgage deserts” and complicating home purchase transactions across the United States. Steven Koller, a postdoctoral fellow at the Joint Center for Housing Studies (JCHS) of Harvard University, explained how climate-related risks are driving unprecedented… The post Climate Change Reshaping Home Insurance Industry, Threatens H

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UWM again extends 60 bps pricing incentive through May

Housing Wire

United Wholesale Mortgage (UWM) announced today it has again extended its 60bps for 60 Days program , which provides independent mortgage brokers with a 60 basis points pricing advantage on loans. Initially launched in December 2024, today’s announcement marks the second extension of the program , which is now set to conclude on May 31. This pricing incentive remains applicable to eligible conventional or government loans for borrowers with a FICO score of 720 or higher.

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Mortgage Delinquency Panic? Here’s Why That Viral Post Got It Wrong

BAM Media

The latest mortgage delinquency data sparked a social media frenzy this weekend, with claims that homeowners are under serious financial stress. The confusion started with a misleading chart featuring Freddie Macs Serious Delinquency rates, coupled with the words, 6.1 million Americans are behind on their mortgagethe highest in 20+ years. Brace for impact.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.