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News Ticker
  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
  • [ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
  • [ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News
Homelawsuit

lawsuit

Lawsuit
Weely Real Estate News

Three Settlements Reached in ‘Pocket Listing’ Lawsuit

January 26, 2024 Allen Santos Comments Off on Three Settlements Reached in ‘Pocket Listing’ Lawsuit

The so-called “pocket listing” lawsuit involving the PLS against three regional listing services has been resolved, although litigation by PLS against the National Association of Realtors (NAR) is still pending. Reuters reported lawyers for PLS […]

Housing Wire

Opinion: All the ways the class-action commission lawsuits are misguided

October 20, 2023 Allen Santos Comments Off on Opinion: All the ways the class-action commission lawsuits are misguided

I am repeating myself but bear with me. No seller must use a real estate agent to sell a home — ever.  In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many […]

Housing Wire

Civil rights lawsuit over NYC housing lottery can go to trial, judge rules

May 24, 2023 Mark Paul Cervantes Comments Off on Civil rights lawsuit over NYC housing lottery can go to trial, judge rules

A federal judge in the Southern District Court of New York is allowing a lawsuit over an affordable housing policy, known as “community preference,” to progress to trial, according to a report by the New […]

home
Housing Wire

US black couple settles lawsuit over ‘white-washed’ home valuation

March 9, 2023 Mark Paul Cervantes Comments Off on US black couple settles lawsuit over ‘white-washed’ home valuation

A US black couple has settled a lawsuit with a real estate appraiser whom they accused of giving their home a low valuation because of their race. Tenisha Tate-Austin and Paul Austin’s house was valued […]

Housing Wire

Townstone wins order to dismiss CFPB’s redlining lawsuit 

February 6, 2023 Mariel Alumit Comments Off on Townstone wins order to dismiss CFPB’s redlining lawsuit 

A federal judge in Illinois ruled in favor of Townstone Financial Inc. and its owner, Barry Sturner, on a motion to dismiss with prejudice a redlining lawsuit filed by the Consumer Financial Protection Bureau (CFPB). […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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