Court grants preliminary approval to HomeServices’ commission lawsuit settlement

HomeServices of America is one step closer to moving on from the home seller commission lawsuits. On Thursday, Judge Stephen R. Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement. “The Court finds
Read MoreGuild delivers $37M profit as origination volume jumps 69%

Guild Holdings Co., the parent company of Guild Mortgage, delivered a profit in the second quarter of 2024, mainly due to the performance of its growing servicing portfolio. Meanwhile, its origination volume increased by 69% from April to June compared to the previous quarter but at lower margins. N
Read MoreOne year after wildfire, HUD extends assistance timeline to those rebuilding homes on Maui

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) on Thursday announced an expansion of relief measures to homeowners on the Hawaiian island of Maui who are seeking to rebuild single-family homes after the devastating wildfire that destroyed the
Read MoreHousing market hinges on mortgage rates and supply, not commission structures

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing
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