‘Real Estate Insiders’ talk post-NAR settlement changes for major industry players

In a new episode of the “Real Estate Insiders Unfiltered” podcast, John Campbell — managing director at Stephens Inc. and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry.The trio discuss the major compan
Read MoreCMG’s reverse division adds Kari Van Kleef as ops manager

CMG Home Loans, the retail lending division of CMG Financial, announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. She is one of “several industry veterans who will be directing the dedicated reverse mortgage department at CMG,” the company s
Read MoreMr. Cooper, ACI to settle lawsuit over unauthorized mortgage payments

Mortgage servicer Nationstar, doing business as Mr. Cooper, is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago.The settlement notice was filed
Read MoreHarris offers key new details on housing plan

Vice President Kamala Harris and Minn. Gov. Tim Walz sat down with CNN last week for the pair’s first major televised interview since becoming the Democratic nominees for president and vice president of the United States, and housing continues to be an issue Harris aims to address in her public-faci
Read MoreFannie Mae’s chief economist forecasts his own retirement

The chief economist of Fannie Mae expects to hang up the cleats this year. Doug Duncan, who’s been the chief economist at the government-sponsored enterprise since 2008, will be retiring effective Sept. 22, according to Rob Chrisman, who first reported the news on his blog Tuesday morning. Mark Pali
Read MoreLeveling up together: Brokerages offer industrywide agent education opportunities

For many in the real estate industry, Aug. 17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts.“I am in awe of how many folks decided on Thursday that
Read MoreWill homebuyers come back this fall?

This week the available inventory of homes for sale inched down across the country. It was a lead up to the holiday weekend, so that’s not uncommon. But it is indicative that we’re roughly at the peak of inventory for the summer. We may have a few more weeks of inventory gains, but the long stretch
Read MoreEmbrace the future: 5 strategic shifts for agents in a transforming real estate market

The real estate industry is undergoing a seismic transformation, with recent regulatory changes pushing the National Association of Realtors to a critical juncture. As these shifts unfold, real estate agents face both challenges and opportunities. Those who adapt will find themselves in a prime posi
Read MoreHousing inventory falls as mortgage rates drop
Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023.I have consistently written that with mortga
Read MoreWith a potential new rate environment coming, how will reverse mortgage lenders pivot?

Federal Reserve Chair Jerome Powell indicated last week that a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) is on the table, which would have the effect of driving mortgage rates lower.Most observers and professionals agree that a rate cut would
Read MoreShow up, don’t show off: Laura O’Connor is redefining success in real estate

In this executive conversation, Laura O’Connor, COO at JPAR, and Affiliated Network President, shares her insights on the role of the modern real estate professional. With over two decades of experience in business operations and strategic management, Laura has been a driving force in JPAR’s growth
Read MoreGen X makes progress with retirement savings: Fidelity

Retirement savers experienced their third consecutive quarter of growth in Q2 2024, with Gen X savers showing strong gains in individual retirement arrangements (IRAs), a sign of progress considering that cohort’s prior struggles with saving for life after work.This is according to a report released
Read MoreAnna-Marie Ellison joins leadership at ARC Realty

After nearly 18 years ERA King Real Estate, Anna-Marie Ellison is moving to Alabama-based ARC Realty. In a post on her website ConsultWithAME on Wednesday, Ellison wrote that she is “honored” to be joining a team with the guiding principal of “Everything worth building starts with a relationship.”In
Read MoreRick Roque lands at NFM Lending

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque will lead NFM’s retail growth strategy as corporate vice president of retail, NFM’s Managing Director Greg Sher announced on LinkedIn on Friday. “Your thoughtful
Read MoreCommission lawsuit plaintiff Sitzer launches flat fee real estate startup

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. Meet Landian, a real estate startup founded by Bryan Galen, Neal Batra and Josh Sitzer — yes, the same Sitzer who filed the now infamous Sitzer/Burnett commission lawsuit.In an
Read MoreNick Bailey named to T3 Sixty’s leadership team

Roughly six months after his departure from RE/MAX, Nick Bailey is back in a leadership role, this time at management consultancy and analytics firm T3 Sixty. In an announcement on Thursday T3 Sixty said Bailey will serve as the firm’s chief real estate officer.In this role, T3 Sixty said Bailey wil
Read MoreOpinion: Between the lines: Understanding the nuances of the NAR settlement

With all the recent media attention, by now most everyone is aware of major changes afoot in real estate this month. Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Pardon if my words convey a dash of sarcasm yet, a
Read MoreThe title industry is working to tackle fraud

The Merriam-Webster dictionary defines fraud as the “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right,” and from identity theft to sweepstakes and investment scams, it can take countless forms at a high cost to consumers. The Fe
Read MoreOpinion: The myth of financing buyer agent commissions

The proposed settlement between the National Association of REALTORS (NAR) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. Despite bipartisan agreement that supply shortages are driving housing’s unaffor
Read MoreNAR will appeal DOJ probe to Supreme Court

In a court filing on Thursday, the National Association of Realtors said it will appeal the D.C. Circuit Court of Appeals ruling that the Department of Justice could reopen its investigation into the trade group. The decision to appeal to the Supreme Court comes after the appeals court denied NAR’s
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