The DOJ vs. NAR: What’s the impact to real estate agents?

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his latest coverage on the impact of the DOJ’s decision and how the industry is gearing up to respond. During the Q&A, Blake discussed the ramifications of previous DOJ investigations into NAR

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This is your last chance to nominate a 2021 HousingWire Vanguard

You have to act now! Nominate your Vanguard before midnight tonight, Friday, July 23rd. HousingWire’s 2020 Vanguard Award program recognizes C-level industry professionals and business unit leaders who have become leaders in their respective fields within housing and mortgage finance — those whose leadership is moving markets forward, each and every day. Vanguards

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Crypto firm names Kraninger top lobbyist

As regulatory oversight of cryptocurrency looms, Solidus Labs has appointed former Consumer Financial Protection Bureau director Kathy Kraninger to grease the wheels. Solidus Labs, which creates cryptocurrency market surveillance tools, appointed Kraninger, who led the CFPB from 2018 to 2021, to lead the company’s regulatory efforts as its vice president

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Existing home sales show strength of demographics

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. The seasonally adjusted annual rate of 5.86 million achieved in June was a bit better than my expectations, ending four months of declines. If existing home sales were getting noticeably weaker,

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2021 Market Leaders: Compass, flat-fee brokers make noise

RealTrends Market Leaders report ranks the top residential real estate firms in over 160 different metropolitan areas based on 2021 RealTrends 500 brokerage rankings. When it comes to movers and shakers in the Market Leaders report, it can be boiled down to Compass and flat-fee brokerages. Both are making noise,

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Freddie Mac names Mauricio chief compliance officer

Freddie Mac announced today that Jerry Mauricio, who has served as the entity’s chief compliance officer since January 2021, will transition to the permanent role. He will be a member of the company’s senior operating committee and report directly to Freddie Mac’s CEO, Michael DeVito. Mauricio will oversee the regulated

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North American Title hires Cassidy to lead compliance

Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., a subsidiary of Doma. The company announced this week that Cassidy’s role will include evaluating and monitoring NATIC’s independent policy-issuing agencies, settlement and escrow agents, and approved and supported attorneys for compliance with

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First American beefs up intellectual property efforts

Former CoreLogic executive Rouz Tabaddor has been named vice president and chief intellectual property officer at title insurance provider First American Financial Corp. — a new position tasked with “accelerating” the expansion of the company’s intellectual property portfolio. Tabaddor will be responsible for the identification, protection and enforcement of the

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Housing inventory slowly coming back as frenzy fades

After four consecutive months of declines, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. Sales climbed 22.9% year over year, up from

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Variant scare causes mortgage rates to fall to 2.78%

The average 30-year fixed-rate mortgage sank 10 basis points to 2.78% for the week ending on July 22, continuing several weeks of declines, according to mortgage rates data released Thursday by Freddie Mac‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, concerns about the COVID-19 Delta variant and the

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Hopes for generational investment in housing fade in DC

The bipartisan infrastructure package has yet to clear its first hurdle, and the inclusion of provisions to address any of the nation’s housing dilemmas grows more unclear. The U.S. Senate attempted to move forward this week with a whittled-down, $579 billion infrastructure package that will include traditional infrastructure items. Senate

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