Zillow to buy ShowingTime for $500M

Zillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million. The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages. The Seattle-based company announced in September Zillow

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Zillow revenue grows 22% in 2020

Zillow Group reported fourth quarter 2020 revenue of $789 million on Wednesday, easily beating Wall Street’s estimates. Despite what Zillow officials referred to as a “rough” first half of the year due to COVID-19’s impact on the economy, the $789 million represents a consolidated revenue growth of 22% from 2019.

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CFPB makes it clear: fair servicing is back, for real this time

A new presidential administration and a clarion call from the Consumer Financial Protection Bureau has transformed fair servicing from a seemingly remote risk into a front and center mandate. After the 2008 financial crisis, regulators enhanced long-standing fair lending examination guidelines to incorporate the concept of fair servicing. They began

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Homebridge’s Woody White to speak at Spring Summit

Brian “Woody” White, Homebridge‘s chief diversity officer, will join other housing luminaries to discuss how lenders can increase their diversity strategy to impact minority homeownership at HousingWire’s Spring Summit on March 4. The homeownership gap between white and Black Americans is larger than in the 1960s, and both real estate and mortgage

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HUD withdraws appeal in fair housing case

The Department of Justice on Tuesday withdrew HUD’s appeal of the case postponing the agency’s 2020 Disparate Impact Rule that would have made it harder to bring discrimination claims under the Fair Housing Act. By withdrawing the appeal, the preliminary injunction under the case Massachusetts Fair Housing Center v. HUD

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