Rocket Mortgage filed a lawsuit against United Wholesale Mortgage (UWM) on May 14, seeking nearly $100 million in damages for allegedly breaching a non-solicitation agreement tied to mortgage servicing rights purchases, according to a complaint filed in the New York Supreme Court’s Commercial Division. The lawsuit centers on three bundles of mortgage servicing rights that…
We are now five months into 2026—rapidly approaching the halfway point—and so far the year has thrown some definite curveballs at the real estate industry. This year was widely expected to be a year of stabilization and normalization for the housing market, and Q1 (January-March) is largely the stage-setter for how the rest of the…
Rules surrounding the public marketing of listings is a hot and divisive topic in the real estate industry, one that state lawmakers are weighing in on. Connecticut, for instance, is on the verge of passing a bill that sets new rules on this front; passed by both houses of the state legislature, it awaits either…
The post Connecticut on Verge of Passing Private Listing Bill appeared first on RISMedia.
In the wake of the news that MLSs Midwest Real Estate Data (MRED) and Realtracs were partnering with Compass (additionally with United Real Estate for Realtracs) to take their platforms nationwide, the industry has been buzzing. The potential of further nationwide MLSs and the expansion of pre-marketed listings has been one of hottest topics. Now,…
Editor’s note: AI Pulse is RISMedia’s ongoing roundup of AI happenings, providing trends and real-world use cases to help navigate the rapidly evolving AI landscape. Why ChatGPT gave opposite answers to a buyer and seller on a $50 million deal It is a frustrating situation that nearly every agent is familiar with: a client trusts…
Broker Public Portal (BPP) and Realtors Property Resource® (RPR®) have announced a new collaboration that will bring RPR’s Realtors Valuation Model® (RVM®) to Cribio, BPP’s consumer home search platform, for participating MLSs and associations that choose to enable the feature. The collaboration connects two industry-backed platforms focused on delivering accurate property data, transparency and consumer…
Above: CRMLS CEO Art Carter Back in 2020, the Clear Cooperation Policy (CCP)—compelling agents to submit properties to the MLS within one day of public marketing—recieved immediate pushback. But the headlines mostly centered on the reactions of ostensible outsiders, including listing startups that filed lawsuits and antitrust law enforcement that flagged the policy as potentially…
Above, Howard “Hoby” Hanna IV I have spent my career in this industry watching the Multiple Listing Service (MLS) do what it was designed to do: create a level playing field where brokers of every size, every model and every strategy can compete on merit. The MLS made that possible. It is the reason a…
The post Op-Ed: The MLS is Not a Product. It’s Infrastructure. appeared first on RISMedia.
When Rocket Companies and Zillow find themselves in the crosshairs of federal litigation over alleged referral kickbacks, the industry takes notice. As the headlines fixate on the big players, a quieter anxiety is building among independent mortgage bankers (IMBs) and smaller lenders who lack the firepower to go toe-to-toe in a prolonged legal battle. The…
The United States added 115,000 jobs in April, according to the Bureau of Labor Statistics, significantly beating analysts’ expectations as employers continue to shrug off high energy costs and geopolitical uncertainty—something buyers and sellers have been less willing to do. With an unemployment rate now at 4.3% and an average 48,000 payrolls added per month…
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