Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. –Flagstar last month agreed to a $31.5 million settlement in multiple class-action cases filed by former customers, focused on two data breaches that exposed the personal information of millions of customers in 2021 and…

Read More

AI continues to prove itself as the path for future success as United Wholesale Mortgage (UWM) saw another successful quarter due to its own AI initiatives.   The company’s Q3 2025 earnings release showed a total revenue of $843.3 million in Q3, up from $758.7 million in Q2 and $745.6 million last year, and an…

The post United Wholesale Mortgage Touts AI Success on Q3 Earnings Call appeared first on RISMedia.

Read More

There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…

Read More

At its recent Q3 earnings call, Zillow leadership talked up the company’s recent app integration with OpenAI’s ChatGPT. Essentially, if you type “Zillow” into a ChatGPT query, the chat will bring up the Zillow app, then a user can use the Zillow app and its functionality—home searches, connecting with agents, etc.—as if they had opened…

Read More

Defendants in the largest homebuying commission case have filed a motion to strike or delay the plaintiffs’ class certification motion, arguing that a binding federal injunction from the Burnett case invalidates roughly 79% of the proposed class—buyers who also sold homes during a particular time period.  The defendants, Anywhere, REMAX and Keller Williams, previously settled…

Read More

When Zillow announced its new rules restricting certain private listings, one MLS was quickly thrown into the spotlight—Midwest Real Estate Data, or MRED, in the Chicago region. That’s because for almost a decade, MRED has hosted an internal private listing service—properties shared within the MLS, but not necessarily to anyone else. While Zillow didn’t immediately…

Read More

Federal Reserve Governor Lisa Cook pointed to tariffs as the cause of a recent rise in inflation data during a Nov. 3 speech on economic outlook and monetary policy. During her speech, Cook noted the rise in inflation as of the September PCE report, which saw annual inflation hit “significantly” above the Fed’s 2% inflation…

Read More

In a relatively short time, the power dynamics in residential real estate have shifted dramatically. The National Association of Realtors® (NAR) sits alongside portal giant Zillow on one side, and on the other is New York-based venture capital-backed Compass, a new behemoth that has consolidated a huge brokerage empire and appears ready to use its…

Read More

Douglas Elliman released its financial results for the third quarter Tuesday morning, reporting 5% year-over-year revenue growth for the first nine months of the year, to $787.6 million. “While others in the industry are pursuing consolidation and platform integration, we remain committed to deepening our leadership in the luxury segment—a category that is synonymous with…

Read More

As shared during its recent earnings statement, iBuyer Offerpad acquired only 203 homes in Q3, a 54% drop from its Q2 acquisition rate of 443 homes and a 52% drop from Q3 2024 (422 homes).  On the other side of acquisitions, Offerpad sold 367 homes during the quarter, 19% down from the 452 sold in…

The post Offerpad Reaffirms Commitment to iBuying Despite Sharp Drop in Home Purchases appeared first on RISMedia.

Read More