With the future of Fannie Mae in flux due to President Trump’s stated desire to potentially privatize it, CEO Priscilla Almodovar stepped down as the head of the mortgage giant on Oct. 22, with Peter Akwaboah, Fannie Mae’s current COO, appointed to the additional role of acting CEO of Fannie Mae, according to William J.…
Affordability continues to be at the forefront of everyone’s mind, as the U.S. housing market steadies but remains more expensive compared to pre-pandemic conditions. As the 30-year fixed-rate mortgage (FRM) has fallen from recent highs—clocking in around the low-6% range—potentially making homeownership more affordable, U.S. cities are also some of the most renter-friendly worldwide. A…
Prior to the summer of 2024, home sellers were typically responsible for paying the commission for both their own agent and the buyer’s agent, and both sides of the transaction usually involved a traditional full-service agent. Agent commissions also remained (somewhat) consistent, generally hovering around 5% – 6% of a home’s sales price. Following the…
The dry spell for mortgage applications is showing signs of recovery as consecutive weeks of decreasing activity slows significantly. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan activity volume—decreased 0.3% on a seasonally adjusted basis for the week ending Oct. 17. For the week prior to this, the…
Homes.com and CoStar Group have become embroiled in another lawsuit, this time as the defendants, over an alleged breach of contract. REcore Solutions LLC—the vendor who provides licensing services for California Regional Multiple Listing Service (CRMLS) and other MLSs—announced it has filed a lawsuit in San Bernardino County against Homes.com and its parent company CoStar…
Housing professionals should expect modest growth in mortgage and home-buying activity and tempered optimism for 2026, according to projections released Sunday at the Mortgage Bankers Association’s (MBA) annual conference in Las Vegas. The trade group is calling for loan origination volume to reach $2.2 trillion in 2026, up 10% over 2025’s anticipated $2 trillion. The…
One of the men at the center of sexual assault allegations that purportedly took place at eXp recruiting events is now alleging the company officially separated him not for the misconduct, but for unpaid dues. The company faces a high-stakes jury trial over the allegations next year. At an occasionally contentious hearing on Oct. 17,…
Zillow customers who had a Matterport 3D home tour on a listing woke up today to find the virtual tour option removed, with Zillow claiming that the CoStar-owned company changed its terms of service to restrict usage of Matterport-created content on “any third-party platform.” CoStar also chose not to renew its API agreement with Zillow,…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Supreme Court denies review in REX v. Zillow Today, the U.S. Supreme Court has denied review in the REX v. Zillow case. A Zillow spokesperson gave RISMedia the following statement. “We’re pleased this…
As the fourth quarter of 2025 gets underway, experts highlight the cooling nature of the housing market, with home sales generating steady returns and mortgage rates sliding lower almost each week. For Q3, Realtor.com® reports that down payments remained relatively flat amidst elevated costs and moderate demand this past year. Their latest down payment report…
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