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Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes

Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes

by Phil Hall | Aug 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) has filed a civil antitrust lawsuit today against RealPage Inc., the Richardson, Texas-based property management software company, claiming it masterminded an “unlawful scheme to decrease competition among landlords in apartment...
Powell on Rates: ‘Time Has Come for Policy to Adjust’

Powell on Rates: ‘Time Has Come for Policy to Adjust’

by Phil Hall | Aug 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell has given his clearest signal that central bank is ready to cut interest rates in September. In a speech delivered today at an economic symposium sponsored by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming,...
Utah Brokerage Homie Sues NAR, Claiming Organized Boycott

Utah Brokerage Homie Sues NAR, Claiming Organized Boycott

by Phil Hall | Aug 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Utah-based real estate brokerage Homie has filed an antitrust complaint against the National Association of Realtors (NAR), claiming that the organization’s member agents have steered prospective buyers away from Homie’s listings. According to a Deseret News...
FHFA Proposes 2025-2027 Housing Goals for Fannie Mae and Freddie Mac

FHFA Proposes 2025-2027 Housing Goals for Fannie Mae and Freddie Mac

by Phil Hall | Aug 22, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) issued a proposed rule to establish the 2025-2027 housing goals for the government-sponsored enterprises (GSEs) Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC). The FHFA said the goals would ensure the GSEs’...
GSEs Update Private Mortgage Insurer Eligibility Requirements

GSEs Update Private Mortgage Insurer Eligibility Requirements

by Phil Hall | Aug 22, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the government-sponsored enterprises Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are updating their Private Mortgage Insurer Eligibility Requirements (PMIERs). The GSEs first issued their PMIERs in...
Utah Files Lawsuit Challenging Federal Control Over Most BLM Land

Utah Files Lawsuit Challenging Federal Control Over Most BLM Land

by Phil Hall | Aug 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The State of Utah filed a public lands lawsuit seeking the U.S. Supreme Court’s input on whether the federal government can indefinitely hold unappropriated lands within the state. The federal government currently controls nearly 70% of the land in Utah. According to...
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