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Justice Dept. in $6.5 Million Redlining Settlement with Credit Union

Justice Dept. in $6.5 Million Redlining Settlement with Credit Union

by Phil Hall | Oct 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Justice (DOJ) announced its first redlining settlement with a credit union in its $6.5 million agreement with the $6 billion-assets Citadel Federal Credit Union. The DOJ alleged that Citadel failed to provide mortgage lending services to...
Leadership Change at Chicago Community Loan Fund

Leadership Change at Chicago Community Loan Fund

by Phil Hall | Oct 11, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Chicago Community Loan Fund (CCLF), a nonprofit Community Development Financial Institution with nearly $200 million in assets, announced the retirement of Calvin L. Holmes after nearly 30 years with the organization, including over 26 as president. Holmes joined...
NAR Asks Supreme Court to Review DOJ Probe

NAR Asks Supreme Court to Review DOJ Probe

by Phil Hall | Oct 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) has requested the U.S. Supreme Court to review whether the U.S. Department of Justice (DOJ) has the right to reopen an antitrust investigation that was resolved in a 2020 settlement. NAR’s writ of certiorari argues that the...
American Real Estate Association Seeks Input for Lawsuit Against NAR’s Clear Cooperation Policy

American Real Estate Association Seeks Input for Lawsuit Against NAR’s Clear Cooperation Policy

by Phil Hall | Oct 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The start-up American Real Estate Association (AREA) is soliciting input from real estate professionals to become involved in a potential class action lawsuit against the National Association of Realtors’ (NAR) Clear Cooperation Policy. “Many real estate professionals...
Pending Sales Up in Mid-Atlantic Region

Pending Sales Up in Mid-Atlantic Region

by Phil Hall | Oct 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 19,945 new pending sales were recorded during September in the Mid-Atlantic region covered by Bright MLS, up 10.3% from year ago. The increase in pending sales was fueled by a regional housing inventory that has been increasing for eight consecutive months....
CoreLogic Debuts Araya, AI-Enabled Housing Data Platform

CoreLogic Debuts Araya, AI-Enabled Housing Data Platform

by Phil Hall | Oct 10, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

CoreLogic has introduced Araya, a platform that combines housing data with artificial intelligence (AI)-enabled analytics to offer property, market and portfolio insights. According to the company, the new platform’s solutions include such categories as property...
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