Keller Williams announced it has agreed to a $70 million settlement in the Sitzer/Burnett lawsuit that challenged the commission structure of real estate professionals. Company founder and Executive Chairman Gary Keller announced the settlement in an internal email,...
The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down last week when it averaged 6.69%, and it is up from the 6.09% average of one year ago at this time. The...
New American Funding (NAF), an independent mortgage lender headquartered in Tustin, California, announced plans to acquire Draper and Kramer Mortgage Corp. (DKMC), a subsidiary of Chicago-based Draper and Kramer Holding (DKH), a financial and real estate services...
The number of homes actively for sale during January increased by 7.9% from one year earlier, according to data from Realtor.com, which added median listing prices recorded a growth of 1.4% compared to the same time last year. In January, more than half of the 50...
A new data report from ATTOM determined 46.1% of mortgaged residential properties were considered equity rich in the fourth quarter of 2023, down from 48% one year earlier and down from 47.4% in the third quarter for the second consecutive quarterly decline. The...
Rocket Companies (NYSE: RKT) has appointed Alex Rampell as an independent director to its board of directors. Rampell currently serves as general partner at Andreessen Horowitz, focusing on fintech investments. He also cofounded TrialPay, a transactional advertising...
Hits and Misses for the Real Estate Week of June 29-July 3
