UBS will pay $300M to settle Credit Suisse case
The payment, which UBS inherited when it acquired Credit Suisse, resolves consumer-relief commitments that Credit Suisse agreed to in 2017.
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Rocket revamps real estate arm, moves home search to Redfin
Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket until August 4.” After that, they will be redirected to Redfin’s platform, which will serve as Rocket’s primary home search tool.
Douglas Elliman doesn’t want private listings to be the norm
Despite a slow second quarter, Douglas Elliman recorded its strongest first half of the year since 2022.
How much lower can mortgage rates go after Friday’s jobs report?
Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. How much lower can they go?
Trigger lead ban bill advances to Trump’s desk
The Homebuyers Privacy Protection Act (H.R. 2808) passed through the U.S. Senate with unanimous consent and without amendments late Saturday.
Outdated tax law could cost senior homeowners looking to sell
The home equity tax law hasn’t been updated since 1997, meaning senior homeowners could pay a sizable chunk in taxes when they go to sell.
Top Miami agent Raul Santidrian joins Coldwell Banker Realty
Santidrian consistently ranks among top agents statewide and brings a track record that includes more than 600 closed transactions
Tech Pulse: ICE posts strong earnings; bill pushes unconverted crypto in mortgage
A new Senate bill would require Fannie Mae and Freddie Mac to factor in unconverted cryptocurrency when underwriting mortgages.
The Fed could cut rates in September. Mortgage pros are skeptical of the impact
While many expect the Federal Reserve to cut interest rates at its September meeting, mortgage professionals caution that even if it happens, it won’t significantly impact the industry.
Rocket returns to profitability in Q2, yields early benefits from Redfin deal
Rocket Companies has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S.