HousingWireHousingWire While the real estate brokerage community battles it out over the National Association of Realtors’ (NAR) Clear Cooperation Policy (CCP), lawmakers in one state have taken things into their own hands. In early February, lawmakers in Illinois introduced a bill that seeks to make CCP a part of the…
Continue reading →HousingWireHousingWire Blend Labs, Inc. reported its Q1 2025 earnings Thursday, touting a turnaround as its financial losses narrowed, deal pipeline strengthened and it landed major clients while sharpening its focus to become “software-first.” SEC filings show that Blend’s platform revenue for the first quarter came in at $26.8 million, nearly…
Continue reading →HousingWireHousingWire Federal prosecutors have expanded their case against the Alexander brothers. In a superseding indictment filed Thursday in a Manhattan federal court, prosecutors added six more charges against one or more of the brothers. The charges are related to sex trafficking involving four additional women, including one minor. The federal…
Continue reading →HousingWireHousingWire New York Attorney General Letitia James is the target of a criminal investigation related to mortgage fraud, following a referral by Federal Housing Finance Agency (FHFA) Director Bill Pulte, multiple news outlets reported Thursday. The U.S. Department of Justice alleges that James falsely claimed she intended to make a…
Continue reading →HousingWireHousingWire The expense associated with originating mortgage loans has been escalating, with the current average cost approximating $11,600 per loan. A substantial component of this expense is attributed to Loan Officer Compensation (LO Comp), which typically constitutes 1% to 2% of the loan amount and represents nearly half of the…
Continue reading →