Appeals court hears arguments on reopening the DOJ’s probe into NAR
Key Takeaways: – The Department of Justice (DOJ) is seeking to reopen its probe into…
Appeals court hears arguments on reopening the DOJ’s probe into NAR
Key Takeaways: – The Department of Justice (DOJ) is seeking to reopen its probe into the National Association of Realtors (NAR) and investigate its Clear Cooperation Policy and Participation Rule. – In 2020, the DOJ reached a settlement with NAR over listing and agent compensation policies, but the settlement was withdrawn by the Biden administration…
NAR names new chief marketing and communications officer
Key Takeaways: – Suzanne Bouhia has been appointed as the new chief marketing and communications officer for the National Association of Realtors (NAR) – Bouhia will join NAR’s senior vice president team and support NAR’s CEO – Bouhia brings over 25 years of experience in marketing and communications, including previous roles at Ernst & Young…
Looking To Borrow Even More For A House? Mortgage Loan Limits Are About To Increase In 2024
Key Takeaways: – Dec 4, 2023, 05:53pm EST: 8 Interior Design Trends Going Away In 2024 – Dec 3, 2023, 11:33am EST: Elizabeth Sutton Opens A Gallery And Retail Experience – Nov 30, 2023, 10:39pm EST: Carson Kressley Talks Ballard Designs At The Breeders Cup – Nov 29, 2023, 09:00am EST: New York City Enters…
Guild hires Adam O’Daniel as chief marketing officer
Key Takeaways: – Adam O’Daniel is joining Guild Mortgage as senior vice president and chief marketing officer. – Guild Mortgage aims to expand its brand presence nationally and provide marketing support for its sales teams. – Guild Mortgage has engaged in mergers and acquisitions to expand its footprint across the country. – In the third…
Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac
Key Takeaways: – Black Knight accused PennyMac of copying its mortgage servicing platform to create its own platform – An arbitrator awarded Black Knight $155.2 million in damages for breach of contract, representing six years of avoided license fees – PennyMac will keep all its intellectual property and software, including its platform, “free and clear…
How technology can help mortgage lenders combat repurchase risk
Key Takeaways: – Individual mortgages can be bundled together into mortgage-backed securities (MBS) and sold to investors on the secondary market. – If a mortgage in an MBS bundle defaults or contains errors, there is a repurchase risk where the entity that sold the MBS is obligated to buy back the non-performing or defective mortgage…
Sale Of Opulent Manse In Brooklyn Breaks Neighborhood Record
Key Takeaways: – The off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5 million has set a new local sales record in the Park Slope neighborhood of Brooklyn. – The property was listed for $30 million in 2021, but sold for $13.5 million. – The property is…
How I Built Nasty Gal to a $100M Business
Key Takeaways: – Nasty Gal started as an eBay side hustle and grew to a business doing $100M in sales – Sophia Amoruso, the founder of Nasty Gal, had no prior business experience or training – Nasty Gal became a profitable clothing empire and Sophia was featured on the cover of Forbes – Nasty Gal…
Nikki Beauchamp Leaves Engel & Völkers For Sotheby’s
Key Takeaways: – Nikki Beauchamp has left Engel & Völkers and joined Sotheby’s International Realty – Beauchamp believes her clients will benefit from Sotheby’s international network – She will be working at Sotheby’s East Side Manhattan office – Beauchamp has over two decades of experience in the industry and has worked at several brokerages –…
69 Doors from ONE Real Estate Deal Using Other People’s Money
Key Takeaways: – The guest on the Real Estate Rookie podcast, Andrew Freed, successfully completed a $6.5 million real estate deal using other people’s money. – The deal involved a portfolio of 12 properties with a total of 69 doors. – Andrew found the deal through a direct mailer, but it was brought to him…
