President Scott Durkin Fired Following CEO Lorber’s Exit
OTA Staff
- 5 min.
Scott Durkin In a dramatic shake-up at Douglas Elliman Realty, Scott Durkin, the president, was fired on Friday, just days after the unexpected retirement of CEO Howard Lorber. The announcement came via a... Read more ->
Consumer Financial Bureau Looks to Regulate Appraisal Industry
OTA Staff
- 5 min.
Appraisal industry is buzzing As the Consumer Financial Protection Bureau, or CFPB, seeks input on appraisal fees. In a recent Request for Information, the CFPB aims to tackle what it calls “junk fees”... Read more ->
U.S. Treasury Grants $250 Million in Affordable Housing
OTA Staff
- 5 min.
US Treasury Grant Department is set to award Nearly $250 million to financial institutions and nonprofits, aiming to create around 30,000 units of affordable housing across the country. Treasury Secretary Janet Yellen announced... Read more ->
4th Quarter Economic Update with Tammy Wittren
Tammy Wittren
- 29 min.
The 4th Quarter Economic Update with Tammy Wittren is a vital video series designed specifically for real estate agents seeking to enhance their understanding of the current housing market in the United States.... Read more ->
Rocket Mortgage Sued for Discrimination
OTA Staff
- 5 min.
Rocket Mortgage Sued for Allegedly Discriminating Against Black Homeowners. The U.S. Justice Department has filed a significant lawsuit against Rocket Mortgage Sued and two appraisal firms for allegedly discriminating against a Black homeowner... Read more ->
Taylor Morrison Home Builder Posts Better Than Expected Earnings in Q3
OTA Staff
- 5 min.
Taylor Morrison Reports Strong Q3 Earnings In a strong performance, Taylor Morrison Home, ticker symbol TMHC, has reported better-than-expected sales for the third quarter of 2024. The homebuilder Taylor Morrison posted revenues of... Read more ->
Honolulu City Council Weighs Empty House Tax
OTA Staff
- 5 min.
Honolulu City Council members are looking to Vancouver Canada, as a potential model for their own empty homes tax, aiming to combat a growing housing crisis in Honolulu. Similar to Vancouver's approach, which... Read more ->
New York Community Bancorp Announces 700 Job Cuts Amid Efforts to Regain Profitability
OTA Staff
- 5 min.
Bancorp New York cuts 700 jobs In a significant move to regain profitability, Bancorp New York Community Bancorp announced last week that it will lay off 700 employees at its Flagstar subsidiary. This... Read more ->
New HUD Report Identifies FHA Racial Divide
OTA Staff
- 5 min.
FHA Racial Divide: A New HUD Report Identifies This week, the U.S. Department of Housing and Urban Development released a new report highlighting the significant FHA Racial Divide in federal housing programs. The... Read more ->
84% Believe Homeownership is the American Dream
OTA Staff
- 5 min.
Homeownership: Fannie Mae CEO Warns of Housing Crisis In a recent interview with MarketWatch, Fannie Mae CEO Priscilla Almodovar shed light on the unique and significant challenges plaguing today’s housing market, which deeply... Read more ->
DOJ Sanctions That Could Impact RE “Google My Business” Practices
OTA Staff
- 5 min.
RE Google My Business: DOJ Sanctions That Could Impact RE “Google My Business” Practices In a landmark antitrust case, the Justice Department is calling for sanctions against Google to curb its dominance in... Read more ->
Goldman Sachs Reports 45% Profit in Q3
OTA Staff
- 5 min.
Goldman Sachs Reports In a major boost for Wall Street, Goldman Sachs Reports a staggering 45% increase in third-quarter profits, reaching nearly $3 billion compared to about $2 billion last year. This surge,... Read more ->
