Jobs Report Exceeds Expectations, CFPB Releases Mortgage Market Report, More Redfin Layoffs
OTA Staff
- 5 min.
Jobs Report Exceeds Expectations U.S. stocks took a hit this morning as investors processed a stronger-than-expected jobs report for December. The Dow Jones Industrial Average dropped half a percent, the S&P 500 fell... Read more ->
Fed Caution on Rate Cuts, REMAX Leadership Shakeup, and Apple Clarifies Siri Privacy After $95M Settlement
OTA Staff
- 5 min.
Fed Caution on Rate Cuts Minutes from the Federal Reserve’s December meeting, released yesterday, show growing concerns over inflation, with officials noting the uncertainty surrounding incoming administration policies. Though not directly naming the... Read more ->
DOJ Expands Lawsuit Against RealPage, Housing Market Slows with Opportunities for Buyers, Taylor Morrison Named Most Trusted Builder for 10th Year
OTA Staff
- 5 min.
RealPage: DOJ Expands Lawsuit The U.S. Department of Justice is expanding its antitrust case against RealPage, adding six major property management companies to the lawsuit. On January 7th, the DOJ filed an amended... Read more ->
NAR Welcomes Sherry Chris, Apartments.com Reports Rent Slowdown, Meta Revamps Content Moderation
OTA Staff
- 5 min.
Sherry Chris Join NAR In a major move by NAR, Sherry Chris has joined the National Association of Realtors® as an executive advisor, just two weeks after departing Anywhere Real Estate. Chris, a... Read more ->
CFPB Sues Vanderbilt Mortgage, 40 Women Come Forward in Alexander Brother Rape Case, Zombie Property Fees Lawsuit in NJ
OTA Staff
- 4 min.
CFPB Sues Vanderbilt Mortgage The Consumer Financial Protection Bureau has filed a lawsuit against Vanderbilt Mortgage & Finance, a lender owned by Warren Buffett’s Berkshire Hathaway, accusing the company of issuing “unaffordable” home... Read more ->
U.S. Jobless Claims Hit Eight-Month Low, Signaling Resilient Labor Market as Construction Spending Remains Flat
OTA Staff
- 4 min.
US Jobless Claims Hit Eight-Month Low labor market heading into 2025. Last week, new applications for unemployment benefits fell by 9,000, landing at 211,000 – the lowest since April. This suggests fewer layoffs... Read more ->
Lawsuits Filed Against Success Real Estate After Sudden Closure, Alleging Embezzlement and Unpaid Commissions
OTA Staff
- 6 min.
Success Real Estate Lawsuits In a developing story out of Massachusetts, three lawsuits have been filed against Success Real Estate, just two weeks after the agency suddenly shut its doors on December 14th.... Read more ->
Rocket Homes Faces CFPB Allegations, U.S. Expands Homelessness Initiatives, and Hiring Managers Show Strong Optimism for 2025 Growth
OTA Staff
- 5 min.
Rocket Homes Faces CFPB Allegations Rocket Homes, a division of Rocket Companies, is facing serious allegations of participating in an illegal kickback scheme aimed at steering mortgage business to its affiliates. The Consumer... Read more ->
Huntsville Police Search for Missing Realtor® Ronnie Dumas
Missing Realtor® The Huntsville Police Department is searching for answers in the disappearance of local realtor Ronald “Ronnie” Dumas Jr. A missing persons report was filed on Tuesday, December 17th, after Dumas, 37,... Read more ->
NAR Issues Cease-and-Desist Over Phoenix Realtors’ MLS Choice Option
OTA Staff
- 5 min.
National Association of Realtors NAR: Has sent a cease-and-desist letter to Phoenix Realtors over its new MLS Choice option, a move that could have significant implications for the real estate industry. MLS Choice... Read more ->
Federal Reserve Cuts Rates Again, but Signals Caution Amid Persistent Inflation, Sparking Market Selloff
OTA Staff
- 5 min.
Federal Reserve has lowered interest rates again but officials are signaling caution about future cuts. On Wednesday, the central bank reduced its key rate by a quarter percentage point, bringing it to a... Read more ->
