Judge tosses FTC rule banning noncompetes, cites lack of authority

A U.S. District Court judge in Texas on Tuesday blocked a Federal Trade Commission (FTC) rule banning noncompete agreements, which are commonly used in the mortgage and real estate industries.Judge Ada E. Brown of the U.S. District Court for the Northern District of Texas granted plaintiff Ryan LLC,
Read MoreFannie Mae economists lower their expectations for 2024 home sales

Mortgage rates have moved lower in recent months, but Fannie Mae economists said Wednesday that this won’t be enough to increase the number of homes sold in the foreseeable future.Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on
Read MoreConsumer groups urge FHFA to update climate standards for GSE-backed homes

A coalition of interest groups oriented around climate issues has launched a social media campaign designed to pressure the Federal Housing Finance Agency (FHFA) into adopting up-to-date energy-efficiency standards for homes backed by the government-sponsored enterprises (GSEs) Fannie Mae and Freddi
Read MoreAgents are prepping sellers for a greater variety of offers

While there have not been any “horror stories” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals
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