NAR guidance clarifies office exclusive listings, MLS rules

The National Association of Realtors (NAR) released updated guidance last week clarifying how office-exclusive listings and pre-marketing options must operate within multiple listing services, reinforcing brokers’ duties to follow local MLS rules and the Clear Cooperation Policy. The resource, title
Read MoreWhat the ROAD to Housing Act means for agents, homebuyers

The 21st Century ROAD to Housing Act is now the law of the land after President Donald Trump allowed a constitutional deadline to pass without signing or vetoing the bipartisan legislation. Legislation — widely regarded as the most comprehensive federal housing package in decades — cleared the Senat
Read MoreFHFA moves to drop ‘reputational harm’ from consideration in counterparty suspensions

The Federal Housing Finance Agency (FHFA) wants to drop “reputational harm” as a basis for suspending firms and individuals that do business with Fannie Mae, Freddie Mac and the Federal Home Loan Banks. In a notice of proposed rulemaking published Monday in the Federal Register, the agency said remo
Read MoreBTIG: Higher rates to hit Q2 originations as nonbanks lean on MSR gains

Higher mortgage rates will weigh on second-quarter originations and third-quarter guidance for nonbank lenders, even as slower prepayments bolster servicing income, BTIG analysts said in a report issued Monday. Earnings season will start on Tuesday with Wells Fargo and JPMorgan Chase, giving investo
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