The Real Brokerage settles Umpa commission lawsuit for $9.25M

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The Umpa suit is the only commission lawsuit in which Real has been named as a defendant. The brokerage will pay $9.25 million into a quali
Read MoreDOJ will intervene in NAR’s commission lawsuit settlement: KBW analysts

Analysts at investment bank Keefe, Bruyette & Woods believe that the Department of Justice will intervene in Sitzer/Burnett commission lawsuit after receiving the green light to reopen its investigation into the National Association of Realtors.In a note published on Sunday, the analysts wrote that
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The National Association of Realtors (NAR) unveiled a new partnership with SoFi on Monday. As part of the agreement, NAR members and their clients will be eligible to receive exclusive rates and discounts on mortgages, student loan refinancing, and personal loans, among other perks.“This partnershi
Read More Premise of the Hunterbrook Media thesis on UWM is ‘misplaced:’ BTIG analysts

United Wholesale Mortgage’s (UWM) revenue margins “don’t stand out like” one would expect if the company was overcharging borrowers, analysts at BTIG said on Monday. The comments follow a Hunterbrook Media report from last week stating that UWM pressures brokers to send loans its way, resulting in h
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