New brokerage Showings bets on buyer leads over listing commissions

A new real estate brokerage aims to eliminate traditional listing agents and listing fees altogether — a model its founder says could challenge decades-old assumptions about agent compensation. Showings announced it will officially launch May 22 in New York City, Atlanta, Chicago and Orlando. The co
Read MoreSingle-family housing starts fell in April, but multifamily gained momentum

Housing starts increased in April compared with a year ago, but a deeper dive into the data reveals that this uptick was driven by a noisier boost in multifamily development activity, while single-family starts declined. According to the U.S. Census Bureau’s new residential construction data releas
Read MoreAI adoption in mortgage servicing is accelerating, BlackWolf says

A new white paper from BlackWolf Advisory Group says adoption of artificial intelligence in mortgage servicing is accelerating as firms seek to reduce costs, improve compliance and automate routine tasks. While the paper says servicers are ready and actively adopting AI, regulatory scrutiny and lega
Read MoreCFPB prioritizes Reg X, GSE streamline refis as LO Comp hopes fade

The Consumer Financial Protection Bureau (CFPB) could finalize changes to its Regulation X servicing rules while creating a regulatory pathway for streamlined refinances through the government-sponsored enterprises (GSEs) by the end of this year, mortgage industry sources told HousingWire.Meanwhile,
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