A Federal Reserve plan to make low-downpayment loans more expensive for banks could negatively impact the Biden administration’s efforts to combat housing inequality, experts told Politico. Civil rights and housing groups have formed an unlikely alliance to oppose the plan, claiming that increased c

Encompass Lending Group, a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Terms of the deal were not disclosed.Elite Financing Group will operate under the umbrella of Cary, North Carolina-based Enc

Adam Wiener, Redfin’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. His last day at the company will be Friday, Sept. 8.During his tenure, Wiener first served as a product manager for

New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty.“The Special Committee has not concluded that the Consortium’s most recent re