Less than a week after Move filed an amended motion for a preliminary injunction in its ongoing lawsuit against CoStar, the commercial listing giant has shot back. In a brief filed on Wednesday, CoStar claims Move is seeking the injunction because Move’s Realtor.com is losing market share to CoStar’s Homes.com. This comes after Move revealed…
"September 6, 2024" Archives
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The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to industry experts. Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3% from July to August, with the total…
For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes. As a result of the settlements, Allied Title &…
August’s gain of just 142,000 total nonfarm payroll jobs confirms that the job market is cooling, which all in all is good news for the Federal Reserve, which meets in a little under two weeks to discuss interest rates. But is it enough to justify a half-point cut? Data from the U.S. Bureau of Labor Statistics released on…