"November 2024" Archives

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United Real Estate expands its presence in New Orleans

New Orleans-based United Real Estate Partners is continuing to expand. On Thursday, the firm announced a merger with Real Estate Resource Group. According to the announcement, the merger will further strengthen United’s foothold in the Greater New Orleans area. Earlier this year, the firm announced another merger with Team Geaux Realty. “The accelerating growth now…

The Lutz commission lawsuit could soon include 31 new plaintiffs

The plaintiffs in the Lutz homebuyer commission lawsuit are looking to file yet another amended complaint. In a motion filed on Monday, James Lutz told the court that in his proposed amended complaint, he would add 31 more named plaintiffs to the suit. According to the motion, the “newly added Plaintiffs plead identical claims to…

The typical mortgage lender made a profit of $701 per loan in Q3

Independent mortgage banks (IMBs) as a group expanded their profitability in the third quarter of 2024. But fewer companies recorded profits compared to the previous quarter, despite a brief dip in mortgage rates. According to the Mortgage Bankers Association (MBA), IMBs and mortgage subsidiaries of chartered banks reported an average pretax net profit of $701 per…