"February 2025" Archives

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NAR looks to dismiss DeYoung suit on three-way membership agreements

The National Association of Realtors (NAR) is continuing its quest to unshackle itself from antitrust litigation surrounding its three-way Realtor association membership agreements and MLS access.  On Tuesday, NAR and other defendants filed a motion to dismiss the DeYoung suit by arguing that the plaintiffs have failed to state a claim. NAR has also filed…

The FHA denies facing 40% staff cuts but offers no layoff details

It seems the Federal Housing Administration (FHA) — a division of the U.S. Department of Housing and Urban Development (HUD) — won’t be spared from widespread personnel cuts, as had been suggested by prior reporting and statements from a HUD workers’ union official. But it’s still unclear exactly what’s happening. Reporting by Bloomberg on Tuesday…

Refinance applications take a dip following several strong weeks

Mortgage applications decreased 6.6% from last week, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Feb. 14, 2025. On an unadjusted basis, applications decreased by 4% compared with the previous week. The refinance share of mortgage activity, which had been strong for the past few weeks,…