Editor’s note: This is the first in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. In the year since a Missouri jury found the real estate…
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Jim Egan, Morgan Stanley U.S. securitized products research, joins ‘Power Lunch’ to discuss the health of the housing sector.
Compass has made two big additions in Austin and St. Louis. The Weiss Group in Austin is returning after a stint with The Agency, bringing its six-agent team and $75 million in 2023 sales back to Compass. In St. Louis, the 10-agent Monschein Team is leaving Berkshire Hathaway HomeServices. In respective statements, both groups cited…
Onity Group, the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, announced this week that it will offer $500 million in senior notes due in 2029. The proceeds from this note sale, along with additional cash from the company, will be used to pay off older debt with higher interest rates. The deal…