The regulator of Fannie Mae and Freddie Mac is on the cusp of making big changes to the market for interest-rate swaps, in a move that could potentially cut into Wall Street firms’ revenues and generate new business for some firms that run exchanges. The Federal Housing Finance Agency, which oversees the government-owned mortgage giants, expects them to start using a clearinghouse to trade the swaps by year’s end, according to people familiar with the matter.
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The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
Qualia, a real estate closing technology company, is now positioned to seriously grow its platform thanks to a sizable injection of new funding. Qualia announced Wednesday that it raised $55 million in its Series C funding round, more than doubling its previous funding total of $40 million.