Could the Housing Inventory Shortage be Causing Compliance Concerns?

Join DataVerify and industry experts for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.

Side’s Spencer Krull on brokerages, Los Angeles real estate

During this episode of HousingWire Daily, we pressed Spencer Krull on the modern-day purpose and economic viability of a brokerage, and what Side’s distinctive model specifically offers.

eXp CEO loves Glenn Stearns’ star power

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. HW+ Premium Content.

Why female leadership is crucial to the mortgage industry

HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

Investments

Investors sue Treasury over Fannie, Freddie bailout

Preferred shareholders of Fannie Mae and Freddie Mac filed a class action lawsuit challenging the government’s appropriation of their dividend, liquidation and related distribution rights. 

This is one of a handful of cases filed this week by investors claiming the government is illegally seizing profits from the enterprises and simultaneously destroying shareholder holdings. 

Acting on behalf of several investments funds, Boies, Schiller & Flexner as well as Kessler Topaz filed a suit that challenges the 2012 Third Amendment to the government’s preferred stock purchase agreements that the U.S. Treasury and Federal Housing Finance Agency agreed upon. 

The firms allege that the government’s “unilateral amendment of the senior preferred stock agreements constitutes a ‘taking’ under the Fifth Amendment to the US Constitution requiring payment of just compensation.”

Deemed the “Sweep Amendment,” the Third Amendment changed the rules regarding the government’s investment in Fannie and Freddie. The firms want to stop the Treasury from enforcing the amendment to preferred stock purchase agreements, according to a release.

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Home prices are still rising, but relief for buyers is coming

Domestic home prices increased 2.3% from May to June, and 17.2% year-over-year, per CoreLogic. Twin Falls, Idaho had the highest annual increase at 40.2%.

Aug 03, 2021 By
3d rendering of a row of luxury townhouses along a street

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