The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Real Estate

Is NAR ready to rumble with DOJ?

The Justice Dept. dropped the gloves, withdrawing from an antitrust settlement with the real estate trade group. But a “blindsided” NAR has yet to punch back.

HW-DOJ-1

Lisa Dunn was on her way to the American Automobile Association headquarters in Mission Viejo, California when her phone started blowing up. It was July 1, and the U.S. Department of Justice had just fired off a press release saying it withdrew from an antitrust settlement hammered out last November with the National Association of Realtors (NAR), the trade group that represents the vast majority of U.S. real estate agents and spends more annually on lobbying the federal government than any organization in the country.

“The Department is taking this action to permit a broader investigation of NAR’s rules and conduct to proceed without restriction,” the release declared. The DOJ also repeatedly mentioned commission costs, noting Americans “paid over $85 billion in residential real estate commissions last year.”

The founder of Laurel Real Estate and a veteran Orange County agent, Dunn is also part of NAR’s board of directors.

“People thought, ‘Oh, Lisa will know what to do,’” Dunn recalled.

But Dunn didn’t know, not even after an hour-and-a-half chat on Clubhouse later that night with concerned agents. She couldn’t advise other agents because NAR was not advising her. “They were relatively tight-lipped,” Dunn said of the trade group.

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