As the paintball game speeds up and all major players dodge faster to avoid designation as bearers of systemic risk, let’s not get fixated on “too big to fail” as the past or future cause of the disaster. There is something worse than “too big to fail,” namely, “too few to compete.” The rating agencies, for instance, were not too big to fail — but they were too few to compete. The same is true for mortgage servicing.
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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.”
Back in April, Keller Williams announced it would begin buying and selling houses. Now it’s expanding that program. Now, Keller Williams announced it will launch its iBuyer program in Birmingham, Alabama, through its partnership with Offerpad early in the first quarter of 2020.