Fitch Ratings downgraded the long-term issuer default ratings of United Wholesale Mortgage (UWM) to B+ from BB-, citing a sharp increase in leverage driven by second-quarter losses and higher borrowings. UWM’s ratings outlook is stable, Fitch said. UWM’s corporate leverage, measured as gross nonfund

REMAX and Keller Williams have received final approval of their homebuyer commission lawsuit settlement agreements in the Batton 1 lawsuit.  Judge LaShonda Hunt, who is overseeing both of the Batton lawsuits, granted final approval to both settlements this week after a fairness hearing on Tuesday. 

There is a number every listing agent should be able to explain this week: 4.6%. It is the premium Compass says its private listings earn sellers. There is a second number that says the opposite. And there is now a third party, the United States Congress, asking which one is true. Start with Washing