Author name: Ricky Vasquez

‘No legitimate justification’: California broker sues NAR over ‘anticompetitive’ dues

A California real estate broker is suing the National Association of Realtors (NAR) over a policy that forces brokers to pay dues for agents who aren’t members of their state, local or national Realtor associations. John Diaz, who’s based in Modesto, claims that NAR’s Variable Dues Formula (VDF) policy penalizes brokers for associating with agents […]

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Reverse mortgage performance was largely steady in May

Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate

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‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper

Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They

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