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 nonfunding debt to tangible equity, jumped to 6.1x at the end of […]
UWM downgraded by Fitch after Q2 loss, Oaktree deal Read More »
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. According to the orders filed by Judge Hunt, the court
REMAX, Keller Williams win final approval of Batton 1 settlement Read More »
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 Washington, because that is
The off-MLS debate moves to Washington, and agents need a clear script Read More »