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Keeping it real: A luxe broker’s thoughts on Zillow, hashtags and gifting

On this edition of “Keeping it real,” a recurring series on Inman, Peter Lorimer talks Zillow, hashtags and the genius of gifting with Evabot. Source: click here

WATCH: How to stay positive when toxicity is everywhere

Tara-Nicholle Nelson explained how Trump, Facebook and the #MeToo movement are co-creating a more beautiful world at ICSF. Source: click here

The Real Word: How Compass’ tech licensing deal fell apart

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they’ll talk through Compass’ first big tech licensing deal with indie brokerage Leading Edge ending abruptly. Source: click here

Re/Max grows revenue slightly to $54.3M in second quarter

Re/Max reported revenue of $54.3 million in the second quarter of 2018, a year-over-year increase of 11.4 percent and a slight uptick from last quarter revenue.  Source: click here

Landlord-tenant matching platform Rezi raises $30M

Rezi, a New York startup that helps landlords fill vacant apartments with roommates just raised $30 million from tech investors. Source: click here

Precision directions and mapping company Mapfit announces new CEO

Jeroen Seghers will lead the 2-year-old precision directions and mapping startup on its quest to provide consumers with the “last 10 feet” of directions, down to specific doorways and floors. Source: click here

MLS-Touch app now available to California Regional MLS members

If you’re a member of the nation’s largest multiple listings service, you can now download the MLS-Touch app free of cost. The app, which allows members of multiple listings services across the country to search for property listings on their phones, will become available to approximately 93,500 California Regional MLS (CRMLS) subscribers across the state. […]

Xome buys Mortgage Solutions from Assurant for $35M

The deal will give the Lewisville, Texas-based Xome control of all of Assurant’s Mortgage Solutions products and services geared toward lenders, mortgage brokers, investors and property managers. Source: click here

Mortgage rates leap to fourth highest level of the year

Mortgages rates rose for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac. Rates for a 30-year, fixed-rate mortgage averaged 4.6 percent for the seven-day period ending Aug. 2, a 0.4 point jump from the previous week and up from 3.93 percent year-over-year. The rate for a 15-year, fixed-rate mortgage was also […]

Wells Fargo to pay $2.09B in subprime mortgage settlement

Banking behemoth Wells Fargo agreed Wednesday to pay $2.09 billion in fines for originating subprime mortgages that it knew contained misstated income information in the run-up to the financial crisis. Investors — including federally insured financial institutions — suffered billions in losses by investing in mortgage-backed securities that contained the Wells Fargo loans, according to the U.S. Attorney […]

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