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THE BASIS POINT

Hurricane Irene Path This Weekend

August 26, 2011

Thoughts going out to East Coast family and friends this weekend…

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Linkage – Handpicked News

UWM was sued this week in a class-action lawsuit alleging a scheme with mortgage brokers to charge excess costs to borrowers (housingwire.com)
A Reuters exclusive reports Google parent Alphabet may make an offer for HubSpot, a dominant marketing software company worth $35 billion (reuters.com)
Number 1 mortgage lender UWM ($108b) and number 3 Rocket ($80b) have a decades-old rivalry that's now playing out in the NBA. ESPN has details. (espn.com)
Strong consumers & stubborn inflation delay rate cuts, but Fed still cuts about 0.75% in 2024 (reuters.com)
Dan Green of Homebuyer.com & Mike Simonsen of Altos Research discuss home inventory, sales, prices, and how realtor pay is changing (youtube.com)
NAR answers key questions in lawsuit settlement. How agents will get paid by home buyers & sellers, relevance of MLSs now, how NAR pays $418m settlement, etc. (nar.realtor)
"NAR settlement destroys current home buying and selling business model, in which sellers pay both their broker and a buyer’s broker, which critics say have driven housing prices artificially higher." (cnn.com)
NAR $418m lawsuit settlement could mean lower fees for home buyers and sellers. Redfin & CNBC explain how. (youtube.com)
Steven Mnuchin explains how and why he might buy TikTok. Watch his CNBC rundown of the deal. (youtube.com)
A deep dive by Linette Lopez on how Tesla, Ford, and GM are in trouble as China’s EV engine roars (businessinsider.com)

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