Residential business is coming through in dribs and drabs for many lenders, but that doesn’t stop all the random news out there. To no one’s surprise, Compass is suing Zillow, the owner of Zillow Home Loans which has seen its volumes expanding nicely as of late. The inventory crunch is definitely behind us, as evidenced by Lennar (home of MBA Chair Laura Escobar) seeing its average sale price drop 8.6 percent. The U.S. House of Representatives passed the Homebuyers Privacy Protection Act (H.R. 2808). It will be matched up with the Senate’s version to iron out any differences, and then hopefully move up the food chain. It’s trendy to own a stadium’s naming rights, or a professional sports franchise. Think loanDepot, FBC Mortgage, Rate, or Dan Gilbert (Cavaliers), Mat Ishbia (Suns), and now… Union Home’s Bill Cosgrove? Yup, his name is in the mix along with Dream Finders Homes CEO Patrick Zalupski as being in “exclusive discussions” to purchase the Tampa Bay Rays baseball team. (Dream Finders had a busy 2024 reaching company records of 8,583 closings, a pre-tax profit of $438 million, and home building revenue of $4.4 billion, which is an increase of 18% compared with 2023.) (Today’s podcast can be found here and this week is sponsored by Optimal Blue. OB bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform, helping lenders maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Today’s has an interview with Duke professor Marvin Chang on how mortgage lenders should prioritize AI, aligning LO incentives with company incentives, driving costs down, and securing a return on investment.)