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who’ve - 1 TD Cowan - 1 Will - 1 that’s - 1 it’s - 1
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DC CNN - 1 National Association of Realtors - 1 NAR - 1 MLS - 1

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2 mentions found


☆ How the recent settlement on paying a commission could change the way Americans buy and sell homes
  + stars: | 2024-03-15 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
Commissions aren’t disappearing — you’ll still need to pay a real estate agent for their work, just as you would any service provider. And the commission, which is set between an agent and the seller, will continue to be negotiable. The seller’s agent will also still be able to split the commission with the agent bringing the buyer. One new rule prohibits agents’ compensation from being included on listings placed on local centralized portals known as multiple listing services, which critics say led brokers to push more expensive properties on customers. This agreement will specify the work the buyer’s agent will do and how they will get paid.
Persons: who’ve, TD Cowan, Will, that’s, it’s Organizations: DC CNN, National Association of Realtors, NAR, MLS Locations: Washington
☆ FDIC sells most of failed Signature Bank to Flagstar
  + stars: | 2023-03-19 | by ( David Goldman | ) edition.cnn.com   time to read: +1 min
New York CNN —A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank. New York Community Bank bought substantially all of Signature’s deposits and a total of $38.4 billion worth of the company’s assets. That includes $12.9 billion of Signature’s loans, which New York Community Bank purchased at a steep discount -— it paid just $2.7 billion for them. New York Community Bank also paid the FDIC stock that could be worth up to $300 million. That’s likely why New York Community Bank was unwilling to take on all Signature’s assets.
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