UBS sells mortgage servicer to Sixth Street-led investor group

Swiss bank UBS Group AG has decided to sell Credit Suisse’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street, HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. Representatives at Credit Suisse, Davi

Real Brokerage pulls out the stops to prep for new commission rules

The new rules mandated by the National Association of Realtors‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them.The Real Brokerage is going all out to prepare its

Private Island in Maine Hits the Market for Under $5M—but There’s a Catch

Realtor.comA private island in Maine, home to a storied estate, recently landed on the market for just $5 million—but potential buyers might want to think twice before snapping up this isolated oasis.Built in 1914 and owned by the same family for 70 years, the island’s four-bedroom main house offers

I Bought a Beach House in Cape Cod for $395K—It’s About To Fall Into the Ocean but I’m Living My Dream While I Can

Courtesy of Kinlin Grover CompassDavid Moot had always fantasized about owning a beachfront retreat on Cape Cod, but never thought he could afford it—until he stumbled upon a coastal gem listed for just $395,000.At roughly half the median sales price in the area according to recent estimates, the li