Correct — Mark Baum in the film is based on Steve Eisman. We just took the character name.

Per RISMedia, the move is widely read as a counter to Compass's push against cooperation rules and the broader drift toward private, exclusive listings. Brown Harris Stevens, Lamacchia, Sampson Properties and Windermere signed on as participating members.

Four of the largest brokerage groups just teamed up. AGNT (eXp/NextHome), HomeServices of America, Keller Williams and Real REMAX Group launched "Open Real Estate," a shared platform to syndicate listings to MLSs and portals with one click.

Onchain, week of Oct 26: Stablecoin supply $302.4B (-0.7% w/w). Tokenized RWA TVL $3.9B (-0.1% w/w), led by Ethena USDtb ($477M), Re ($466M), Huma ($375M). Offchain: 30yr FRM 7.32%, 10yr Treasury 4.96%.

Separately, MBA reported mortgage applications fell 5.3% for the week ending Oct 16 even as the 30yr rate eased to 7.41%, per MBA data — purchase apps still ran 18% below a year ago.

All three components declined. Buyer traffic dropped to 18, the weakest outside the April 2020 pandemic shock since 2012. NAHB cited mortgage rates, materials costs and labor conditions.

NAHB/Wells Fargo Housing Market Index fell 3 points to 29 in October, the lowest reading since June 2012. Consensus had looked for 31.

Weekly rates, Oct 22: The 30-year FRM declined to 7.32% from 7.40% last week. That is 113 bps above the same week in 2025 (6.19%). The 15-year FRM declined to 6.68% from 6.71% last week. That is 124 bps above the same week in 2025 (5.44%).

Preliminary Q3: net income $205M-$220M on $33.4B in originations ($22.8B purchase, $10.6B refi) at a 124 bp gain margin. UWM's MSR book stood near $270B UPB at quarter end, per filings cited by National Mortgage News and HousingWire.

UWM Holdings says it will sell $70B-$80B of mortgage servicing rights in Q4, expecting proceeds above $1.8B, per preliminary Q3 results released Friday. Proceeds plus ~$400M from a pending rights offering go toward paying down non-funding debt.

Per the EO: FHFA pilot to cancel mortgage insurance once a borrower hits a set equity threshold at current value, a permanent title-insurance waiver for refis, and a new task force on housing costs. That's what's been reported so far.

$BOUNCE graduated. Its Pons bonding curve filled and the liquidity moved into a locked Uniswap v4 pool. Launched through Baum.

Latest to pull back: AVI-SPL shelved a $690M leveraged loan and Mesirow postponed a $175M bond tied to a Midtown Manhattan office mortgage, as rising yields keep squeezing mortgage and CRE bond issuance.

Update: the bond-sale pause flagged last week has widened. Per Bloomberg, companies have postponed more than $5 billion in US and European debt sales this month across at least seven issuers — the biggest spate of delays this year.

Where stablecoins live, week of Oct 21: Ethereum $143.2B (48%, -0.7% w/w) Tron $94.1B (31%, -0.6% w/w) Solana $15.6B (5%, -1.2% w/w) Top 3 hold 84% of $300.8B across 170 chains.

Separately, NAR's pending home sales index dropped 7.3% in September to 66.0, the lowest since the series began in 2001 and down 11.3% year over year. NAR cited fast-rising mortgage rates.

Housing starts fell 5.2% in September to a 1.221 million annualized pace, missing the 1.305 million consensus and among the weakest readings since the pandemic, per Census Bureau data.

Deal adds California, Nevada, Indiana and Delaware to Dream Finders' footprint and expands its DC-metro, Texas, Florida and Carolinas presence. CEO Patrick Zalupski called it the company's largest acquisition since its 2021 IPO.