Guild Mortgage shrugs off 2023 loss as it pursues acquisitions
The San Diego-based lender has completed 5 acquisitions in the past 18 months in pursuit of market share, unfazed by a 21% drop in mortgage originations and a $39.1M 2023 net loss
by Matt Carter Mar 13
LoanDepot trims 2023 net loss by 37%, retains 'strong liquidity profile'
As mortgage rates soared last year, loanDepot slashed $693M in annual expenses but saw loan origination volume plunge by 58% from the year before, to $22.7B, as refinancings evaporated
by Matt Carter Mar 12
OJO acquires The LEAD Syndicate, rebrands around Movoto
The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents
by Jim Dalrymple II Mar 12
Steve Harney, legendary Keeping Current Matters founder, dies at 68
Harney founded Keeping Current Matters in 2007 to help agents and homeowners prepare to navigate the coming financial crisis
by Ben Verde Mar 8
Baird & Warner at center of latest commission lawsuit filed in Illinois
Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant
by Jim Dalrymple II Mar 7
Zillow, Realtor.com team up on syndicated rental listings
The ongoing portal war has now sparked a new alliance that'll see Zillow's rental listings show up on Realtor.com's site
by Jim Dalrymple II Mar 6
Elephant in the room: What execs revealed about commissions in Q4
In the wake of legal settlements in 2 of the largest commission lawsuits, RE/MAX and Anywhere illuminated their paths forward to investors in Q4 earnings calls. Intel reads the tea leaves
by Daniel Houston Mar 6
Argyle sees path to profitability with $30M Series C raise
Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund
by Matt Carter Mar 5
Compass, eXp notch more big recruiting wins
Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks
by Jim Dalrymple II Mar 1
Opendoor's partnership with eXp officially goes live
The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents
by Jim Dalrymple II Feb 29
Offerpad narrows Q4 loss, expects to be back in black later this year
The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245M to $285M in revenue and achieve positive adjusted EBITDA earnings later this year
by Matt Carter Feb 26
Institutional investors are scooping up Kiavi's 'fix and flip' bridge loans
Kiavi upsizes its 16th securitization to $350M and says oversubscribed offering is company's biggest since November 2021, bringing total issuance since 2019 to $4B
by Matt Carter Feb 26
'The Mortgage Professor' Jack Guttentag dies peacefully at 100
Guttentag 'remained sharp to the end' and continued researching and writing about mortgages until passing away on Feb. 6, his friend and colleague Allan Redstone tells the Wharton School
by Matt Carter Feb 23
Zonda beefs up portal presence with NewHomeSource acquisition
The homebuilding data provider acquired the company behind NewHomeSource.com and the home-design platform Envision
by Daniel Houston Feb 21
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
NAR hits back following 'external commentary' critical of the group
NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the US Department of Justice wants big changes in real estate
by Jim Dalrymple II Feb 16