Fannie Mae lays off 100 workers citing unethical conduct
Fannie Mae has confirmed the dismissal of over 100 employees in connection with a fraud scheme aimed at its charitable matching program
by Richelle Hammiel Apr 8
Investors surprised by nCino's $18.6M Q4 loss, cautious guidance
Shares in cloud banking solutions provider hit a new all-time low after company posts guidance that revenue from the company's main line of business could shrink by as much as 7% this year
by Matt Carter Apr 2
RealPage sues Berkeley, California, over rental algorithm ban
Berkeley passed a local law against rental algorithms last month. RealPage says the rule is unconstitutional and the result of 'an intentional campaign of misinformation'
by Jim Dalrymple II Apr 2
Agents grow more discontented with their profession, and with NAR
A new survey shows that fewer agents want to recommend their job to others and that, in the wake of NAR's commission lawsuit settlement, more are dissatisfied with the trade group
by Jim Dalrymple II Apr 2
A&D Mortgage closes acquisition of Mr. Cooper's 3rd-party channel
Deal gives the nation's biggest provider of riskier 'non-QM' mortgages additional capacity to offer more traditional loans backed by Fannie Mae and Freddie Mac, FHA, VA and USDA
by Matt Carter Apr 1
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4B
by Matt Carter Apr 1
Agents feel joy, rage, confusion over Clear Cooperation ruling
Some respondents to Inman's Pulse survey seemed furious, while others were pleased, especially at the fact that CCP had been preserved. Still, multiple respondents simply expressed confusion
Motto Mortgage CEO announces upcoming retirement
Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016
by Jim Dalrymple II Mar 31
Compass clients signal legal action against NWMLS
A new website soliciting plaintiffs for a possible class-action suit against the Washington MLS asks homeowners if they've sold in the state and seen 'a price drop or significant days on market'
by Jim Dalrymple II Mar 31
Top 10% of agents control nearly half of all listings as pay gap widens
Top agents are winning a greater share of listings in the wake of NAR's commission settlement last year, with high-performers holding 42.64% of all listings, new data from tech firm Relitix shows
by Jim Dalrymple II Mar 21
Title insurance titan Bill Foley's investment firm is in a proxy fight
Activist investor Dan Gropper claims Cannae Holdings' 'vague and undifferentiated' approach to acquisitions and 'egregious governance practices' have cost shareholders nearly $1B
by Matt Carter Mar 20
Better's losses shrink as AI boosts 2024 loan volume, revenue
CEO Vishal Garg is optimistic about the future after cutting mortgage lender's annual net loss by 61%, to $206M, growing loan production by 19%, to $3.6B, and revenue by 50%, to $108M
by Matt Carter Mar 19
Porch Group bolsters executive team as profits keep rolling in
Property insurance and home warranty provider announces 4 additions to its executive team to keep the momentum going after putting together 2 consecutive profitable quarters
by Matt Carter Mar 14
Inside Real Estate acquires AI marketing startup ListAssist
The deal, which comes on the heels of its purchase of Folio parent company Amitree in 2024, aims to build on Inside Real Estate's consumer search, executives told Inman exclusively on Thursday
by Craig C. Rowe Mar 13
Fathom Realty lifts agent count by 21% — but posts $22M loss in 2024
Fathom CEO Marco Fregenal says revenue growth from My Home Group deal and smaller brokerage walkovers has company on track to achieve positive adjusted earnings in Q2 2025
by Matt Carter Mar 12
Srivatsaa steps down as Real president, opts for Board seat
The industry veteran recognized for his expertise in scaling brokerage operations was named to the position in December 2022. The job shift is slated to become official as of June 1
by Craig C. Rowe Mar 12