US home lending giant Rocket Mortgage bidding Canada adieu
Canadian mortgage strategist blames the country's securitization market, which allows the country's 6 biggest banks to sell mortgages to investors but is closed to smaller lenders
by Matt Carter Mar 7
Hsieh returns to LoanDepot as Frank Martell steps down as CEO
Martell will transition into a board advisory role by June, and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday
American Real Estate Association floats Clear Cooperation solution
The trade group wants to replace the polarizing National Association of Realtors rule with what it's calling a 'Clear Collaboration Policy,' which it says would be more flexible than the status quo
by Jim Dalrymple II Mar 7
Jason Haber: Our industry deserves better and fewer real estate agents
The co-founder of the American Real Estate Association, a competitor to NAR, told Inman his upstart trade organization has held 2 recent events and started talks with potential sponsors
by Jim Dalrymple II Mar 7
Focus on homebuyers helps Guild swing to $97M 2024 profit
$24B in 2024 mortgage production represents Guild's biggest year since the pandemic-fueled refinancing boom, helping the San Diego-based lender bounce back from $39M 2023 loss
by Matt Carter Mar 6
As JVs struggle, Rate names top salesman to head retail mortgage
Guaranteed Rate Inc.'s retail mortgage operations named Shant Banosian as president on Wednesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits
by Matt Carter Mar 5
New Door Group, Ceretto Group move to Coldwell from Compass
Two Denver-based real estate teams The New Door Group and The Ceretto Group, are making a strategic move from Compass to Coldwell Banker, the brokerage announced Tuesday
by Richelle Hammiel Mar 5
UHM adds $1B in lending capacity with NRL Mortgage acquisition
Houston-based Nations Reliable Lending, which does business as NRL Mortgage, sponsors 44 mortgage loan originators working out of 27 branch locations in 10 states
by Matt Carter Mar 4
Trump orders boost in US timber production, foreign lumber probe
President Donald Trump on Saturday signed an order aimed at increasing US timber production and launched an investigation into the risks that foreign lumber imports pose to national security
by Richelle Hammiel Mar 3
Keller Williams takes on major investment from CoreLogic owner
CoreLogic parent Stone Point Capital is investing in Keller Williams as part of what the firms described as a plan to accelerate growth and fuel innovation, Inman has learned exclusively
by Jim Dalrymple II Mar 3
Rocket's $649M Q4 profit puts the company in the black for 2024
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29%, to $101.2B. Higher profit margins on those loans helped boost net revenue by 34%, to $5.1B
by Matt Carter Feb 28
Mat Ishbia
In a year when home sales hit a 3-decade low, the nation's biggest mortgage lender racked up a $329M profit and made $96.1B in loans to homebuyers -- the company's best year ever
by Matt Carter Feb 26
Pacaso, The Agency partner on co-ownership sales
The 2 companies will also expand listing availability in number of luxury markets, such as La Jolla, Miami, Vail, London and Napa, among other domestic and international destinations
by Craig C. Rowe Feb 25
Offerpad losses mount as iBuyer acquires and sells fewer homes
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%
by Matt Carter Feb 24
Former Anywhere owner Apollo buys Utah investment company
Apollo Global Management is buying Bridge Investment Group. Apollo is best-known in the residential real estate world for buying Anywhere, back when it was known as Realogy
by Jim Dalrymple II Feb 24
Kevin Van Eck now principal at startup advisory Maverix
'His ability to identify and implement technology fills an immediate need in proptech right now': Maverix founder Jeff Kennedy on Kevin Van Eck
by Craig C. Rowe Feb 24