Gino Blefari out as HomeServices CEO, Chris Kelly promoted
Blefari has helmed HomeServices of America for more than 5 years. Kelly had been serving as an executive vice president before being promoted
by Jim Dalrymple II Apr 15
Cofano-led Collabra Technology sells to Adx
The deal will see industry vet Russ Cofano exit the company. Current COO Margo Fraker will take over as chief executive of the company's B2B efforts
by Jim Dalrymple II Apr 14
Shares in Better get a boost from $534M debt restructuring
Investors bid up mortgage lender's price per share by 21% after company says deal with investor SB Northstar LP will improve its balance sheet and better position it for a return to profitability
by Matt Carter Apr 14
Maverix Advisory Group names Baur founding board member
York Baur is recognized as a notable industry figure for his time at MoxiWorks, which grew to support more than 800 brokerages under his leadership
by Craig C. Rowe Apr 14
Stephen Bough, commission lawsuit judge, refuses to step aside
Bough suggested demands that he step aside in the Gibson commission case were not raised over ethical issues. The demands focused on political donations to Bough's wife
by Jim Dalrymple II Apr 10
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