Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Divvy Homes letting 95 employees go, including senior managers
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
by Matt Carter Sep 11
Divvy stays mum as employees report a new round of layoffs
At least 7 former employees posted on LinkedIn Thursday to say they had been laid off from the rent-to-own company
by Ben Verde Sep 8
Lawyer's letter offers glimpse into NAR's internal harassment probe
A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of 'creepy' and 'disrespectful' behavior long before the Brevard lawsuit
by Jim Dalrymple II Sep 8
Hubzu operator Altisource to issue more stock to pay down debt
The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5M in a February offering that it used to pay down debt
by Matt Carter Sep 7
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co.
by Matt Carter Sep 5
Insurers 'dodged a bullet' as Hurricane Idalia slams rural areas
Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance allowing loan servicers to suspend collection of mortgage payments for up to 12 months
by Matt Carter Sep 1
Black Knight ready to spin off Empower, Optimal Blue businesses
To win approval from regulators to merge with Intercontinental Exchange (ICE), Black Knight plans to sell 2 businesses to subsidiaries of software giant Constellation Software next month
by Matt Carter Aug 30
John Davis files a racketeering lawsuit against Keller Williams
Three months after a Texas judge sent former Keller Williams CEO John Davis' $300M fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims
by Marian McPherson Aug 30
Cover up, circle the wagons, pounce on critics: NAR's MO
Opinion
The arcane volunteer structure at the National Association of Realtors prevents proactive decision-making and erodes individual accountability, Brad Inman writes
by Brad Inman Aug 30
Guild Mortgage eyes the Midwest with First Centennial acquisition
The acquisition of the Aurora, Illinois-based, family-owned lender marks San Diego-based Guild Mortgage's fourth expansion since December, according to an announcement on Monday
by Matt Carter Aug 30
Tracy Kasper emerges as president of fractured NAR amid mild dissent
One day into Tracy Kasper's term as president of the National Association of Realtors, some agents have raised doubts about her ability to set the 115-year-old organization on the right path
by Marian McPherson Aug 30
Nearly half of Better's mortgage business now comes from partners
Better's market share has shrunk by more than 70% in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42% of business
by Matt Carter Aug 29
NAR President Kenny Parcell resigns after NYT exposé
Two days after The New York Times' investigative report about alleged rampant sexual misconduct at National Association of Realtors, President Kenny Parcell has resigned
by Marian McPherson Aug 28
Compass picks up 2 top agents in Chicago from @properties
Anne Hodge and Debra Dobbs are joining Compass in the Windy City. The agents together bring more than 60 years of experience in Chicago real estate, according to the company
by Ben Verde Aug 25
Better shares plunge more than 90% in Nasdaq debut
In addition to going public at a bad time for mortgage lenders, Barron's reports that SPAC merger resulted in a huge increase in the number of shares outstanding
by Matt Carter Aug 24