Inman's Top 5 stories for the week of Feb. 3-9 , 2023
Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Feb. 3-9, 2023
by Dani Vanderboegh Feb 10
Should you buy down your mortgage? The Real Word
Opinion
This week, Byron Lazine and Nicole White are talking about buying down mortgages, investing in your real estate business and keeping up with current events
by Byron Lazine Feb 10
Hubzu operator Altisource raising money in public stock offering
Debt-burdened company notified regulators in December of plans to raise up to $100M through public stock offering on way to posting $53M 2022 net loss
by Matt Carter Feb 9
LoanDepot founder Anthony Hsieh ousted as executive chairman
Founder and former CEO in public spat with board after nominating real estate veteran Steve Ozonian to serve on the floundering mortgage lender's board of directors
by Matt Carter Feb 8
OJO nets $200M via sale of Canadian operations, new debt raise
The company is selling its Canadian operations to Royal Bank of Canada, while also raising new funds from Vista Credit Partners
by Jim Dalrymple II Feb 8
Builders are pulling their hair out. Why do investors still love them?
To get a clearer picture of where things stand for builders — and where they're headed for investors — Inman compiled financial results from the largest publicly traded homebuilders
by Daniel Houston Feb 8
Floor plan startup CubiCasa inks partnership with growing Utah MLS
UtahRealEstate.com is the latest multiple listing service to partner with CubiCasa on free floor plans and discounts on property analytics and the startup's database of real estate photographers
by Ben Verde Feb 8
Amerant Mortgage launches Midwest hub in St. Louis, Missouri
Florida's largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions
by Matt Carter Feb 3
Inman's Top 5 stories for the week of Jan. 27 - Feb. 2 , 2023
Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 27 - Feb. 2 , 2023
by Dani Vanderboegh Feb 3
Essent scooping up Finance of America's title businesses for $100M
Struggling lender's pivot to reverse mortgages creates an opportunity for big private mortgage insurer to acquire Agents National Title and Boston National Title
by Matt Carter Feb 2
Offerpad cutting more jobs in conjunction with $90M raise
Struggling iBuyer confirms the company has laid off an unspecified number of employees in a second round of layoffs, with more details coming on Feb. 22 Q4 earnings call
by Matt Carter Feb 2
Purplebricks is a 'cautionary tale' for all tech disruptors: DelPrete
Opinion
UK-based Purplebricks remains one of the best examples in the world of a real estate disruptor going from zero to one, according to Mike DelPrete. Here's what we can learn from its journey
by Mike DelPrete Feb 2
Does the commission lawsuit spell the end for NAR? The Real Word
Opinion
This week, Byron Lazine and Nicole White are talking about year-end home sales numbers, Jason Oppenheim's commission lawsuit comments, and the weekly media review Left, Middle, Right
by Byron Lazine Feb 2
Compass names Wendy Forsythe president of 3 western states
'California, Nevada and Hawaii represent our largest market, and we are thrilled to have Wendy onboard to lead our teams and agent entrepreneurs in this key market,' CEO Robert Reffkin said
by Ben Verde Feb 1
Home showings dip in December, but slowdown may be easing
Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels
by Jim Dalrymple II Feb 1
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1