Inman's Top 5 stories of the week Feb. 10-16, 2023
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Feb. 10-16, 2023
by Dani Vanderboegh Feb 17
WeWork hits an earnings milestone in Q4 — but remains deep in the red
The embattled coworking giant posted a 75% quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26M in losses, according to Q4 earnings
by Ben Verde Feb 16
Divvy Homes' employees say there has been another round of layoffs
Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday
by Matt Carter Feb 15
ICE sees $13B Black Knight merger surviving antitrust concerns
Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators' antitrust concerns as critics raise market power, data privacy issues
by Matt Carter Feb 15
Rocket CEO Jay Farner, who led company's 2020 IPO, retiring June 1
Former Rocket Mortgage CEO Bill Emerson will serve as the company's interim CEO and fill the board vacancy while its board of directors conducts a search for a permanent leader
by Matt Carter Feb 14
PLACE hires former Homeward exec Brian Gubernick
Gubernick will serve as PLACE's new chief real estate officer tasked with helping teams and agents grow their businesses
by Jim Dalrymple II Feb 13
EXCLUSIVE: Read Inman's Blueprint 2.0 for Uncertain Times
Real estate's top thought leaders shared their best advice for thriving in a slower market during CEO Connect in New York last month. Here's what they had to say
by Jim Dalrymple II Feb 13
Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
Rising mortgage rates have many lenders looking to sell servicing rights, creating opportunity for Dallas-based company that now collects payments on $870B in loans
by Matt Carter Feb 10
Altisource public stock offering will pay off roughly $20M in debt
Shares in the Hubzu operator touched a new 52-week low Friday as the company released details of a plan to pay off a portion of its nearly $200M debt burden by issuing up to 4.6M shares
by Matt Carter Feb 10
Red Oak Realty taps former KW, Pacific Union leader as president
Nicole Aissa will oversee agent growth and development at Red Oak. She previously worked as an operating principal at Keller Williams
by Jim Dalrymple II Feb 10
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