Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday
The company brought in $483M in revenue and suffered a loss of $53M — an improvement over the Q3 2021 losses of $329M, according to quarterly earnings results Wednesday
Hallmark is positioned to become one of the top 100 mortgage lenders with expansion into Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry
Many of the industry's big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market
Latest funding round, led by Fifth Wall with participation by Fidelity National Financial, RWT Horizons and 1Sharpe Ventures, brings total funding to date to $13.5M
M. Ryan Gorman said the current downturn is an opportunity for his company, while noting that some competitors 'may not have a plan for good times let alone a plan for bad times'
Kalani Reelitz joins the brokerage at a time of significant transition, and as it tries to achieve positive cash flow next year
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Oct. 21-27, 2022
Opinion
This week: Expect more mergers and acquisitions, Gary Keller's advice for the current market and Left, Middle, Right
Approximately 5% of Zillow's workforce has been let go as the company shifts its focus towards technology, according to a new report published Wednesday
Social media users claim short-term rental bookings are collapsing. But the data tells another story. Inman reached out to Airbnb and to some experts who follow the short-term rental space
The expansion comes as 85% of homeowners with a mortgage have a rate far below the current 7% yet high equity in their home. Splitero said expansion plans will continue in other states in 2023