NAR CEO Nykia Wright: 'We're trying to outrun irrelevance'
The CEO appointed to turn around the National Association of Realtors attended Blueprint Las Vegas, where she reiterated the value Realtors offer consumers
by Craig C. Rowe Sep 18
A bunch of big real estate teams are making big moves
As competition for talent remains intense, major teams this week moved to Compass, eXp Realty and the Real Brokerage
by Jim Dalrymple II Sep 17
Pacaso plans to launch 'bespoke' co-ownership mortgage in Q4
A new $100M credit facility with Texas Capital Bank will enable vacation home loans to be originated by a 3rd party, then securitized and sold to investors in non-qualified mortgages
by Matt Carter Sep 16
Financial graph superimposed over a photo of a city skyline
'Insights by Blueprint' will publish weekly reports breaking down industry changes as they come and translate what it all means for owners, operators and asset managers
by Lillian Dickerson Sep 16
HELOC disruptor Figure boasts $7B market cap after successful IPO
The blockchain-powered home equity lender says it has not only revolutionized the process of originating mortgages, but financing them by making it easy for investors to trade them
by Matt Carter Sep 12
Opendoor CEO Kaz Nejatian with a stylized image of chess pieces and a rising stock graph
Investors who kept the faith even as the iBuyer's stock price was plummeting earlier this summer are being rewarded now with a surge following the announcement of Kaz Nejatian as the new CEO
by Lillian Dickerson Sep 11
Pennymac takes a stake in Vesta, launches non-QM mortgages
A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
by Matt Carter Sep 8
LoanDepot shares surge on bullish call by Citron Research
Andrew Left's controversial research firm has a thesis: Trump will win the 'war on housing,' and loanDepot's mortgage servicing business is hugely undervalued
by Matt Carter Sep 5
'Divine' timing brings $80M Texas broker to eXp Realty
Lubbock-based broker Amy Tapp will transform her 45-person indie brokerage into a team. Tapp joined eXp after attending a brokerage leadership event, which she called a 'divine appointment'
by Marian McPherson Sep 4
RE/MAX affiliate purchases Compass' North Shore offices in Chicago
RE/MAX affiliate, RE/MAX Premier, has purchased Compass's former North Shore offices, as the NYC-based brokerage consolidates locations after buying @properties Christie's International Real Estate. The agents in those offices are still with Compass
by Marian McPherson Sep 3
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Rocket hopes the $9.4B deal will help it capture 20% of all mortgage refinancing and wrest back its title as the nation's biggest mortgage lender from rival United Wholesale Mortgage
by Matt Carter Sep 3
Rocket, Mr. Cooper merger OK'd by Fannie and Freddie regulator
A green light from the Federal Housing Finance Agency and antitrust regulators sets the stage for a Sept. 3 vote by Mr. Cooper shareholders on $9.4B mega merger
by Matt Carter Aug 27
With fresh capital, Knock ups the limit on its bridge loans to $1M
Institutional investors snapped up a securitization of Knock bridge loans, paving the way for the company to 'significantly scale' lending operations by nearly $1B over the next 2 years
by Matt Carter Aug 26
Evergreen Home Loans hiring to serve 29 additional states
After setting up shop in 11 new states, lender's 'strategic expansion into carefully identified markets' will include 18 additional states before next year's spring homebuying season
by Matt Carter Aug 25
Magnifying glass representing the investigation by law firm Hagens Berman into real estate industry practices that were allegedly deceptive and caused homesellers to overpay
Law firm Hagens Berman urges individuals who have sold a home since 2021 to contact the firm as it launches a new investigation into 'allegedly deceptive practices' by the real estate industry
by Lillian Dickerson Aug 21
Motto Mortgage office (contributed photo).
Former PHH Mortgage executive Vic Lombardo was most recently COO of Guaranteed Rate Affinity, a joint venture between nonbank lender Guaranteed Rate and Anywhere Real Estate
by Matt Carter Aug 19