The goal is to maximize 2 new partnerships and 4X Better's monthly mortgage originations to $2B. The raise follows bullish endorsement by activist Opendoor investor Eric Jackson
The Financial Industry Regulatory Authority (FINRA) has asked Douglas Elliman who had knowledge of Anywhere's merger offer before talks became public, Reuters reported Wednesday
While everyone was talking about Compass-Anywhere this week, the fast-growing and tech-forward Real Brokerage passed 30K agents
CEO Marco Fregenal says company will use proceeds to 'invest in sales and marketing initiatives, pursue strategic opportunities that enhance our platform and support ongoing operations'
In acquiring its rival, Compass would absorb a smattering of business models and a load of debt. But it might gain what its CEO has long sought, observers say: more sway over industry affairs
The FTC and Department of Justice are expected to scrutinize the impacts of the deal — which would give the merged companies a combined market share of 18 percent
Some agents were shocked, but those working inside Compass generally agreed that the deal gives the combined firms increased bargaining power
EMJ Capital's founder posted thesis on X that Better Home & Finance is 'the Shopify of mortgages' with the potential for AI to boost capacity and fuel explosive growth over the next 2 years.
Compass has long had a contentious relationship with the National Association of Realtors. Real estate veterans speculated Monday that NAR could thus suffer as Compass grows
The upstart Compass had already grown to the top residential brokerage by sales volume. Now, it's moving to acquire its chief rival
At $2 per share, the latest offering of 3M shares is priced nearly 3 times higher than a March raise, when the North Carolina-based real estate brokerage was flirting with delisting
The CEO appointed to turn around the National Association of Realtors attended Blueprint Las Vegas, where she reiterated the value Realtors offer consumers
As competition for talent remains intense, major teams this week moved to Compass, eXp Realty and the Real Brokerage
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
'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
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