Ellie Mae vets form SPAC to acquire mortgage and real estate startups
Southport Acquisition Corp. seeking companies with $50M to $100M in revenues that are valued between $1B and $2B, the company said in an investor prospectus on Friday
by Matt Carter Dec 10
When lenders go wild: Loan officer brawl goes viral
A fight between 2 groups of mortgage professionals believed to be in Atlantic City for the Triple Play Realtor Convention and Trade Expo went viral, sparking criticism of the real estate industry
by Marian McPherson Dec 10
Better CEO Vishal Garg takes leave of absence after viral Zoom layoffs
CFO Kevin Ryan will serve as interim CEO as the mortgage company continues to pursue SPAC merger. Read Vishal Garg's full letter to employees here.
by Matt Carter Dec 10
Inman Top 5: The biggest stories of the week Dec. 3-10, 2021
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
by Dani Vanderboegh Dec 10
A Florida community bank seeks to build nationwide mortgage business
Amerant Bank launched its mortgage joint venture with industry veterans who share a vision of a 'highly efficient, and profitable nationwide mortgage banking business.'
by Matt Carter Dec 10
Digital mortgage lender Beeline completes Series A funding round
Latest funding round brings total raised since 2019 to $22 million
by Matt Carter Dec 9
LA broker sentenced to 10 years for role in pandemic relief scheme
Tamara Dadyan will spend time in prison for her role in a scheme to apply for COVID-19 small business loans under fake or stolen identities
by Daniel Houston Dec 9
Opendoor in 2022: As the king of the iBuyers grows, so does its risk
Opendoor faces an array of challenges from other companies and sectors as it aims to hold its position as the biggest and most successful iBuyer in the world
by Jim Dalrymple II Dec 9
'I blundered': Better CEO apologizes to workers after layoffs go viral
Better CEO Vishal Garg has apologized to the mortgage company's staff, saying he failed to show adequate respect for the 900 former employees who were let go last week
by Daniel Houston Dec 8
Compass is sweeping down the plains with new Ranch Division
The brokerage launched on Tuesday its Ranch and Land Division, which will aid buyers and sellers looking to purchase farms, ranches and land
by Marian McPherson Dec 7
Half of younger Americans would take pay cuts for cheaper locations
A new report from Coldwell Banker indicates the so-called Great Resignation is impacting consumers' attitudes about housing
by Jim Dalrymple II Dec 7
Hometap raises $60M to bankroll growth of its home equity business
The growing business allows homeowners to access their home equity as their property values rise — without taking on more debt
by Daniel Houston Dec 7
Keller Williams names new leaders, leans into 'agent communities'
The appointees will be tasked with supporting segments like KW Commercial and KW Luxury
by Jim Dalrymple II Dec 6
Better CEO under fire after Zoom call layoffs go viral on TikTok
The online mortgage company is facing scrutiny from former employees and on social media, where a video of CEO Vishal Garg firing employees over Zoom drew thousands of reactions
by Daniel Houston Dec 6
The Real Word's top 199 moments
Opinion
The Real Word is about to hit its 200th episode (next week!), and Inman has been there for all of it! Here Byron Lazine and Nicole White revisit their fave highlights from 199 episodes full of commentary on real estate's major news — plus all the fun in between
by Byron Lazine Dec 3
Zillow stock rebounds on news of stock buyback, iBuyer selloff
Zillow's stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers
by Marian McPherson Dec 3