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
Agents aren't as spooked by tariffs — but clients are in the crosshairs
Real estate agents' clients were more directly affected by tariff policy in July than in previous months as costs began to stack up for US importers
by Daniel Houston Aug 18
If Fannie and Freddie go public, what happens to mortgage rates?
Impact on rates depends on the structure of rumored IPO. Whatever the plan, the Trump administration has stacked the boards at the mortgage giants with its supporters
by Matt Carter Aug 8
Back as CEO, loanDepot founder has his work cut out for him
Anthony Hsieh brings back technology executives Dominick Marchetti and Sean DeJulia after loanDepot, which hasn’t turned a full-year profit since 2021, posts $25 million Q2 loss
by Matt Carter Aug 7
'Meme stock' surge lifts Opendoor out of delisting danger zone
While shares in rival iBuyer Offerpad also went on a rollercoaster ride in July, the company's market capitalization remains below the New York Stock Exchange's $50M minimum requirement
by Matt Carter Aug 1
Rocket seeing 'awesome early data' from Redfin acquisition
CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to 'cross pollination' of leads, agent referrals and mortgage applications
by Matt Carter Jul 31
Zillow CEO Jeremy Wacksman CoStar CEO Andy Florance
Costar, parent company of Homes.com, says Zillow is displaying thousands of images that are CoStar property — an act described in the complaint as 'willful, mass infringement'
RE/MAX stays profitable as US agent count, revenue decline
The franchisor's total agent count grew 2.5% from a year ago, to 147,073. But a growing proportion of those agents work outside of RE/MAX's main markets, the US and Canada
by Matt Carter Jul 29
RealPage acquires Rexera to serve condo lenders and title agents
A 2024 Inman AI Award winner, Rexera's AI agents automate workflows on condo sales by obtaining HOA documents and public records, extracting data and flagging potential issues
by Matt Carter Jul 29
justice statue superimposed over courthouse columns
The Alliance is seeking 6 figures in damages from Ryan Weyandt, who resigned as CEO last year. Weyandt is also facing felony charges for alleged possession of explicit content of minors
by Marian McPherson Jul 28