Zillow and Opendoor expand partnership to 11 new markets
The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt, according to an announcement Thursday
by Jim Dalrymple II Jun 1
$3B in volume: World-record holder Ben Caballero sets new one
The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record
by Jim Dalrymple II Apr 27
Clarence Thomas failed to report property deal with Texas developer
Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the US Supreme Court Justice, reportedly bought 3 properties from Thomas, including his mom's home
by Daniel Houston Apr 14
As iBuyers struggle, agents rethink relationships with cash-offer kings
IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation's biggest housing markets. Now, real estate agents say their role has diminished dramatically
by Ben Verde Apr 12
Redfin Premier expands nationally to more than 100 new markets
Redfin Premier, which matches luxury homebuyers and sellers with a Redfin Premier agent and marketing tools specific to the luxury brand, is launching in every market the brokerage operates
by Lillian Dickerson Mar 16
US dominates the globe with most ultra-high-net-worth homeowners
The US notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30M. New York City clinched the top spot on a list compiled by REALM and WealthX
Mr. Cooper names second chief financial officer in less than a year
Mortgage veteran Kurt Johnson, who held executive roles at Indymac Bank and OneWest Bank before joining Mr. Cooper in 2015, succeeds Jaime Gow as CFO, it was announced this week
by Matt Carter Mar 7
Redfin opens up Redfin Premier luxury services to homebuyers
Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings
by Lillian Dickerson Feb 17
Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
Rising mortgage rates have many lenders looking to sell servicing rights, creating opportunity for Dallas-based company that now collects payments on $870B in loans
by Matt Carter Feb 10
Former Ebby Halliday executive Mary Frances Burleson dies at 87
The former president and CEO died of natural causes on Nov. 27, according to a company announcement. The company will continue to support Burleson's philanthropic efforts
by Marian McPherson Nov 28
Lone Wolf launches Leads+, lands deal with The Keyes Company
The seller-centric addition to Lone Wolf's broad suite of business software intends to unearth and secure listing leads for its users, coming at a time when they need it most
by Craig C. Rowe Nov 11
Boutique transportation services now part of Pacaso owner amenities
Pacaso owners now have elevated access to Alto, a luxury rideshare company, and Surf Air, a membership-based regional airline, to help owners get to, from and around their homes
by Craig C. Rowe Nov 9
Opendoor lost nearly $1B in Q3 in 'once-in-40-years market transition'
In total, Opendoor suffered a net loss of $928M between July and September, according to an earnings report Thursday. That's up from a loss of just $57M during the third quarter of 2021
by Jim Dalrymple II Nov 3
Hints of more layoffs loom at Mr. Cooper as profits wane in Q3
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio
by Matt Carter Oct 28
Mortgage rates hit new 2022 high in bond market selloff
Investors fear ongoing moves by the Fed and other central banks to raise short-term interest rates to fight inflation could ultimately lead to a recession
by Matt Carter Sep 23