Hubzu operator Altisource to issue more stock to pay down debt
The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5M in a February offering that it used to pay down debt
by Matt Carter Sep 7
Altisource sees rise in foreclosures as a path to profitability
Operator of real estate auction platform Hubzu reports a $53.4M 2022 net loss, with revenue falling 15% to $144.5M as foreclosures remain below pre-pandemic levels
by Matt Carter Mar 30
Altisource public stock offering will pay off roughly $20M in debt
Shares in the Hubzu operator touched a new 52-week low Friday as the company released details of a plan to pay off a portion of its nearly $200M debt burden by issuing up to 4.6M shares
by Matt Carter Feb 10
Hubzu operator Altisource raising money in public stock offering
Debt-burdened company notified regulators in December of plans to raise up to $100M through public stock offering on way to posting $53M 2022 net loss
by Matt Carter Feb 9
Mr. Cooper lays off originators while mortgage servicing business booms
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
by Matt Carter May 3
Foreclosures drive 53% listings growth on auction site Hubzu
Site operator Altisource posts its first quarter of sequential revenue growth in nearly 3 years, according to a quarterly earnings call Thursday
by Matt Carter Apr 29
Altisource to shutter Owners.com
During the first 2 quarters of the year, Owners.com generated $3.8M in revenue and reported an $8.1M loss before income taxes
by Patrick Kearns Oct 8
Hubzu partners with RentRange to display rental income estimates
Investors can use the information to craft an appropriate bid
by Marian McPherson Oct 10
New features at Hubzu ease distressed-home buying process
The addition of pre-auction listings and FHA rehab financing opens new doors for users, the company says
by Caroline Feeney Aug 11
Owners.com and Hubzu operator Altisource bolsters online real estate offerings with acquisition of RentRange and Investability
Altisource bought rental data and rental search startups for up to $24.8 million
by Teke Wiggin Oct 13
Owners.com relaunches as national discount brokerage and listing portal
Revamped by Altisource, Owners.com unbundles 'what was traditionally a bundled offering'
by Teke Wiggin Jun 25
Next-gen real estate platforms affirm agents' value
Xome, Auction.com, Opendoor and Hubzu all value the role of real estate agents
by Teke Wiggin Jun 10
No proof of funds? No problem, says property auction site
Hubzu has just made snapping up properties via an online platform a little bit easier for average consumers
by Teke Wiggin May 18
hubzu
'Residential Investor One' members get discounts on renovation and maintenance services
by Teke Wiggin Apr 13
Owners.com snapped up by online auction platform operator
For-sale-by-owner firm acquired for up to $27M by Altisource
by Teke Wiggin Dec 1