Real estate and mortgage services provider has racked up $363M in cumulative losses and ended Q1 with $30.8M of cash and cash equivalents following debt restructuring
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
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business