Mortgage
The deal is expected to close in the second half of this year. It would make Pennymac the second-largest mortgage servicer in the country and one the largest subservicers, the company said
by Taylor Anderson Feb 11
CoStar plans to slash spending on Homes.com through 2030
After investing heavily to create a 4th competing major real estate search portal, CoStar said Wednesday that it would cut spending on Homes.com by 35% this year
by Taylor Anderson Jan 7
Zillow, Compass make final push ahead of hearing decision
Zillow and Compass have laid out their arguments from a four-day injunction. The judge will use these filings to decide the fate of Zillow's private listing policy during an antitrust suit
by Marian McPherson Dec 8
Wall Street watchdog probes Douglas Elliman stock trades
The Financial Industry Regulatory Authority (FINRA) has asked Douglas Elliman who had knowledge of Anywhere's merger offer before talks became public, Reuters reported Wednesday
by Matt Carter Sep 24
LoanDepot shares surge on bullish call by Citron Research
Andrew Left's controversial research firm has a thesis: Trump will win the 'war on housing,' and loanDepot's mortgage servicing business is hugely undervalued
by Matt Carter Sep 5
Redfin unfazed by 2% revenue drop as it finalizes deal with Rocket
Despite a year-over-year decline in Q1, CEO Glenn Kelman voiced confidence in a statement on Tuesday as Redfin continued to finalize its $1.75B all-stock merger with Rocket Companies
by Marian McPherson May 6
Scott Durkin terminated from Elliman days after Lorber's exit
Durkin's departure was announced in an SEC filing and came after reports emerged about the nature of Howard Lorber's recent retirement, which was allegedly pressured by the board
by Lillian Dickerson Oct 28
Citron founder Andrew Left charged with stock manipulation
A longtime thorn in Zillow's side, Left and Citron Capital LLC are accused by DOJ and SEC of profiting by taking positions in companies that were the opposite of what they told investors to do
by Matt Carter Jul 26
Amid losses, WeWork attempts to renegotiate 'nearly all' of its leases
The struggling commercial real estate startup said that its leasing costs remain too high and it will look to exit underperforming locations
by Ben Verde Sep 7
RE/MAX Holdings to lay off 7% of staff by end of September
The layoffs are part of a reorganization plan that will streamline operations and bring cost savings in the long term, the real estate franchisor said in Securities and Exchange Commission filings
by Lillian Dickerson Aug 23
Private mortgage insurers have friends in high places
House lawmakers with differing views on Fannie and Freddie ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68B in risk since 2015
by Matt Carter May 26
News Quiz: Do you know the biggest stories for the week of Feb. 13?
Compass, Realogy and Redfin all posted earnings reports this week. Test your knowledge of the biggest stories — and quarterly wins and losses — to see if you're up to date on the industry
by Inman Feb 18
Compass turns 10: A look at the brokerage's most pivotal moments
On the occasion of Compass' annual REtreat in Atlanta this week, take a look back at the New York City-based brokerage's decade-long evolution as covered by Inman
Historic LA estate once owned by Cher sells for $88M
Last owned by disgraced developer Robert Shapiro, the 10-acre Owlwood Estate was first listed for $180 million in 2017
Airbnb files paperwork to go public
Although the company has provided few details, the announcement at leasts ends months of speculation that Airbnb was on the verge of an IPO
by Jim Dalrymple II Aug 19