After cutting Q3 losses, loanDepot has sights set on breaking even
The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400M in annual expenses by the end of the year
by Matt Carter Nov 9
Finance of America refugees land at Hallmark Home Mortgage
Hallmark is positioned to become one of the top 100 mortgage lenders with expansion into Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas
by Matt Carter Nov 2
LoanDepot launches joint venture with National HomeCorp
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
by Matt Carter Nov 2
Coming soon to a Walmart near you: Mortgages, FHA loans and more
Lenders One Cooperative opens the alliance's first mortgage branch in a New Jersey Walmart, with more openings slated for Florida, California, Ohio, South Carolina and Texas
by Matt Carter Oct 11
RE/MAX's Motto Mortgage named a top 'recession-proof' opportunity
As lenders pivot to serve homebuyers, RE/MAX franchisor's 'mortgage brokerage-in-a-box' also makes separate list of top franchise opportunities for Black entrepreneurs
by Matt Carter Sep 29
Homebuyers in these US cities are backing out of deals at a higher rate
Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest
by Ben Verde Sep 26
Redfin launches in Hilton Head, South Carolina
In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95% of the US population
by Lillian Dickerson Sep 22
Amrock aims to offer smartphone closings everywhere they're allowed
The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may soon be coming to a close
by Matt Carter Sep 19
The 10 most stable housing markets in the United States, ranked
The US housing market and economy at large have endured a blizzard of rising home prices and climbing mortgage rates. But take shelter from the storm with these financially sound markets
by Lillian Dickerson Jul 19
New search engine helps buyers span digital divide in rural areas
Broadband service remains a challenge for large swaths of America. Rural internet service is a key part of the Biden administration's $1.2T infrastructure bill, in which it was allotted $65B
by Craig C. Rowe Jul 18
Side expands into 6 new states amid market shift, bringing total to 16
Despite recent layoffs, the real estate tech startup has struck up a slew of new partnerships including one with a high-profile duo that just left Douglas Elliman
by Jim Dalrymple II Jul 14
RE/MAX's Motto Mortgage now has 200 offices in 39 states
With a new office in Alaska and an expanded presence in South Carolina, Motto Franchising has announced 7 new franchisees in 6 states so far this year
by Matt Carter Jul 12
UpEquity latest Power Buyer to join zavvie's solutions marketplace
Austin, Texas-based mortgage platform has more avenues to partner with real estate brokerages as it looks to expand its footprint to 23 states by the end of the year
by Matt Carter Jul 11
Atlantic City is the most affordable beach town in the U.S. in 2022
There's a misconception that homes in beach towns are unattainable for many Americans because of their higher prices. Realtor.com provides a list of affordable beach towns to explore
by Lillian Dickerson May 23
After losing his mom in shooting, Chris Singleton stresses empathy
The motivational speaker told an audience of agents that his personal experience of loss — his mother was killed in the 2015 Charleston church shooting — shaped his views on empathy and understanding
by Daniel Houston Oct 28