LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability
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
by Matt Carter Jul 12
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Flueid gears up to support purchase and home equity loans
Title and escrow software-as-a-service provider's tech platform, Flueid Decision, can now detect solar panels and liens
by Matt Carter May 19
Digital title insurer Doma laying off 310 employees as refis plummet
Executives say layoffs will save the company about $30M a year and help it bring its technology to bear on purchase mortgages
by Matt Carter May 11
In record year for title insurers, 'big four' maintain market share
Title insurance premiums surged 36% in 2021 to a record $26.2B as low mortgage rates spurred refinancings, according to an analysis by the American Land Title Association
by Matt Carter May 10
Title rep surrenders license over alleged real estate agent perks
The former employer of the California marketing representative, First American Title, agreed to pay $1.185M in fines and costs to settle inducement allegations
by Matt Carter Dec 29
The biggest mortgage, lending and housing finance stories of 2021
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry
by Matt Carter Dec 29
Stewart shifts eye for acquisitions back to title insurance
After growing ancillary services through acquisitions, nation's fourth-biggest title insurer looking to plug geographic holes
by Matt Carter Dec 17
2021 shaping up to be a banner year for title insurance industry
The smallest of the big four title insurers, Stewart and Old Republic, posted the strongest third-quarter growth
by Matt Carter Dec 13
New WFG tool offers insights on mortgage loans in the pipeline
MyHome Funder Dashboard smooths the process of balancing files for disbursement
by Matt Carter Oct 18
Zyyah is a home inventory management app with a clever upsell
This iPhone app also analyzes your insurance policy to look for coverage gaps based on your inventory lists, and then offers additional coverage plans
by Craig C. Rowe Oct 15
Realogy sells most of its interest in Title Resources Guaranty
Realogy will maintain its ownership of Realogy Title Group, which last year provided title, settlement and escrow services for 214K transactions in 43 states under 45 brand names
by Matt Carter Oct 7
Compass acquiring third title company in less than a month
The fast-growing brokerage will pick up CommonGround Abstract, which serves Pennsylvania and New Jersey. The deal highlights Compass' aggressive acquisition strategy
by Jim Dalrymple II Sep 28
Compass dives further into title insurance with latest acquisition
The deal to acquire LegacyTexas Title Co. follows acquisitions of 2 other title companies and will ultimately make Compass's title services available in 6 states and Washington, DC
by Jim Dalrymple II Sep 14
Rising home sales, prices help title insurers post record profits
Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums driven by rising home sales and prices
by Matt Carter Sep 13