Compass rolls out second-home-focused network for agents
Compass Resort aims to provide referrals, collaboration and other resources to agents who work with clients focused on vacation properties and secondary homes
by Jim Dalrymple II Nov 12
Amerant Bank exits Texas but still providing mortgages nationwide
Coral Gables, Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states
by Matt Carter Nov 12
Fathom Holdings' revenue drops 10% as market challenges linger
The company's Q3 revenue clocked in at $83.7M while net losses rose to $8.1M as Fathom faced an uncertain market and dealt with expenses related to a $3M NAR settlement contingency
Opendoor lays off 300 workers after posting $78M Q3 loss
The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14% from Q2 and 26% from a year ago
by Matt Carter Nov 7
Real estate tycoon sentenced to death in Vietnam appeals sentence
Accused of embezzling as much as $27B alongside her husband and other accomplices, Truong My Lan told the court on Monday that her sentence is ‘too expensive to pay’ and 'too severe'
by Taylor Anderson Nov 6
EXp punches back over criticism of 'sweetheart' commission deal
The virtual brokerage argued Tuesday that its settlement wasn't too small, and asked a court to reject attempts to force it back to the negotiating table
by Jim Dalrymple II Nov 5
LoanDepot is back in the black for the first time since Q4 2021
Beleaguered lender ekes out $2.67M Q3 profit on $315M in revenue, with loan originations up 9% from a year ago as mortgage refinancing bounces back on retreating rates
by Matt Carter Nov 5
Former California indie brokerage Lyon rebrands to Windermere
The Sacramento-based company will operate using the name 'Windermere Signature Properties' nearly 4 years after its acquisition. The firm boasts more than 700 agents, as well as 14 offices
by Jim Dalrymple II Nov 5
Realtor.com CEO pleads with US leaders to save homeownership
Realtor.com CEO Damian Eales wrote an open-letter urging local, state and federal legislators who win today's elections to tackle housing affordability with 'pragmatic' solutions
by Marian McPherson Nov 5
Offerpad dialed back its iBuyer acquisitions by 49% in Q3
Having slashed operating expenses by 40% from a year ago, the iBuyer has its sights set on eventually boosting home purchases to 1K per quarter on lower cost structure
by Matt Carter Nov 4
Fathom Realty adds 2,200 agents with My Home Group acquisition
Scottsdale, Arizona-based brokerage will continue to operate under the My Home Group brand, with co-founders Jereme Kleven and Mark Hutchins staying on to oversee daily operations
by Matt Carter Nov 4
Falling rates help boost Fannie and Freddie loan volumes, net worths
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164B in purchase mortgages in Q3, up 10% from Q2, while remaining profitable and growing their combined net worths to $147B
by Matt Carter Nov 1
Josh and Heather Altman leaving 'Million Dollar Listing Los Angeles'
Power couple calling it quits after 13 years and 11 seasons on the hit reality real estate show. 'We were babies when we started the show,' Josh Altman told 'People'
Judge grants final approval to 9 commission lawsuit settlements
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110M to resolve litigation
by Jim Dalrymple II Oct 31
Inman expands coverage of built world with Blueprint acquisition
Inman plans to invest further into Blueprint to continue its growth in advance of the next Blueprint Vegas, Sept. 16-18, 2025
by Inman Oct 29
'Not done': Antitrust litigation in real estate is just warming up
In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk
by Andrea V. Brambila Oct 29