Offerpad launches transaction oversight portal for agent partners
Powered by Offerpad enables the iBuyers's PRO and MAX agent partners to manage listings, get real-time transaction updates and directly communicate with Offerpad support staff
by Marian McPherson Aug 8
LoanDepot boosts revenue, sells servicing to restructure debt
Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
by Matt Carter Aug 6
Perchwell's $25M Series B revs up idling VC market
Lux Capital, its Series A round leader, also led this round and was joined by REColorado MLS, Starwood Capital Group, Flex Capital, Stellar MLS and Venture MLS
by Craig C. Rowe Aug 6
Offerpad trims Q2 loss, but sales and revenue continue to slide
Shares in Offerpad hit new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in Q3
by Matt Carter Aug 5
Victims awarded $12M in flipper scheme repped by HGTV stars
The Federal Trade Commission (FTC) is distributing $12M in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC and promoted by a lineup of celebrities
by Richelle Hammiel Aug 2
RFK Jr. at ICLV: Homeownership is the engine of the middle class
The Kennedy family heir and presidential contender also argued Thursday at Inman Connect Las Vegas that democracy depends on people maintaining 'a posture of fierce skepticism'
Consumer watchdog holds up new eXp seller contract as model
A new draft seller contract that eXp Realty is distributing to its brokers and agents is largely consistent with a newly issued set of criteria from the Consumer Federation of America
by Daniel Houston Jul 31
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
Cornerstone staffs up to grow servicing, builder partnerships
7 executive hires in 2024 included Dana Abernathy, who will expand the company's mortgage servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships
by Matt Carter Jul 24
Industry mourns DocMagic founder and CEO Dominic Iannitti, 60
CFO Pat Theodora taking over as CEO after Iannitti, a pioneer of numerous paperless processes including eVault and eSign capabilities, died unexpectedly of complications from pneumonia
by Matt Carter Jul 23
CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M
CoStar Group's revenue grew 12% YOY to $678M, according to Q2 earnings Tuesday. Traffic for the Homes.com Network of sites increased 73% YOY to 148M monthly average unique visitors
by Marian McPherson Jul 23
EXp promotes Troy Palmquist to VP of growth and product marketing
Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp's director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023
by Marian McPherson Jul 19
Aven lands $142M in funding to take HELOC credit card nationwide
Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with funding round led by Khosla Ventures
by Matt Carter Jul 17
MoxiWorks laying off employees 1 month after replacing CEO
Real estate marketing and technology company used by more than 400,000 agents nationwide hired AI startup executive Eric Elfman in June to replace founder York Baur as CEO
by Matt Carter Jul 11
NAR membership dips as Realtors report closing fewer deals in 2023
NAR's 2024 Membership profile shows the impacts of a difficult market on real estate professionals — many of whom are contending with issues related to affordability and inventory
by Jim Dalrymple II Jul 10
Final Offer buys North American operations of Openn Negotiation
The acquisition will allow Final Offer, a platform for managing and negotiating offers, to provide a 'transparent and straightforward experience when buying and selling a home,' executives said
by Jim Dalrymple II Jul 10