Elephant in the room: What execs revealed about commissions in Q4
In the wake of legal settlements in 2 of the largest commission lawsuits, RE/MAX and Anywhere illuminated their paths forward to investors in Q4 earnings calls. Intel reads the tea leaves
by Daniel Houston Mar 6
Argyle sees path to profitability with $30M Series C raise
Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund
by Matt Carter Mar 5
Compass, eXp notch more big recruiting wins
Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks
by Jim Dalrymple II Mar 1
Opendoor's partnership with eXp officially goes live
The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents
by Jim Dalrymple II Feb 29
Offerpad narrows Q4 loss, expects to be back in black later this year
The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245M to $285M in revenue and achieve positive adjusted EBITDA earnings later this year
by Matt Carter Feb 26
Institutional investors are scooping up Kiavi's 'fix and flip' bridge loans
Kiavi upsizes its 16th securitization to $350M and says oversubscribed offering is company's biggest since November 2021, bringing total issuance since 2019 to $4B
by Matt Carter Feb 26
'The Mortgage Professor' Jack Guttentag dies peacefully at 100
Guttentag 'remained sharp to the end' and continued researching and writing about mortgages until passing away on Feb. 6, his friend and colleague Allan Redstone tells the Wharton School
by Matt Carter Feb 23
Zonda beefs up portal presence with NewHomeSource acquisition
The homebuilding data provider acquired the company behind NewHomeSource.com and the home-design platform Envision
by Daniel Houston Feb 21
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
NAR hits back following 'external commentary' critical of the group
NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the US Department of Justice wants big changes in real estate
by Jim Dalrymple II Feb 16
Guild Mortgage set to acquire, rebrand Academy Mortgage
Upward of 1,000 Academy Mortgage employees will make the transition to Guild, including more than 600 originators, Guild said in announcing the 6th acquisition in 3 years
by Matt Carter Feb 13
Top Bay Area team boomerangs back to Compass from Side
Mollie Poe and Declan Hickey were founding members of Compass San Francisco before leaving in 2020. Now, they're bringing 4 additional team members back to Compass with them
by Jim Dalrymple II Feb 13
Anywhere expands board with investment firm leader Joseph Lenz
Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere's board this week after the franchising giant added a seat
by Jim Dalrymple II Feb 9
CoStar to spend a billion dollars on marketing in fight for portal crown
CoStar plans to advertise during this Sunday's Super Bowl, running 4 commercials, and at major cultural events in what it describes as 'the biggest marketing campaign in real estate history'
by Jim Dalrymple II Feb 8
Wendy Forsythe makes leap from brokerage world to coaching firm
The experienced real estate executive has led initiatives at Compass and Fathom Holdings. Now she'll be president of Chirag Shah Coaching
by Daniel Houston Feb 7
Wholesaler Crescent Mortgage closing up shop at end of March
Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials
by Matt Carter Feb 2