Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call. Continue reading
As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers. Continue reading
Fathom posted a $24 million annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage’s transaction volume dropped less than the industry overall. Continue reading
CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers. Continue reading
The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss. Continue reading
As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion. Continue reading
In the wake of legal settlements in two of the largest commission lawsuits, RE/MAX and Anywhere revealed their paths forward to investors in Q4 earnings calls last month. Intel reads the tea leaves. Continue reading
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed. Continue reading
The nation’s biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights. Continue reading
The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading