Tag Archives: Industry News

Compass rolls out second-home-focused network for agents

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Compass Resort aims to provide referrals, collaboration and other resources to agents who work with clients focused on vacation properties and secondary homes. Continue reading →

Amerant Bank exits Texas but still providing mortgages nationwide

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Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states. Continue reading →

Fathom Holdings’ revenue drops 10% as market challenges linger

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The company’s Q3 revenue clocked in at $83.7 million while net losses rose to $8.1 million as Fathom faced an uncertain market and dealt with expenses related to a $3 million NAR settlement contingency. Continue reading →

Opendoor lays off 300 workers after posting $78M Q3 loss

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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 percent from Q2 and 26 percent from a year ago. Continue reading →

Real estate tycoon sentenced to death in Vietnam appeals sentence

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Accused of embezzling as much as $27 billion 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.” Continue reading →

EXp punches back over criticism of ‘sweetheart’ commission deal

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The virtual brokerage argued Tuesday that it’s settlement wasn’t too small, and asked a court to reject attempts to force it back to the negotiating table. Continue reading →

LoanDepot is back in the black for the first time since Q4 2021

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Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates. Continue reading →

Former California indie brokerage Lyon rebrands to Windermere

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The Sacramento-based company will operate using the name “Windermere Signature Properties” nearly four years after its acquisition. The firm boasts more than 700 agents, as well as 14 offices. Continue reading →

Realtor.com CEO pleads with US leaders to save homeownership

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Realtor.com launched the latest chapter of its eight-month buyer agency campaign on Tuesday with a passionate open letter from CEO Damian Eales. In the letter, Eales urged local, state and federal legislators to use their upcoming terms to meaningfully… Continue reading →

Offerpad dialed back its iBuyer acquisitions by 49% in Q3

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Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure. Continue reading →