Tag Archives: Industry News

Offerpad gets new CFO as stock hovers near record low

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Peter Knag joins the company in the middle of a rough real estate market, and when iBuying specifically appears to have lost some of its buzz. Continue reading →

Xome’s DIY platform lets investors sell homes without an agent

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Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one. Continue reading →

Flagstar exiting warehouse business to bolster parent NYCB

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JPMorgan Chase Bank has agreed to buy about $5 billion in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations. Continue reading →

Back in growth mode, Better is hiring again but still in the red in Q1

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The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better’s future “lies in Uberizing the loan officer.” Continue reading →

Fathom Realty has more agents, fewer Q1 sales than a year ago

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CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9 million Q1 net loss. Continue reading →

On the verge of going private, Doma Holdings is still in the red

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San Francisco-based title tech provider, set to be acquired by Title Resources Group, posts a $20.6 million Q1 2024 net loss, down 46 percent from a year ago. Continue reading →

January cyberattack a $37M weight on loanDepot Q1 2024 results

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In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading →

Better settles with former exec who filed whistleblower suit

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Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit. Continue reading →

Fathom sells Dagley Insurance subsidiary back to founder

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The sales proceeds of $15 million will strengthen the company’s financial position and support growth initiatives, Fathom Realty parent company said Monday of its latest move to shore up finances. Continue reading →

Fathom sells Dagley Insurance subsidiary back to founder

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The sales proceeds of $15 million will strengthen the company’s financial position and support growth initiatives, Fathom Realty parent company said Monday of its latest move to shore up finances. Continue reading →