Divvy Homes letting 95 employees go, including senior managers

The third round of layoffs in the last 12 months affects employees in 21 states, including Divvy’s chief legal officer, vice president of compliance and head of design. Continue reading

Lawyer’s letter offers glimpse into NAR’s internal harassment probe

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR’s behest, found evidence of “creepy” and “disrespectful” behavior that, until now, had not been made public. Continue reading

Hubzu operator Altisource to issue more stock to pay down debt

The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt. Continue reading

Regulators place Porch’s insurance subsidiary under supervision

Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co. Continue reading

Insurers ‘dodged a bullet’ as Hurricane Idalia slams rural areas

Mortgage giants Fannie Mae and Freddie Mac outline relief for victims, including forbearance suspending mortgage payments for up to 12 months. Continue reading

Black Knight ready to spin off Empower, Optimal Blue businesses

To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month. Continue reading

John Davis files a racketeering lawsuit against Keller Williams

Three months after a Texas judge sent former Keller Williams CEO John Davis’ $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims. Continue reading

Cover up, circle the wagons, pounce on critics: NAR’s MO

The arcane volunteer structure at the National Association of Realtors prevents proactive decision-making and erodes individual accountability, Brad Inman writes. Continue reading

Guild Mortgage eyes the Midwest with First Centennial acquisition

The acquisition of the Aurora, Illinois-based, family-owned lender marks San Diego-based Guild Mortgage’s fourth expansion since December, according to an announcement on Monday. Continue reading