Meet the boomerang agents returning to their old brokerages

As the battle for agent count stalls amid a slow market, firms such as Compass are seeing former agents, lured away by promises of better tech and more opportunities, come back into the fold. Continue reading

Fairway loses 8 California branches to rival Guild Mortgage

The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year “is equal to that of a mini acquisition.” Continue reading

New York brokerage owner sues predecessor for alleged fraud

Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business. Continue reading

Keller Williams launches first-ever franchise in India

Sahil Kapoor will lead the new office, which is based in Delhi. The expansion comes amid a significant international push for Keller Williams, according to the company. Continue reading

Opendoor lays off 22% of its workforce in latest round of cuts

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles. Continue reading

Clarence Thomas failed to report property deal with Texas developer

Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the U.S. Supreme Court Justice, reportedly bought three properties from Thomas, including one where his mother still lives. Continue reading

Fathom Realty parent company borrows $3.5M from existing investor

Fathom Holdings will pay at least 8 percent interest on a convertible note company executives say will provide more flexibility as they seek “cash flow profitability” by Q3. Continue reading

UWM says it’s hiring as Bloomberg details alleged ‘locker room culture’

The nation’s biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after a Bloomberg News expose of alleged drug use, discrimination and harassment. Continue reading