Author Archives: Patrick Kearns

Rocket exec dishes on mortgage trends and beef with UWM

By Patrick Kearns | March 23, 2021 - 9:00 am |March 23, 2021 Uncategorized

Comments Off on Rocket exec dishes on mortgage trends and beef with UWM

Bob Walters called United Wholesale Mortgage’s ultimatum to independent brokers “deeply offensive.” Continue reading →

Rising rates and low inventory cause home sales to plummet

By Patrick Kearns | March 22, 2021 - 2:59 pm |March 22, 2021 Uncategorized

Comments Off on Rising rates and low inventory cause home sales to plummet

Existing-home sales were down 6.6 percent from January to February, according to data released Monday from the National Association of Realtors. Continue reading →

Side raises $150M, hits unicorn valuation

By Patrick Kearns | March 22, 2021 - 1:34 pm |March 22, 2021 Uncategorized

Comments Off on Side raises $150M, hits unicorn valuation

The real estate brokerage startup plans to use the infusion of cash to fuel its expansion. Continue reading →

Washington to revoke the license of Compass’ closing services firm

By Patrick Kearns | March 19, 2021 - 8:11 pm |March 19, 2021 Uncategorized

Comments Off on Washington to revoke the license of Compass’ closing services firm

Modus, the closing services software company, allegedly violated state statutes over co-branding, social media advertising and mechanisms it used to lure clients. Continue reading →

Mortgage rates continued to climb this week

By Patrick Kearns | March 18, 2021 - 7:51 pm |March 18, 2021 Uncategorized

Comments Off on Mortgage rates continued to climb this week

After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year’s levels. Continue reading →

How the marriage between Spencer Rascoff and Offerpad came to be

By Patrick Kearns | March 18, 2021 - 6:48 pm |March 18, 2021 Uncategorized

Comments Off on How the marriage between Spencer Rascoff and Offerpad came to be

Spencer Rascoff and Offerpad CEO Brian Bair spoke to Inman about the behind-the-scenes moves that led to Offerpad’s decision to go public via a special purpose acquisition company. Continue reading →

Spencer Rascoff’s SPAC is taking Offerpad public

By Patrick Kearns | March 18, 2021 - 1:42 pm |March 18, 2021 Uncategorized

Comments Off on Spencer Rascoff’s SPAC is taking Offerpad public

One of the nation’s largest iBuyers is going public with the help of a former rival executive. Continue reading →

IRS pushes tax filing deadline back to May 17

By Patrick Kearns | March 17, 2021 - 9:54 pm |March 17, 2021 Uncategorized

Comments Off on IRS pushes tax filing deadline back to May 17

The extension comes on the heels of the stimulus bill which could change the way many individuals are filing taxes this year. Continue reading →

How high exactly are Compass’ agent commission splits?

By Patrick Kearns | March 17, 2021 - 8:04 pm |March 17, 2021 Uncategorized

Comments Off on How high exactly are Compass’ agent commission splits?

Compass has “Berkshire Hathaway’s cost structure and eXp’s revenue structure” an industry source told Inman. Continue reading →

Rising rates are slowing home construction

By Patrick Kearns | March 17, 2021 - 3:50 pm |March 17, 2021 Uncategorized

Comments Off on Rising rates are slowing home construction

Housing starts plummeted in February as interest rates and lumber costs soared. Continue reading →