As JVs struggle, Rate names top salesman to head retail mortgage

Guaranteed Rate Inc.’s retail mortgage operations named Shant Banosian as president on Tuesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits. Continue reading

Cash offer pioneer Evergreen Home Loans expands to Southeast

Partnerships with real estate agents and builders laid the groundwork for the foray into Florida, Georgia, North Carolina, South Carolina and Tennessee led by former Guild Mortgage exec John Porath. Continue reading

Real estate is not broken: Anywhere’s Sue Yannaccone

Zillow’s market cap may be 50 times bigger than the franchise giant’s, but that doesn’t mean traditional industry players need to make a “fundamental pivot,” the CEO tells Brad Inman. Continue reading

Guaranteed Rate buys out partner in mortgage joint venture, Premia

Relocation and moving services provider Sirva Worldwide Inc. has agreed to sell its stake in Troy, Michigan-based Premia Relocation Mortgage LLC for an undisclosed sum. Continue reading

Market headwinds push Anywhere Q2 revenue down 6% to $2.1B

Inflation, rising mortgage rates and sinking home sales contributed to Anywhere’s diminished performance in Q2 as the company braces for choppier waters ahead. Continue reading

Market headwinds push Anywhere Q2 revenue down 6% to $2.1B

Inflation, rising mortgage rates and sinking home sales contributed to Anywhere’s diminished performance in Q2 as the company braces for choppier waters ahead. Continue reading