Deal gives the nation’s biggest provider of riskier “non-QM” mortgages additional capacity to offer more traditional loans backed by Fannie and Freddie, FHA, VA and USDA. Continue reading
Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion. Continue reading
Some respondents to Inman’s Pulse survey seemed furious about the determination, while others were pleased, especially at the fact that CCP had been preserved. Still, multiple respondents simply expressed confusion over the new policy. Continue reading
Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016. Continue reading
A new website soliciting plaintiffs for a possible class-action suit against the Washington MLS asks homeowners if they’ve sold in the state and seen “a price drop or significant days on market.” Continue reading
Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows. Continue reading
Activist investor Dan Gropper claims Cannae Holdings’ “vague and undifferentiated” approach to acquisitions and “egregious governance practices” have cost shareholders nearly $1 billion. Continue reading
CEO Vishal Garg is optimistic about the future after cutting annual net loss by 61 percent, to $206 million, and growing loan production by 19 percent and revenue by 50 percent. Continue reading
Property insurance and home warranty provider announces four additions to its executive team to keep the momentum going after putting together two consecutive profitable quarters. Continue reading
The deal, which comes on the heels of its purchase of Folio parent company Amitree in 2024, aims to build on Inside Real Estate’s consumer search, executives told Inman exclusively on Thursday. Continue reading