Tag Archives: Industry News

Focus on homebuyers helps Guild swing to $97M 2024 profit

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At $24 billion, Guild’s 2024 mortgage production marked the San Diego-based lender’s biggest year since the pandemic-fueled refinancing boom. Continue reading →

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

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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 →

New Door Group, Ceretto Group move to Coldwell from Compass

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Two Denver-based real estate teams The New Door Group and The Ceretto Group, are making a strategic move from Compass to Coldwell Banker, the brokerage announced Tuesday. Continue reading →

UHM adds $1B in lending capacity with NRL Mortgage acquisition

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Houston-based Nations Reliable Lending, which does business as NRL Mortgage, sponsors 44 mortgage loan originators working out of 27 branch locations in 10 states. Continue reading →

Trump orders boost in US timber production, foreign lumber probe

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President Donald Trump on Saturday signed an order aimed at increasing U.S. timber production and launched an investigation into the risks that foreign lumber imports pose to national security. Continue reading →

Keller Williams takes on major investment from CoreLogic owner

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CoreLogic parent Stone Point Capital is investing in Keller Williams as part of what the firms described as a plan to accelerate growth and fuel innovation, Inman has learned exclusively. Continue reading →

Rocket’s $649M Q4 profit puts the company in the black for 2024

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In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading →

UWM is hiring after banner year for purchase mortgage lending

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In a year when home sales hit a three-decade low, the nation’s biggest mortgage lender made $96.1 billion in loans to homebuyers — the company’s best year ever. Continue reading →

Pacaso, The Agency partner on co-ownership sales

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The two companies will also expand listing availability in number of luxury markets, such as La Jolla, Miami, Vail, London and Napa, among other domestic and international destinations. Continue reading →

Offerpad losses mount as iBuyer acquires and sells fewer homes

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At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent.. Continue reading →