Guild Mortgage set to acquire, rebrand Academy Mortgage

Upwards of 1,000 Academy Mortgage employees will make the transition to Guild, including more than 600 originators, Guild said in announcing the sixth acquisition in three years. Continue reading

Top Bay Area team boomerangs back to Compass from Side

Mollie Poe and Declan Hickey were founding members of Compass San Francisco before leaving in 2020. Now, they’re bringing four additional team members back to Compass with them. Continue reading

Anywhere expands board with investment firm leader Joseph Lenz

Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere’s board this week after the franchising giant added a seat. Continue reading

CoStar to spend a billion dollars on marketing in fight for portal crown

The company plans to advertise during the Super Bowl and other major cultural events in what it describes as the “biggest marketing campaign in real estate history.” Continue reading

Wendy Forsythe makes leap from brokerage world to coaching firm

The experienced real estate executive has led initiatives at Compass and Fathom Holdings. Now she’ll be president of Chirag Shah Coaching. Continue reading

Wholesaler Crescent Mortgage closing up shop at end of March

Sixty-five employees are slated to lose jobs when the Atlanta-based lender, licensed in 48 states, ceases operations on March 29, the company confirmed in a WARN Act filing with Georgia officials. Continue reading

Keller Williams settles Sitzer, Moehrl commission suits for $70M

Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR. Continue reading

Long-serving HAR CEO Bob Hale announces his retirement

Hale has been with HAR since the 1970s, racking up a long list of accomplishments and awards along the way. René Galvan will succeed him as president and CEO. Continue reading

Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T

Moody’s upgrades credit rating of “powerhouse in mortgage servicing” as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent. Continue reading