Head of LoanDepot’s retail division steps into newly created role

Dan Hanson, the former head of loanDepot’s retail division, will develop “new revenue-generating opportunities” as the mortgage lender’s executive director of enterprise partnerships and acquisitions. Continue reading

Constellation Software handed the keys to Empower, Optimal Blue

To satisfy antitrust regulators, ICE divests itself of Black Knight’s loan origination and mortgage pricing businesses, but gets access to mortgage loan servicers and MLSs in $11.9 billion merger. Continue reading

VC-backed Roam seeks to connect buyers to assumable mortgages

In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing. Continue reading

EXp recruits high-performing indie brokerage in New England

The Bean Group is the first team to join eXp Realty via the brokerage’s new Boost program, which provides financial incentives to independent recruits, according to an announcement Tuesday. Continue reading

Home values fell in 21 of the 50 largest US metros in August: Zillow

Home values are now 11.4 percent lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August. Continue reading

Divvy Homes letting 95 employees go, including senior managers

The third round of layoffs in the last 12 months affects employees in 21 states, including Divvy’s chief legal officer, vice president of compliance and head of design. Continue reading

Lawyer’s letter offers glimpse into NAR’s internal harassment probe

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR’s behest, found evidence of “creepy” and “disrespectful” behavior that, until now, had not been made public. Continue reading

Hubzu operator Altisource to issue more stock to pay down debt

The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt. Continue reading

Regulators place Porch’s insurance subsidiary under supervision

Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co. Continue reading