LoanDepot founder Anthony Hsieh determined to shake up board

After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender’s board of directors. Continue reading

Realty ONE Group plants flag in Cayman Islands and Cyprus

The new franchises add to the brand’s presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries. Continue reading

LoanDepot losses mount as company continues to shed workers

The beleaguered mortgage lender racks up a $610.4 million 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company’s lucrative refinancing business. Continue reading

News Corp CEO vows to reenergize Realtor.com after CoStar deal dies

In remarks at Morgan Stanley’s Technology, Media and Telcom Conference Tuesday, CEO Robert Thomson said growing Realtor.com after its sale to CoStar fell through is a “personal priority.” Continue reading

Black Knight ready to sell Empower to address antitrust concerns

A Deal with Constellation Software Inc. hinges on ICE closing the deal to acquire Black Knight, now valued at $11.7 billion. ICE says it’s prepared to fight FTC in court. Continue reading

Mr. Cooper names second chief financial officer in less than a year

Mortgage veteran Kurt Johnson, who held executive roles at Indymac Bank and OneWest Bank before joining Mr. Cooper in 2015, succeeds Jaime Gow as CFO, it was announced this week. Continue reading

Why real estate lawsuits are increasing in 2023: The Real Word

This week, hosts Byron Lazine and Nicole White are talking about the rise of lawsuits, how great agents build relationships and the rollout of NAR’s new ad campaign.
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Housing inventory shoots up as homes sit longer on the market

A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time. Continue reading