Tag Archives: Industry News

Fairway loses 8 California branches to rival Guild Mortgage

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The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year “is equal to that of a mini acquisition.” Continue reading →

New York brokerage owner sues predecessor for alleged fraud

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Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business. Continue reading →

Keller Williams launches first-ever franchise in India

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Sahil Kapoor will lead the new office, which is based in Delhi. The expansion comes amid a significant international push for Keller Williams, according to the company. Continue reading →

Opendoor lays off 22% of its workforce in latest round of cuts

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In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles. Continue reading →

Clarence Thomas failed to report property deal with Texas developer

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Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the U.S. Supreme Court Justice, reportedly bought three properties from Thomas, including one where his mother still lives. Continue reading →

Fathom Realty parent company borrows $3.5M from existing investor

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Fathom Holdings will pay at least 8 percent interest on a convertible note company executives say will provide more flexibility as they seek “cash flow profitability” by Q3. Continue reading →

UWM says it’s hiring as Bloomberg details alleged ‘locker room culture’

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The nation’s biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after a Bloomberg News expose of alleged drug use, discrimination and harassment. Continue reading →