WeWork hits an earnings milestone in Q4 — but remains deep in the red

The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday. Continue reading

Divvy Homes’ employees say there has been another round of layoffs

Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday. Continue reading

ICE sees $13B Black Knight merger surviving antitrust concerns

Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators’ antitrust concerns as critics raise market power, data privacy issues. Continue reading

Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading

PLACE hires former Homeward exec Brian Gubernick

Brian Gubernick will serve as PLACE’s new chief real estate officer tasked with helping teams and agents grow their businesses. Continue reading

EXCLUSIVE: Read Inman’s Blueprint 2.0 for Uncertain Times

Real estate’s top thought leaders shared their best advice for thriving in a slower market during CEO Connect in New York last month. Here’s what they had to say. Continue reading

Mr. Cooper lays out path to $1T mortgage servicing rights portfolio

Rising mortgage rates have many lenders looking to sell servicing rights, creating an opportunity for a Dallas-based company that now collects payments on $870 billion in loans. Continue reading

Altisource public stock offering will pay off roughly $20M in debt

Shares in Hubzu operator touched a new 52-week low Friday after the company released details of its plan to pay off a portion of its nearly $200 million in debt. Continue reading

Red Oak Realty taps former KW, Pacific Union leader as president

Nicole Aissa will oversee agent growth and development at Red Oak. She previously worked as an operating principal at Keller Williams. Continue reading