Tag Archives: Industry News

Antitrust regulators move to block ICE’s $11.7B Black Knight acquisition

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The Federal Trade Commission alleges the deal would put an end to intense competition between the companies and drive up costs for lenders and homebuyers. Continue reading →

Silicon Valley Bank, proptech hub for real estate clients, collapses

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In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO. Continue reading →

Monthly homebuyer payments just hit all-time high as spring arrives

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The typical monthly payment rose to $2,563 this week despite home prices that were down 1 percent, according to data on Friday. That’s the highest monthly payment on record, up 29 percent from last year. Continue reading →

Luxury home purchases hit record low as buyers eye other investments

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Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say. Continue reading →

LoanDepot founder Anthony Hsieh determined to shake up board

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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

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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

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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

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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 →