Tag Archives: Industry News

Mortgage giants Fannie and Freddie battened down the hatches in Q3

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Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Continue reading →

EXp Realty expands into Poland amid international push

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Competition and a slowing market are making international expansions an increasingly important part of many U.S. companies plans for growth, including eXp Realty. Continue reading →

Fathom raises transaction fees, boosts incentives amid Q3 loss

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The real estate brokerage and tech platform is accelerating cost-cutting after posting a $6 million, third-quarter loss, with revenue up 10.2 percent to $111.3 million and agent count up 33 percent, to 9,991. Continue reading →

UWM overtakes Rocket Mortgage as biggest US lender after strong Q3

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United Wholesale Mortgage says it’s attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share. Continue reading →

Plunging prices, net losses, Q3 earnings: Inman’s Top 5 stories of the week, Oct. 28 – Nov. 3, 2022

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Catch up on the most-read stories of the week, as determined by Inman readers. Here’s Inman Top 5 for Oct. 28 – Nov. 3, 2022. Continue reading →

Douglas Elliman’s revenue declines as luxury inventory shortage lingers

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The New York-based luxury real estate brokerage reported consolidated revenues of $272.6 million in third-quarter earnings Thursday, compared to $354.2 million over the same period in 2021. Continue reading →

Mr. Cooper announces third round of layoffs affecting 800 workers

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Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June. Continue reading →

Rocket’s profits down 93% as mortgage originations fall

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With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion. Continue reading →

RE/MAX hangs onto slim profit in Q3 amid housing downturn

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Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday. Continue reading →