Tomo Mortgage secures $20M in Series B funding round

Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday. Continue reading

Rocket Companies to purchase Redfin in $1.75B all-stock deal

Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 ag… Continue reading

Hsieh returns to LoanDepot as Frank Martell steps down as CEO

Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday. Continue reading

LA wildfire victims get extension on foreclosure, eviction moratorium

The moratorium on foreclosures and evictions for wildfire victims with FHA-backed single-family mortgages will be extended until July 7, 2025, HUD announced Thursday. Continue reading

LA-based Distinct Concierge launches AI-fueled app for A-listers

Operating in Beverly Hills’ vaunted 90210 ZIP code, Distinct Concierge serves professional athletes and entertainers, an exclusive subset of the market that requires unique touchpoints. Continue reading

New Door Group, Ceretto Group move to Coldwell from Compass

Two Denver-based real estate teams The New Door Group and The Ceretto Group, are making a strategic move from Compass to Coldwell Banker, the brokerage announced Tuesday. Continue reading

Hive MLS completes $500K data partnership with SourceRE

Formerly known as the North Carolina Regional Multiple Listing Service, the company described the partnership as a “data exchange” that would flatten the gap between data provider and user Continue reading

John Davis escalates lawsuit against KW with new accusations

The former Keller Williams CEO expanded on previous allegations of financial misconduct in new court filings while adding new claims of alleged sexual misconduct by Gary Keller’s son, John Keller. Continue reading

Florida housing market hits record inventory, Redfin says

Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the end of January, there were 172,209 homes on the market, the most Florida has ever seen. That’s a 22.7 per… Continue reading

Compass One puts clients at true north: Tech Review

Among other benefits, this application is an intuitive and lightweight method by which to manage multiple relationships in a single setting. Continue reading