Tag Archives: q3 2024 earnings

New customers and layoffs help Blend approach profitability

By | | Uncategorized
Comments Off on New customers and layoffs help Blend approach profitability

In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9 percent of its workforce. Continue reading →

Mortgage segment stands tall as Zillow posts revenue growth in Q3

By | | Uncategorized
Comments Off on Mortgage segment stands tall as Zillow posts revenue growth in Q3

Zillow tallied $581 million in revenue between July and September, according to Q3 earnings released Wednesday. Revenue from the portal’s mortgage business hit $39 million, a 63 percent increase from 2023. Continue reading →

LoanDepot is back in the black for the first time since Q4 2021

By | | Uncategorized
Comments Off on LoanDepot is back in the black for the first time since Q4 2021

Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates. Continue reading →

Offerpad dialed back its iBuyer acquisitions by 49% in Q3

By | | Uncategorized
Comments Off on Offerpad dialed back its iBuyer acquisitions by 49% in Q3

Having slashed operating expenses by 40 percent from a year ago, the iBuyer has its sights set on boosting home purchases to 1,000 per quarter on lower cost structure. Continue reading →

RE/MAX revenue declined 3.4%, US agents continue to depart in Q3

By | | Uncategorized
Comments Off on RE/MAX revenue declined 3.4%, US agents continue to depart in Q3

A new quarter saw continuing trends for RE/MAX in decreasing revenue and U.S. agent count, but the franchisor also vastly improved its net income year over year. Continue reading →