The deal is expected to close in the second half of this year. It would make Pennymac the second-largest mortgage servicer in the country and one the largest subservicers, the company said. Continue reading
After investing heavily to create a fourth competing major real estate search portal, CoStar said Wednesday that it would cut spending on Homes.com by 35 percent this year. Continue reading
In an Inman Exclusive, Robert Reffkin answers frequently asked questions about the Compass acquisition of Anywhere and how it will impact agents. Continue reading
The Financial Industry Regulatory Authority (FINRA) has asked Douglas Elliman who had knowledge of Anywhere’s merger offer before talks became public, Reuters reported Wednesday. Continue reading
Andrew Left’s controversial research firm has a thesis: Trump will win the “war on housing,” and that loanDepot’s mortgage servicing business is undervalued. Continue reading
Shares in the iBuyer have traded for as little as $0.58 on the Nasdaq in recent days — well below the $1 threshold companies must meet to avoid delisting. Continue reading
Lessinger’s departure comes less than a year after she assumed the role of president. It also comes after RE/MAX has struggled with financial results in recent quarters. Continue reading
The sale, to Virbela’s cofounders Alex Howland and Erik Hill, closed at the end of November. It comes at a time when virtual worlds and the metaverse have waned as a topic of excitement. Continue reading
Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer. Continue reading
“Nearly everything about his scheme was a lie,’” the SEC says in new charges against the investor, who raised money to buy homes in northern Ohio. Continue reading