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
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
Despite a year-over-year decline in Q1, CEO Glenn Kelman voiced confidence in a statement on Tuesday as Redfin continued to finalize its $1.75 billion all-stock merger with Rocket Companies. Continue reading
A longtime thorn in Zillow’s side, Left and his firm Citron Capital LLC face charges from the DOJ and SEC that they profited by taking positions in companies that were the opposite of what they told investors to do. Continue reading
House lawmakers ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68 billion in risk since 2015. Continue reading
As the real estate world waits to see how the brokerage’s initial public offering will unfold this week, take a look back at Compass’ decade-long road to success as covered by Inman. Continue reading
Compass agent Cindy Ambuehl claims ex-assistant Christina Collins used insider knowledge to launch her own career in luxury real estate. Continue reading
The Japanese conglomerate has been rapidly losing faith in the co-working space company. Continue reading