loanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute. The California-based mortgage lender sued its rival in April 2022 claiming that six former employees — Steve Schneider, Cindy Smolin, Samantha Siegel, Fernanda Baske, Bob Bowman, and John Noyes — left the company to join CrossCountry after accessing, downloading
Read more
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growing! Confused by this? I hear you; let’s dive deeper into
Read more
Ohio-based Union Home Mortgage (UHM) struck a deal to acquire Michigan-based Amerifirst Home Mortgage, the companies confirmed on Wednesday. Founded in 1970, UHM is a full-service retail, wholesale and consumer-direct independent mortgage banking company. The lender originated $4.68 billion in mortgage loans over the last 12 months, according to the mortgage tech
Read more
Figure Acquisition Corp. I, a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision. The NYSE notified Figure on
Read more
United Wholesale Mortgage (UWM) has expanded temporary buydown options for jumbo loans at a time when mortgage rates are still high and borrowers have increased negotiating power. UWM is one of many lenders to roll out temporary buydowns in recent months in a bid to drum up more business. The
Read more
Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% month over month in November to a rate of 4.09 million, according to a report from the National Association of Realtors (NAR) released Wednesday. On a
Read more
Land & Buildings founder Jonathan Litt had has talks with the Six Flags CEO about splitting the business into operating and property companies. Litt …
Read more
Both listings profited from a lack of inventory and had multiple offers, which contributed to their higher sale prices.” Here are the top 10 Oregon …
Read more
She and Michelle Mackey of Baird & Warner are representing the property. The asking price is $2.25 million.
Read more
He leads a team of agents in Palm Springs and Palm Desert, California who advise clients in commercial real estate sales, leasing, …
Read more
The private sale of the Inner Harbor landmark has been ordered by a Circuit Court judge and the two iconic pavilions will be under new local ownership …
Read more
In almost every real–estate sale, buyers and sellers leave behind thousands, hundreds of thousands, or even millions of dollars in the process, …
Read more