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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 437
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Chaos, consolidation and opportunity: Experts weigh in on what NAR’s settlement means for the industry

Housing Wire

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. The days of door opening are over.

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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

Principal 406
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Mark Willis steps back into CEO role at Keller Williams

Housing Wire

“With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller. Willis joined Keller Williams from Coldwell Banker in 1991, serving in multiple roles during his time with the brokerage.

Brokerage 427
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Reverse mortgage veteran offers advice for bringing new partners aboard

Housing Wire

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. With the right ambassador, that task is made simpler.

Mortgages 416
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Retail reverse mortgage production took a hit in January

Housing Wire

Four of the top 10 industry lenders also gained ground for the month. to 107 loans), Finance of America Reverse (up 17.4% Also noting a spike in business was David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina. “I to 682 loans) and Longbridge Financial (up 4.7% to 358 loans).

Mortgages 427
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We read Compass’s 10K so you don’t have to

Housing Wire

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. Under Securities and Exchange Commission law, companies must apply generally accepted accounting principles, or GAAP, in reporting their finances. If Miller is right and Compass, after raising $1.5

Brokerage 370