Blend trims loss, shrugs off decline in mortgage segment revenue
Mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150 million cash injection from Haveli Investments.
Realtor.com revenue drops 6% as traffic growth remains flat
Realtor.com parent company Move Inc. saw its fiscal third-quarter revenue decrease 6 percent yearly to $132 million as traffic to the site stalls at 72 million average monthly unique visitors.
Mortgage demand picks up as rates retreat from 2024 highs
Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2 percent and requests to refinance up 5 percent week over week.
Low-income buyers’ mortgage applications drop to 2018 levels
Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023.
Compass posts revenue spike and increases agent count in strong Q1
The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday.
Former RE/MAX Northwest CEO moves Austin team to Compass
Matt van Winkle served as chief executive officer of RE/MAX Northwest from 2011 until 2022 and will now lead a Compass team.
Airbnb continues growth as Q1 profit more than doubles to $264M
Total revenue climbs 18 percent in the first quarter as Airbnb continued to add supply and benefit from a surge in bookings for events like the eclipse.
Judge rejects homebuyer motion to block commission settlements
Plaintiffs in the commission suit known as Batton 1 had requested a temporary restraining order Wednesday to prevent final approval of the Keller Williams, Anywhere and RE/MAX settlements.
On the verge of going private, Doma Holdings is still in the red
San Francisco-based title tech provider, set to be acquired by Title Resources Group, posts a $20.6 million Q1 2024 net loss, down 46 percent from a year ago.