Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016.
Category: Industry News
Top 10% of agents control nearly half of all listings as pay gap widens
Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows.
Fathom Realty lifts agent count by 21% — but posts $22M loss in 2024
Fathom CEO Marco Fregenal says growth from My Home Group deal and smaller brokerage walkovers has company on track to achieve positive adjusted earnings in Q2 2025.
Tomo Mortgage secures $20M in Series B funding round
Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday.
Rocket Companies to purchase Redfin in $1.75B all-stock deal
Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 agents, with Rocket Companies’ mortgage origination and servicing capabilities.
Hsieh returns to LoanDepot as Frank Martell steps down as CEO
Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday.
As JVs struggle, Rate names top salesman to head retail mortgage
Guaranteed Rate Inc.’s retail mortgage operations named Shant Banosian as president on Tuesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits.
Trump orders boost in US timber production, foreign lumber probe
President Donald Trump on Saturday signed an order aimed at increasing U.S. timber production and launched an investigation into the risks that foreign lumber imports pose to national security.
Kevin Van Eck now principal at startup advisory Maverix
Kevin Van Eck is stepping away from his leadership role at @properties Christie’s International Real Estate to become a principal at Maverix Advisory Group.
Offerpad losses mount as iBuyer acquires and sells fewer homes
At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent..