Fathom logged a net loss of $4.3 million during the second quarter, an improvement over the $5.7 million loss logged during the first quarter, according to its earnings report released Wednesday.
Category: Industry News
ICE’s Black Knight acquisition nears resolution of antitrust issues
“Significant progress” in Federal Trade Commission negotiations have been reported since Black Knight’s Empower loan origination system and Optimal Blue division were cut from the deal.
Rocket back in the black after boosting purchase market share
The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages.
Offerpad scoops up more homes in Q2 as path to profitability emerges
Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year’s end.
Doma sells off more title operations in Texas and Midwest
Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May.
Century 21 to host 1st-ever International Week of Giving
From July 24 to 28, Century 21 and its affiliated companies will raise money for nonprofits that address food, healthcare and education inequalities. C21 corporate has pledged to match up to $50K in donations to longtime nonprofit partner, Easterseals.
Compass nabs top-performing Coldwell Banker agent
Tacoma’s Margo Hass Klein joined Compass this week, according to the company. She’s the latest in a string of Coldwell Banker agents who decamped for Compass this year.
EXCLUSIVE: Read Inman’s Blueprint 2.0 for Uncertain Times
Real estate’s top thought leaders shared their best advice for thriving in a slower market during CEO Connect in New York last month. Here’s what they had to say.
Red Oak Realty taps former KW, Pacific Union leader as president
Nicole Aissa will oversee agent growth and development at Red Oak. She previously worked as an operating principal at Keller Williams.
Hubzu operator Altisource raising money in public stock offering
The debt-burdened company notified regulators in December of plans to raise up to $100 million through a public stock offering.