Housing Wire

MAY 10, 2024

The Real Brokerage welcomes Texas -based independent brokerage The Property Shop , led by Season Ware, the company announced on Friday. The Property Shop joined Real under its Private Label program, which allows independent brokerages to maintain their own brand while reaping the benefits associated with being a part of Real.

Brokerage 418

Brokerage Branding Equity Technology 418

Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

Equity 497

Equity Brokerage As-is Mortgages 497

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

SEPTEMBER 23, 2024

There’s a new brokerage on the block. The recently launched Realty of America (ROA) is a fully virtual brokerage co-founded by CEO Eddie Garcia, President Mark Dimas, chief culture officer Erinn Nobel and chief operating officer Peter Nobel.

Brokerage 468

Brokerage Technology Equity Agents 468

Housing Wire

MARCH 13, 2025

The deal involves two of the nations top-four brokerages by sales volume in 2024, according to data from RealTrends Verified. billion in equity. The news was reported Thursday afternoon by The Wall Street Journal. The outlet cited unnamed sources and said that a deal could come together soon, if talks dont hit any last-minute snags.

Purchase and sale agreement 390

Purchase and sale agreement Brokerage Equity Development 390

Housing Wire

APRIL 16, 2025

Equity Smart Home Loans made a splash Wednesday by announcing it is severing ties with United Wholesale Mortgage (UWM) and partnering with Rocket Pro. ” In 2024, Equity Smart Home Loans originated over 1,600 loans, according to Modex data. “It just comes down to pricing. Of those loans, just over 66% were brokered.

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Equity Loans Loan Officer Mortgages 211

Housing Wire

APRIL 16, 2024

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As

Equity 457

Equity Investor Technology Industrial 457

Housing Wire

MARCH 3, 2025

Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday. Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian.

Technology 448

Technology Residential Commercial Brokerage 448

Housing Wire

OCTOBER 27, 2023

Earlier this year, the company launched its Boost Program , followed by the Accelerate Program , to incentivize independent teams, brokerages and agents to join eXp Realty. With the addition of Thrive, we are offering teams an accelerated equity opportunity.

Equity 427

Equity Brokerage Agents Sales 427

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 448

Brokerage Equity Branding Agents 448

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. San Jose -based EquiFi Corp. , According to its website, EquiFi is currently available in California only but is set to expand to more than a dozen other states.

Equity 383

Equity Purchase and sale agreement Mortgages Finance 383

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Equity 464

Equity Finance Purchase and sale agreement Investor 464

Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners.

Property Management 375

Property Management Investor Lending Renovation 375

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire.

Brokerage 434

Brokerage Mortgages Banks Lending 434

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger.

Brokerage 482

Brokerage Pre-approval Branding Agents 482

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 446

Brokerage Mortgages Loan Officer Banks 446

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Kim: There are a handful of home equity investment firms in the market. Based on the notion that far too many U.S.

Equity 425

Equity Marketing Investor Loans 425

Housing Wire

JANUARY 17, 2025

The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday.

Technology 347

Technology Brokerage Commercial Equity 347

Housing Wire

JUNE 21, 2022

Capitalizing on these market factors, brokerage firms in the 2022 RealTrends 500 brokerage rankings broke records in market share, closed transaction sides (there must be inventory somewhere!) The top four — Realogy Brokerage Group (RBG), HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S.

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Brokerage Agents Sales Closing 395

Housing Wire

NOVEMBER 5, 2024

During an earnings call, executives told analysts that loanDepot is seeking more JVs with builders, real estate brokerages and retail lenders across the country. In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity.

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Purchase and sale agreement Equity Loan Officer Principal 396

Housing Wire

MARCH 4, 2025

But after entering into a strategic partnership with private equity firm Stone Point Capital on Monday, industry analysts and experts believe that Keller Williams may actually be on the path to go public. That “something” could be a major acquisition or, in the case of private equity , it could come in the form of an IPO.

Equity 183

Equity Brokerage Agents As-is 183

Housing Wire

NOVEMBER 4, 2024

Advocates focused solely on the concerns of home sellers—who have gained billions in equity in their properties in recent years—are now creating post-hoc justifications for why eliminating cooperative compensation benefits low-wealth buyers. None of these arguments hold water. These “solutions” do not leave buyers better off.

Debt-to-income ratio 316

Debt-to-income ratio Agents VA loan MLS 316

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 436

Lending Mortgages Equity Loan Officer 436

Housing Wire

JUNE 3, 2024

His focus will be ”improving the agent experience in MoxiWorks and accelerating the development of a modern platform for agents and brokerages of all size, leveraging the power of AI,” the company stated in a news release. MoxiWorks won a HousingWire 2023 Tech100 Real Estate award.

Technology 441

Technology Brokerage Equity Agents 441

Housing Wire

MARCH 24, 2022

A self-described tech company, New York-based Compass has followed the path of many 21 st Century start-ups, offering agents equity in lieu of their full commission splits, or restricted stock units for some agents. The approach contrasts Compass with other full-service brokerages, including Realogy , who do not have an agent equity program.

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Agents Equity Brokerage As-is 396

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage.

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468

Housing Wire

NOVEMBER 17, 2021

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s. The deal is set to close Dec.

Brokerage 448

Brokerage Residential Equity Branding 448

Housing Wire

APRIL 1, 2025

Via filings with the Securities and Exchange Commission (SEC), the $155 million in cash that Compass paid as part of the acquisition aligns closely with the $155 million of shareholder equity in @properties at the end of September. In contrast, Compass recorded net losses of $321 million and $114 million during these respective time frames.

Sales 198

Sales Brokerage Equity Closing 198

Housing Wire

OCTOBER 13, 2023

Without revealing any confidential details, for example, Compass is using mostly its own equity rather than cash to deliver value to the sellers. Certainly, the expectations of brokerage firms did not change in terms of the multiple of EBITDA upon which valuations are based. This remains the most active part of the market.

Brokerage 434

Brokerage Equity Branding Design 434

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. The Connecticut-headquartered brokerage is the biggest player in New England.

Equity 435

Equity Brokerage Mortgages Title 435

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. The delisting follows Impac’s failure to adjust its stockholders’ equity levels amid consecutive financial losses. million in stockholder equity.

Equity 385

Equity Brokerage Lending Mortgages 385

Housing Wire

JULY 31, 2024

The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. The call did come with a setback for agents.

Agents 445

Agents Brokerage Title Equity 445

Housing Wire

JUNE 27, 2024

However, REcolorado said it objects to the associations selling it to an outside private equity firm. “We But DMAR and SMDRA cut off communication with REcolorado, and the two associations reached a deal with an unknown private-equity backed group, which REcolorado learned about late last week.

MLS 417

MLS Equity Brokerage Sales 417

Inman

AUGUST 31, 2023

Find out how this player from the international tennis circuit made the switch to the no-less-competitive real estate industry.

Equity 191

Equity Brokerage Industrial Marketing 191

Housing Wire

FEBRUARY 17, 2021

Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year. But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company.

Brokerage 410

Brokerage Principal Technology Equity 410

Housing Wire

MAY 3, 2021

Filed last week in California state courts, the lawsuit is the latest legal drama involving Compass, the New York City-headquartered residential brokerage. The couple allege that the brokerage lured them in 2018 with the promise of a signing bonus, marketing budget, and office space. The second-largest brokerage in the U.S.

Agents 418

Agents Brokerage Equity Sales 418

Housing Wire

SEPTEMBER 7, 2023

The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. In June, the brokerage announced that it was refining revenue share criteria, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA.

Agents 406

Agents Brokerage Equity Design 406