Glenn Kelman, Redfin eye profitability in 2025
Redfin executives believe the company has made the necessary adjustments and investments to grow in 2025 after another net loss in 2024.
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Rocket Mortgage’s origination volume rises to $27.8B in Q4
Rocket Companies recorded net revenue of $1.8 billion and GAAP net income of $649 million in the fourth quarter of 2024.
Offerpad tightens belt, narrows 2024 loss to $62M
Online property marketplace and real estate technology company Offerpad Solutions Inc. reported a net loss of $17.3 million in the fourth quarter of 2024, which was up 12% from the $15.4 million loss it sustained in the final quarter of 2023.
eXp rides Clear Cooperation to international growth
While Robert Reffkin and Compass are touting their success while pushing for the repeal of the National Association of Realtors’ (NAR) Clear Cooperation Policy, eXp Realty executives are claiming that the North American MLS system is helping to fuel their company’s strong international growth.
Zillow is still in the red, but its major revenue streams are rising
On its fourth-quarter 2024 earnings call on Tuesday evening, Zillow announced a partnership with fellow Seattle-headquartered firm Redfin that will make Zillow the exclusive provider of multifamily listings on Redfin, Rent.com and ApartmentGuide.com.
Newrez parent Rithm Capital posts 57% profit growth in 2024
Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.
Rocket’s origination volume jumps 28% in Q3
Detroit-based Rocket Companies saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in Q3 2024.
FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors
FOA President Kristen Sieffert discusses the creation of a new digital innovation team and a new approach to the company’s product marketing.
Longbridge parent posts softer Q3 earnings while touting proprietary reverse performance
Ellington Financial, the parent company of Longbridge Financial, is bullish about the prospects of proprietary reverse mortgages.