GeekWire, March 2, 2021–Taylor SoperReal estate brokerage Compass filed for a $500 million IPO on Monday. The firm is among a flock of real estate tech companies riding a strong …
Category: Top National News
Buying Is Cheaper Than Renting In More Cities
National Mortgage Professional, Mar. 2, 2021–Navi PersaudSizeable increases in home prices and low inventory won’t be enough to drive buyers away just yet. Buyers are likely to continue to hunt …
Biden’s SEC Pick Faces Senate Panel Amid Calls to Address GameStop Frenzy
Wall Street Journal, Mar. 2, 2021–Paul Kiernan, Andrew Ackerman (subscription)Gary Gensler, President Biden’s pick to lead the Securities and Exchange Commission, faced calls from senators Tuesday to address issues ranging …
Shares of Rocket Companies, a Large Short Target of Hedge Funds, Jump More than 50%
CNBC, Mar. 2, 2021–Yun LiShares of Rocket Companies rallied as much as 70% Tuesday in a surprising move on no apparent new news. The online mortgage provider currently has large …
Interagency Breakthrough on CRA Looks to Be in Reach
American Banker, Mar. 1, 2021–Brendan Pedersen (subscription)During the Trump era, the bank regulators couldn’t see eye to eye on how to modernize the Community Reinvestment Act. But a looming leadership …
Compass Losing Money, Gaining Market Share
HousingWire, Mar. 1, 2021–Matthew BlakeThe numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 billion in revenue.https://www.housingwire.com/articles/compass-losing-money-gaining-market-share/
CoStar Adds Cash to Its Hostile Bid for CoreLogic
National Mortgage News, Mar. 1, 2021–Brad Finkelstein (subscription)On the heels of CoreLogic’s earnings report, which shows record full year and fourth quarter revenues, CoStar Group added a cash component to …
Meet the Home-Rental Firm Turning Tenants Into Homeowners
Wall Street Journal, Mar. 2, 2021–Ryan Dezember (subscription)Most landlords hope their tenants stay put and pay rent forever. Promise Homes Co. wants its renters to move out and buy their …
Virus Did Not Bring Financial Rout That Many States Feared
New York Times, Mar. 1, 2021–Mary Williams Walsh, Karl RussellNew data shows that a year after the pandemic wrought economic devastation around the country, forcing states to revise their revenue …
U.S. Factory Activity Scales Three-Year High, Price Pressures Building
Reuters, Mar. 1, 2021–Lucia MutikaniU.S. manufacturing activity increased to a three-year high in February amid a surge in new orders, but factories continued to face higher costs for raw materials …