Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit

Rocket Mortgage has sued a California mortgage brokerage and one of its executives, alleging they knowingly submitted fraudulent loan applications that concealed borrowers’ debts and caused financial losses after the loans were sold to investors. In a complaint filed Tuesday in the U.S. District Cou

Advocus National Title expands leadership team

Advocus National Title Insurance Co. has expanded its national leadership team as it moves to scale its underwriting platform across the country. The attorney-focused title insurance underwriter said the leadership changes are intended to support national growth while maintaining its long-standing e

Divesting Homes.com would cause ‘irreparable harm’: CoStar

The pressure of even more activist investors does not appear to be enough to cause CoStar Group to change its stance on Homes.com. The Andy Florance-led firm responded to a letter sent by activist investors at D.E. Shaw & Co., LP. in a press release on Thursday, in which the company reiterated its c

Offsite building faces scalability hurdles as Builders First Source expands

Offsite construction is often hailed as the panacea for housing shortages and labor constraints. In practice, it faces the realities of a cyclical, regional business. Builders who buy these companies outright often end up tying capital to rigid factories that can’t flex with demand. Recent experienc