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Christopher George, the founder of California-based multichannel mortgage lender CMG Financial, has struck a deal to acquire Greenwoods Financial Group, the owner of Greenwoods State Bank. Financials of the deal were not disclosed. George will become an indirect wholly owner of a $575 million FDIC-state chartered bank based in Lake…
Continue reading →After being dragged back into a homebuyer commission lawsuit, Hanna Holdings, the parent company of Howard Hanna Real Estate Services, is again looking for an exit. On Monday, the firm filed a motion to dismiss Davis commission lawsuit or relocate it to the Western District of Pennsylvania. The suit, which…
Continue reading →Federally designated opportunity zones aren’t immune to the nationwide trends of elevated mortgage rates and low inventory that is pushing up home prices. In fact, these areas track quite closely with broader trends. According to a new report from real estate data provider Attom, median home values in second-quarter 2024…
Continue reading →Zillow’s second-quarter 2024 earnings call with investors Wednesday evening marked a pivotal moment for the firm. It was the first since company co-founder Rich Barton announced he was stepping down as CEO. Less than an hour before the call, Zillow Group announced that it had promoted Jeremy Wacksman, the firm’s…
Continue reading →Zillow Group has promoted Jeremy Wacksman from chief operating officer to CEO, according to an announcement on Wednesday. The firm made the announcement less than an hour before its second-quarter 2024 earnings call with investors and analysts. In addition to being named as the firm’s CEO, Wacksman has also joined…
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