Inside Redfin’s brave – and vulnerable – business model

Redfin has declared a covenant with its real estate agents, making them employees. Can this model last?

February 15, 2022 Was this email forwarded to you? Sign up for HousingWire's Daily Update here. Inside Redfin's unique, brave and vulnerable business model Brokerage, Real Estate, HW+ Exclusive Content Redfin has declared a covenant with its real estate agents, making them employees. Can this model last? To free up cash, Homepoint will outsource servicing Mortgage Michigan-based wholesale lender Homepoint announced on Monday that ServiceMac, a First American company, will handle its servicing operations. We're here to change the way you think about reverse mortgages For too long, a reverse mortgage has been seen as a last resort for people in desperate straits. At Reverse Mortgage Funding LLC, we know that when used thoughtfully, it can be a sophisticated part of a financial plan. That's why we're working to change the way people think about reverse mortgages.   Learn More! Sponsored by Reverse Mortgage Funding Logan Mohtashami on why mortgage rates need to rise Housing Market Logan Mohtashami provides analysis on Fannie Mae's latest Home Purchase Sentiment Index and shares why he thinks mortgage rates need to rise. Listen Now! Mortgage servicers: If you're not obsessed with customer service, you're falling behind Presented by TMS To take full advantage of the current market conditions, lenders and servicers must obsess over customer service. How to be everywhere at once Customers and referral partners expect to find you on social media – and what they see there can impact whether you earn their business and referrals. MGIC's Social Media Café can help you harness the power of social media to efficiently engage your network. Learn more! Sponsored by MGIC With strategic plan, FHFA charts new course Politics & Money The Federal Housing Finance Agency (FHFA), in its new strategic plan, indicated it is heading in a different direction than under the previous administration. Licking its wounds, Zillow bets on a 'housing super app' Real Estate, Mortgage, HW+ Exclusive Content Zillow's new 'housing super app,' according to investor slides filed with the SEC, will provide mortgage pre-approval, "immersive shopping," facilitate in-person touring, and home financing. Learn How MISMO is Accelerating a Fully Digital Mortgage Process 1500+ lenders invested in MISMO's work to create essential industry standards and accelerate a fully digital mortgage process, end to end, last year. Learn more about MISMO's accomplishments and why we need your continued support by checking out MISMO's Annual Report. Learn More! Sponsored by MISMO Mortgage rates blow past industry predictions Mortgage, Politics & Money Mortgage rates are already north of 4%, but there are a few business channels that will flourish in the new environment – cash-out refis and HELOCs. Errol Samuelson says Zillow is fixing the 'boring, but impactful' issues in a transaction Brokerage, Podcasts Zillow's Errol Samuelson talks to RealTrends about the demise of Zillow Offers, and how the firm plans to develop a "housing super app." Acra Lending offers business purpose loan programs for your real estate investors. Programs like our Fix & Flip, Bridge, and Long-Term Rental (DSCR/Multifamily) can help take your real estate investment loan offerings to the next level. Find out more at acralending.com Sponsored by Acra Lending HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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