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The companies that can afford to, including Zillow, are aggressively growing MLO headcount in order to capture future market share, Mike DelPrete writes. This article was shared here with permission from Mike DelPrete for Inman Intel, a data and research arm of Inman offering deep insights and market intelligence on the business of residential real estate and proptech. Subscribe today. Even in a depressed market, people are still getting loans and buying houses — and some companies are positioning themselves to capture a larger share of the mortgage market. Why it matters: Tracking MLO (mortgage loan originator) headcount is a corollary to…

Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke about the election results, inflation and some of his current stock picks (including CNH Industrial and Peloton Interactive), but soon returned to a familiar theme: the long, slow descent of value investing. “It’s continuing to get worse,” the hedge fund manager told Picker. “We are in a secular destruction of the professional asset management community.” As he has done several times before, Einhorn pointed a finger at passive, index investors: “The passive people, they don’t care what the value is.” Markets are ‘broken’In Einhorn’s estimation, markets are “broken,”…

The damask variety, valued for its sweet scent, is responsible for the country’s renowned rose water. Source link

Jamie McCarthy/Getty Images; Gareth Cattermole/WireImage Taylor Swift has a special role in the lives of Ryan Reynolds and Blake Lively’s children. “She’s the godparent to my daughters,” Reynolds, 48, confirmed in a video interview with Deadline on Wednesday, November 13, referring to his and Lively’s three eldest kids — James, 9, Inez, 8, and Betty, 5. The couple also share their son, Olin, who was born in February 2023. Swift revealed her godparent status in a hilarious way earlier this summer while praising Reynolds’ movie Deadpool & Wolverine. “Over the past few years I have watched one of my best…

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. In the case of FOA — the current industry leader — the earnings results were robust. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage (HECM) space as favorable. While Ellington’s results were softer in comparison, company leaders remain bullish on profitability prospects for Longbridge…

Susie Wiles Susie Wiles will become the nation’s first female chief of staff. Jabin Botsford/The Washington Post via Getty Images Susie Wiles is set to make history as the country’s first female chief of staff to a president. A veteran Florida strategist who led Trump’s political operation for nearly four years, Wiles is seen as loyal and supremely capable.A grandmother who keeps a relatively low public profile, Wiles is Trump’s only campaign manager to have lasted an entire election cycle, The New York Times reported. Not only did she help the president-elect expand his base and run a more professional…

US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters news agency has reported, citing two sources with direct knowledge of the matter. Ending the tax credit could have grave implications for an already stalling electric vehicle (EV) transition in the United States. And yet representatives of Tesla – by far the nation’s largest EV seller – have told a Trump transition committee that they support ending the subsidy, said the two sources, who spoke on condition of anonymity. Tesla CEO Elon Musk, one of…

One of Kanye West’s ex-employees is lashing out at his former boss, accusing him in a new lawsuit of antisemitism and lewd conduct with Bianca Censori … during what were supposed to be work meetings. In the lawsuit, obtained by TMZ, Murphy Aficionado says he worked for Ye as a project manager, and claims Kanye was a nightmare boss. According to the suit, Kanye summoned him to a Beverly Hills hotel room in November 2022, and when he entered, Ye was shirtless and out of breath with his pants unbuttoned and his then-girlfriend Bianca was topless with her hands barely…

The antitrust lawsuit filed by broker John Diaz in U.S. District Court in Los Angeles claims the membership agreement creates “an anti-competitive monopoly over MLS services.” Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. The National Association of Realtors (NAR) has been hit with yet another lawsuit over its three-way membership agreement, which stipulates that Realtors must join their…

Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersShares of vaccine makers fell on Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services. The stocks fell in the final hour of trading as reports emerged about Trump’s expected pick. Moderna’s stock closed more than 5% lower on Thursday, shares of Novavax fell more than 7% and Pfizer’s stock ended more than 2% lower.Shares of BioNTech, the German drugmaker that helped…