Relevant Group Sells Morrison Hotel Site at a Loss to AHF

Relevant Group Sells Morrison Hotel Site at a Loss to AHF

Relevant Group has sold the Morrison Hotel in Downtown Los Angeles — named after appearing on The Doors’ album cover of the same title — to AIDS Healthcare Foundation, The Real Deal... Read more »
Opinion: IMB servicers do a better job than banks on loss mitigation

Opinion: IMB servicers do a better job than banks on loss mitigation

Fifteen years ago, the TARP bailout bill was signed into law. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy... Read more »
Blend narrows loss to M in Q3, reaffirms path to profitability in 2024

Blend narrows loss to $21M in Q3, reaffirms path to profitability in 2024

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Its mortgage business outperformed the broader origination market... Read more »
loanDepot reports a M loss in Q3, expects lower volumes ahead

loanDepot reports a $26M loss in Q3, expects lower volumes ahead

loanDepot, the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday.  Total... Read more »