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Fathom stays optimistic about agent compensation plan even as losses mount

Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that. On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to streamline their work. Launched at the beginning of […]

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Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) — which initially filed the lawsuit against Ginnie

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