Adam Wiener steps down as Redfin’s president of real estate services

Adam Wiener, Redfin’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. His last day at the company will be Friday, Sept. 8.During his tenure, Wiener first served as a product manager for
Read MoreSculptor rejects higher bid, still prefers Rithm’s deal

New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty.“The Special Committee has not concluded that the Consortium’s most recent re
Read MoreJohn Davis files racketeering suit against Gary Keller

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams, just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas.In the filings, which name Keller Williams, Keller, former KW president J
Read MoreMortgage rates drop but still at 22-year high

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, dow
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