BELLINGS

Real REMAX Group halts Motto Mortgage franchise growth

Vic Lombardo, the president of REMAX’s mortgage services, had stepped down from his role

Vic Lombardo, the president of REMAX’s mortgage services, had stepped down from his role

BELLINGS Intelligence Score: 12

Why it matters

Halting franchise growth and a leadership change at a mortgage services firm is routine business activity with limited broader market impact or systemic consequences.

Sources