Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76M profit, paid down debt and said it's in prime position to capitalize and grow as mortgage rates drop to 2024 lows
Shares in Offerpad hit new all-time low in after-hours trading Monday after the iBuyer reported that it continues to trim its losses but expects further declines in revenue and homes sold in Q3
Concerns about fraud mean lenders who want to sell multifamily loans to the mortgage giants may be required to do more due diligence on borrowers and their properties
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds and MBSs that fund home loans
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
HomeLight CEO Drew Uher says he's glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees the value of being in lending 'in a very selective way' to help agents close deals
Rising cost of construction, insurance and property taxes creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell
Fed policymakers are acknowledging that while they're determined not to cut rates until inflation is tamed, they're also worried about waiting too long and throwing the economy into a tailspin
Zillow Senior Economist Orphe Divounguy says it will be up to agents to bring sellers with unrealistic expectations about what the market will bear back down to Earth
NextHome chief strategy officer's 20-minute presentation at Inman Connect Las Vegas could be just the ticket to feeling more at ease with commission lawsuit changes coming Aug. 17
FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance
Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck
As inflation gets closer to Fed's 2% target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low 6s by the end of next year
A longtime thorn in Zillow's side, Left and Citron Capital LLC are accused by DOJ and SEC of profiting by taking positions in companies that were the opposite of what they told investors to do
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac's federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance
7 executive hires in 2024 included Dana Abernathy, who will expand the company's mortgage servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships
Applications for purchase mortgages dropped last week for the 2nd week in a row as rising home prices continue to shut many would-be homebuyers out of the market: MBA survey
CFO Pat Theodora taking over as CEO after Iannitti, a pioneer of numerous paperless processes including eVault and eSign capabilities, died unexpectedly of complications from pneumonia
As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford. Prices are already coming down in some markets
