Data Shows Fix-and-Flips Address Essential Entry-Level Home Shortage
New Western reports a significant supply of affordable homes, with investors providing 120,193 properties under $261,000, far surpassing new builds at 37,931.
Blend Capitalizes on Mortgage Market Recovery While Addressing SaaS Concerns
Blend Labs Inc. reported a profitable quarter, driven by enhanced mortgage market conditions, highlighting opportunities for private lenders in a shifting landscape.
Finance of America Reports 175% Profit Increase Driven by $2.4B in Originations
Finance of America Companies achieved $110 million in net income from continuing operations, a 175% increase, driven by higher loan volume and enhanced operating efficiency.
REMAX expands with acquisition of 300-agent brokerage in Rhode Island.
The firm achieved over $710 million in annual volume, highlighting its strong performance in the mortgage industry, as noted in the latest RealTrends Verified rankings.
Colorado Considers Minimum Home Lot Sizes to Address Housing Challenges
Colorado lawmakers are revising zoning rules to tackle housing affordability by allowing single-family homes on smaller lots, aiming to enhance accessibility in suburban areas.
DiSpirito Team Recognized with Prestigious Awards at Engel & Völkers
"Discover insights from Rhode Island's top real estate team, recognized for exceptional unit sales performance, driving value for private lenders in the market."
Longbridge and Mutual of Omaha Seek Dismissal of Reverse Mortgage Lawsuit.
Longbridge Financial and Mutual of Omaha Mortgage seek dismissal of a lawsuit concerning alleged improper advertising practices, aiming to resolve ongoing legal disputes.
Radian concludes mortgage conduit operations following sale discussions.
Radian is discontinuing its mortgage conduit operations after an unsuccessful divestiture process, while seeking strategic options for its title and real estate services.
Mortgage Applications Rise 3.2% During Period of Market Volatility
Mortgage applications rose 3.2%, with the purchase index increasing by 7.8%. Meanwhile, the 30-year fixed rate climbed to 6.19%, impacting lending strategies.
loanDepot posts $108 million loss despite improvements in volume and margins
loanDepot reduces its projected 2025 net loss to $108 million, with revenues increasing by 12% to $1.19 billion, despite a decline in margins to 324 bps in Q4.