Differentiating Approaches: Lower and Movoto versus Rocket-Redfin
Movoto CEO John Berkowitz shares insights on the merger with Lower and explores evolving trends within the real estate portal industry in a HousingWire interview.
Unlock Obtains $250 Million Funding from D2 Asset Management
Unlock Technologies has secured $250 million via a purchase commitment agreement with D2 Asset Management, enhancing its capacity for innovative lending solutions.
NAR and local associations removed from Eytalis lawsuit
District court dismisses NAR from antitrust suit, following U.S. Magistrate Judge Hal R. Ray's recommendations, impacting industry dynamics for private lenders.
Opendoor Stock Tumbles Following Reddit-Driven Surge: To HODL or Not?
Opendoor stock plummets to $2.05, marking a significant drop of almost 50% in mere hours. Private lenders should monitor this volatility closely.
Mr. Cooper Maintains Profitability Following Significant Subservicing Departure
Mr. Cooper reports $198 million in net income for the quarter, reflecting growth from last quarter but slightly below last year's performance.
PennyMac Leads in Correspondent Lending, Reports Growth in Broker Business
PennyMac now boasts over 5,100 approved brokers, marking a 19% annual increase, highlighting their expanding network within the private lending market.
Mortgage Demand Remains Strong, Surpassing Previous Projections
MBA reports a decline in refinance applications, yet activity remains above last year's levels despite sustained high interest rates, signaling market dynamics.
Renters Surpass Owners in Major U.S. Cities: Is Real Estate Noticing?
As rental markets surge, over 44.5 million U.S. households occupy rentals, a trend reshaping real estate dynamics in key metropolitan areas.
Synergy One Partners with Figure’s Democratized Prime as Key Institutional Client
Synergy One generates returns on corporate Treasury notes by lending against HELOCs, leveraging Figure's innovative technology for efficient transactions.
David Brooke Discusses Strategies to Combat Industry Myths
Discover key insights on effective leadership in the mortgage industry, addressing challenges like team turnover and agent burnout while fostering a strong culture.