FOA reports $80 million profit and acquires Blackstone’s equity stake.
Company reports $80 million profit, consistent with Q1, indicating a strong recovery from a $5 million loss in Q2, attracting attention from private lenders.
Banner Team Joins Compass, Enhancing Presence in the DC Area
Discover how a 13-agent team with over 100 years of combined experience and $2.03 billion in closed sales enhances Compass's offerings in the real estate market.
HUD Auctions 1,600 HECMs with Additional Sales Planned
HUD is set for a second HECM auction, featuring approximately 2,000 loans valued at $548 million, providing private lenders with new investment opportunities.
Unlock Expands to Five Additional States and Appoints Chief Growth Officer
Unlock expands its home equity agreements (HEAs) to five new states: Hawaii, Idaho, Montana, New Hampshire, and Wyoming, offering more options for homeowners.
MBA Chief Executive Advocates for Modernization of Credit Scoring Systems
Discover insights from MBA's Bob Broeksmit on enhancing competition and reducing redundancies in credit score reporting, essential for private lenders.
Freddie Mac enhances CHOICEHome financing to support affordable housing.
Discover the immediate impact of including modern single-section, factory-built homes for buyers and builders, enhancing options in the housing market.
Opendoor Engages Agents to Enhance Profitability Strategies
iBuyer achieves adjusted EBITDA profitability for the first time in three years, reporting increased revenue and reduced net losses, marking a significant milestone.
Monroe Capital Faces Legal Scrutiny Over Alleged MV Realty Scheme Involvement
A recent lawsuit alleges that a lender was instrumental in financing MV Realty's controversial right-to-list agreement scheme, raising concerns in the industry.
The Impact of 6% Mortgage Rates on the Housing Market’s Recovery
Mortgage rates have reached year-to-date lows, yet home sales remain uncertain. Logan Mohtashami highlights the significance of the 6% threshold.
UWM introduces a 90-basis point refinancing incentive.
UWM introduces a 90 basis-point incentive for rate-and-term refinances, attracting private lenders as industry expectations shift towards a potential Federal Reserve rate cut.