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.
Douglas Elliman Introduces Proprietary Mortgage Platform
Douglas Elliman Real Estate collaborates with Associated Mortgage Bankers to introduce Elliman Capital, enhancing financing efficiency for luxury homebuyers.
Bette Davis’ Maine Estate Now on the Market for $15 Million
Explore the listing of Bette Davis’ Maine estate, available for $15 million, offering insights into luxury real estate market dynamics and investment potential.
Title Agents in Michigan Suspended for Alleged Mismanagement of Escrow Funds
Officials indicate that agents present an "imminent threat of harm" due to issues of incompetence, untrustworthiness, and diversion of insurance funds.