Fannie Mae reduces expenses and reports $3.7 billion profit in Q1.
Fannie Mae reported a $3.7B profit in Q1, driven by $7.3B in revenue, as expenses decreased by 19% and net worth grew to $112.7B, highlighting financial stability.
Will REMAX Headquarters Move to Florida Following Real Acquisition?
Potential relocation creates uncertainty for Colorado brokers and staff, especially amid REMAX's established presence in Denver's competitive market.
Illinois Realtors Collaborates with MRED for Enhanced MLS Access
Illinois Realtors collaborates with MRED to enhance MLS access for members, with pre-registration now available and rollout anticipated shortly.
Atlantic Avenue Leads in HECM Broker Report Rankings
Atlantic Avenue topped the February HECM TPO broker rankings with 901 total endorsements, highlighting its strong performance in the reverse mortgage market.
Keller Williams Purchases Michael Lewis Marketing Suite
Keller Williams has acquired MLMS, enhancing marketing services for 130,000 agents, with plans for a comprehensive network rollout. Explore the implications for private lenders.
Mortgage Applications Decrease by 1.6% as Borrower Intent Diminishes
Mortgage applications declined 1.6% as 30-year fixed rates reached 6.37%. While refinancing decreased by 4%, purchase activity increased by 21% year over year.
Mortgage Executives Discuss Hidden Risks of Credit Score Reform
Mortgage industry experts warn that new credit score models and lender choice may increase delinquencies, alter pricing grids, and ultimately impact borrower costs.
Newrez Maintains Pricing Discipline, Increases Q1 Earnings Despite Volume Decline
Newrez reports increased profits through a disciplined pricing strategy despite challenging mortgage competition, contributing positively to Rithm Capital's overall performance.
Minnesota’s Efforts to Reform Zoning for Starter Homes Fall Short
Minnesota's latest attempt to boost starter-home construction is struggling in the legislature, with key zoning reforms facing significant obstacles.
Century’s Spec and Land Optionality Model Diverges from Industry Trends
Century Communities increased its gross margin to 17.8% while reducing incentives to 12.5% amid slower deliveries, exceeding 2,000 units in Q1.