Buyout offers to approximately 2,000 workers are expected to save nation’s biggest mortgage lender roughly $180 million per year, according to a Q1 earnings call on Tuesday. Continue reading
Morty, an online mortgage marketplace focused on homebuyers, has doubled its headcount over the last year to 70. Continue reading
LoanDepot will lay off workers and suspend its quarterly dividend after posting a $91.3 million first quarter loss. Continue reading
Zillow and Realtor.com’s Q1 results shine a light on two key factors: overall revenue growth is slowing in a cooling market, and Zillow’s next-gen lead gen business, Zillow Flex, is building momentum. Continue reading
Title insurance premiums surged 36 percent in 2021 to a record $26.2 billion as low mortgage rates spurred refinancings, according to an analysis released Friday by the American Land Title Association. Continue reading
A record low 19 percent of Americans say it’s a good time to buy a home, according to a monthly survey Fannie Mae’s been conducting since 2010. Continue reading
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years. Continue reading
Intercontinental Exchange Inc. envisions building a “life of loan” mortgage platform that will produce cost saving efficiencies that benefit consumers. Continue reading
The real estate services platform and residential brokerage saw quarterly revenue grow 81 percent from a year ago, to $90.1 million, as Fathom Realty added more than 3,000 agents in Q1. Continue reading
Zillow’s new strategy has the company going back to its roots, doubling down on agent lead gen, and extracting more revenue from real estate commissions. Continue reading