Better-than-expected residential segment results bolstered Seattle-based portal Zillow’s Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a ‘fully-integrated’ homebuying experience. Continue reading
Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn’t think mortgage rates would come down. Continue reading
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading
In Q2 earnings, the nation’s largest mortgage lender posted a healthy $76 million profit, paid down debt, and said it’s in prime position to capitalize and grow as mortgage rates drop. Continue reading
Concerns about fraud mean lenders who want to sell multifamily loans to the mortgage giants may be required as soon as this summer to do more due diligence on borrowers and their properties. Continue reading
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds. Continue reading
With second quarter net income up 28 percent to $178 million, CEO Varun Krishna says Rocket is making “significant investments in data leadership and infrastructure.” Continue reading
HomeLight CEO Drew Uher says he’s glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending “in a very selective way.” Continue reading
The rising cost of construction, insurance and property taxes are creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell. Continue reading
Despite an improvement in housing affordability, property sales continue to decline. Pending home sales dropped 5.7 percent year over year, Redfin reported Thursday. Continue reading