Blend posted a $9.4 million loss in the first quarter as the slow pace of home sales pulled revenue from its mortgage software suite down 22 percent from Q4. Its consumer banking suite brought in $9.6 million. Continue reading
Home loan giant boosts Q1 mortgage production by 7 percent, to $21.6 billion, says Redfin and Mr. Cooper acquisitions remain on track to close this year. Continue reading
Shares in Guild Holdings gain 10 percent as investors recognize $23.9 million net loss for the quarter was driven by a $70 million writedown in the fair value of Guild’s mortgage servicing rights portfolio. Continue reading
Purchase loan demand was up 11 percent last week, with “surprisingly strong” demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says. Continue reading
Central bank policymakers need time to assess Trump administration’s “substantial policy changes” in areas including tariffs, immigration, taxation and regulations Continue reading
Company founder Anthony Hsieh, who returned to the executive leadership team in March, says investments in technology, connections to real estate agents and joint ventures with homebuilders will help it scale. Continue reading
Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million. Continue reading
Offerpad’s $15.1 million Q1 net loss is down 14 percent from Q4 2024, with home acquisitions up 18 percent from the previous quarter to 454. Continue reading
Bellevue, Washington-based Evergreen hires Wells Fargo and Bank of America veteran Andrew Leff as head of national business development as it continues to expand beyond its roots as a regional independent mortgage bank. Continue reading
FHFA Director Bill Pulte tells ‘crypto influencer’ he’s signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public. Continue reading