Inflation, job worries drive ‘horrific’ consumer confidence report

Republicans are less worried about the future than Democrats and Independents, but “consumers from all three political affiliations are in agreement that the outlook has weakened since February.” Continue reading

Porch Group bolsters executive team as profits keep rolling in

Property insurance and home warranty provider announces four additions to its executive team to keep the momentum going after putting together two consecutive profitable quarters. Continue reading

Fathom Realty lifts agent count by 21% — but posts $22M loss in 2024

Fathom CEO Marco Fregenal says growth from My Home Group deal and smaller brokerage walkovers has company on track to achieve positive adjusted earnings in Q2 2025. Continue reading

Encouraging CPI inflation report does little for mortgage rates

Homebuyers have responded to a pullback in mortgage rates from January highs, but tariffs on imported goods could keep inflation elevated and halt the downward trend in rates. Continue reading

LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook

While mortgage originations were up 34 percent from a year ago, to $7.2 billion, company executives said they don’t expect lending to surpass $5.5 billion in Q1 2025. Continue reading

Rocket: Redfin acquisition will cut consumer transaction costs by half

Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading

A small but growing minority think it’s a good time to buy a home

While only 1 in 4 Americans surveyed last month by Fannie Mae said its was a good time to buy, that’s up from an all time low of 14 percent last spring. Continue reading

US home lending giant Rocket Mortgage bidding Canada adieu

Canadian mortgage strategist blames the country’s securitization market, which allows the country’s six biggest banks to sell mortgages to investors but is closed to smaller lenders. Continue reading

Weak February jobs report moves the needle on mortgage rates

Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1 percent. Continue reading

Focus on homebuyers helps Guild swing to $97M 2024 profit

At $24 billion, Guild’s 2024 mortgage production marked the San Diego-based lender’s biggest year since the pandemic-fueled refinancing boom. Continue reading