Campaign to stop Fannie Mae title waiver pilot program resumes

Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups. Continue reading

RE/MAX’s Motto Mortgage bounces back with new offices

After seeing its open office count shrink this year for the first time ever, RE/MAX’s mortgage franchisor brings new offices online in Arizona, South Carolina and Michigan. Continue reading

AnnieMac notifies more than 170K customers of data breach

National mortgage lender offering affected customers free credit monitoring and identity theft protection after hackers accessed Social Security numbers in August data breach. Continue reading

Healthy FHA reserves justify premium cuts, lenders say

Private mortgage insurers are hoping to head off another FHA premium cut, like the 35 percent reduction approved last year by the Biden administration that’s project to save homebuyers $5.1 billion over 10 years. Continue reading

Amerant Bank exits Texas but still providing mortgages nationwide

Florida-based community bank sells its Houston branches to MidFirst Bank, but growing mortgage subsidiary Amerant Mortgage has a presence in most states. Continue reading

Porch shares soar 55% on $14M Q3 profit and restructuring plan

Regulators have signed off on plans to restructure insurance business into a company that’s owned by policyholders and operated by Porch, insulating it from catastrophic weather events. Continue reading

Opendoor lays off 300 workers after posting $78M Q3 loss

The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago. Continue reading

Record number of Americans say they’d rather rent than buy

Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy, Fannie Mae survey finds. Continue reading

New customers and layoffs help Blend approach profitability

In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9 percent of its workforce. Continue reading