Revenue from Blend’s biggest business, its mortgage software suite, fell 6 percent in 2024 to $73.3 million. A 42 percent increase in consumer banking suite revenue, to $33.7 million, more than made up the difference. Continue reading
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29 percent, to $101.2 billion, and higher profit margins on those loans helped boost net revenue by 34 percent, to $5.1 billion. Continue reading
RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership. Continue reading
In a year when home sales hit a three-decade low, the nation’s biggest mortgage lender made $96.1 billion in loans to homebuyers — the company’s best year ever. Continue reading
There’s rising anxiety among investors and consumers about the potential impacts of a trade war, surveys show, with stock prices and bond yields retreating as March 4 deadline looms. Continue reading
At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent.. Continue reading
National Housing Conference President and CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae. Continue reading
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation. Continue reading
The Trump administration is silent on details, but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40 percent of FHA’s workforce are set to be laid off as part of cost-cutting initiatives. Continue reading
RocketRentRewards lets homebuyers earn closing cost credits equal to 10 percent of their verified rent payments over the past year, or $2,160 for those paying the average $1,800 in rent. Continue reading