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
Q1 2024’s real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We’ve compiled the key highlights in one place. Here’s what you might have missed. Continue reading
In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading
The Baltimore homeowner succumbed to cancer before she could celebrate a landmark appraisal bias win. She’s part of a long legacy of Black homeowners who’ve died while fighting for their rights. Continue reading
Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black. Continue reading
If homebuyers are no longer willing to pay full commissions, what happens to lender programs that incentivize consumers to work with partner real estate agents? Continue reading
As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion. Continue reading
The lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9 million consumers affected by the January cyberattack. Continue reading
The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group. Continue reading
The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack. Continue reading