Tag Archives: mortgage

Zillow sees revenue dip in Q4, but manages to trim losses

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The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon. Continue reading →

Demand for purchase loans sinks as mortgage rates rebound

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Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading →

ICE sees $13B Black Knight merger surviving antitrust concerns

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Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators’ antitrust concerns as critics raise market power, data privacy issues. Continue reading →

Rocket CEO Jay Farner, who led company’s 2020 IPO, retiring June 1

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Former Rocket Mortgage CEO Bill Emerson will serve as the company’s interim CEO while its board of directors conducts a search for a permanent leader. Continue reading →

Mr. Cooper lays out path to $1T mortgage servicing rights portfolio

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Rising mortgage rates have many lenders looking to sell servicing rights, creating an opportunity for a Dallas-based company that now collects payments on $870 billion in loans. Continue reading →

Altisource public stock offering will pay off roughly $20M in debt

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Shares in Hubzu operator touched a new 52-week low Friday after the company released details of its plan to pay off a portion of its nearly $200 million in debt. Continue reading →

Should you buy down your mortgage? The Real Word

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This week, Byron Lazine and Nicole White are talking about buying down mortgages, investing in your real estate business and keeping up with current events on The Real Word. Continue reading →

Hubzu operator Altisource raising money in public stock offering

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The debt-burdened company notified regulators in December of plans to raise up to $100 million through a public stock offering. Continue reading →

Mortgage rates inch up from 2023 lows on strong jobs report

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Strong job numbers spark fears that the Fed will need to stick to its guns and continue to raise rates and keep them elevated for some time to fight inflation. Continue reading →

Homebuyer dollar stretching further as rates drop: Zillow

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As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading →