Bonus Homes CEO: 'We want to be the don't-sell solution'
Bonus Homes might be an industry first model, investing in a seller's equity to take on the home as its landlord and paying out appreciation over time
by Craig C. Rowe Mar 25
US could sweep Fannie, Freddie stakes into sovereign wealth fund
Some experts are intrigued by the idea floated by Treasury Secretary Scott Bessent, saying it could help put the mortgage giants on sound footing without boosting mortgage rates
by Matt Carter Mar 24
Trump administration lifts FHA appraisal bias protections
Lenders are no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a 'reconsideration of value'
by Matt Carter Mar 21
Top Freddie Mac, FHFA executives dismissed in latest shakeup
Among those dismissed were Freddie Mac CEO Diana Reid and Head of Human Resources Dionne Wallace Oakley. FHFA COO Gina Cross and HR Director Monic Matthews were placed on leave
by Richelle Hammiel Mar 21
Title insurance titan Bill Foley's investment firm is in a proxy fight
Activist investor Dan Gropper claims Cannae Holdings' 'vague and undifferentiated' approach to acquisitions and 'egregious governance practices' have cost shareholders nearly $1B
by Matt Carter Mar 20
Surprise Fed move takes some pressure off of mortgage rates
Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they're more worried about inflation than they were in December
by Matt Carter Mar 19
Better's losses shrink as AI boosts 2024 loan volume, revenue
CEO Vishal Garg is optimistic about the future after cutting mortgage lender's annual net loss by 61%, to $206M, growing loan production by 19%, to $3.6B, and revenue by 50%, to $108M
by Matt Carter Mar 19
Pulte chair of Fannie, Freddie after 14 board members are purged
Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion Bill Pulte launches a campaign to cut alleged wasteful spending at the mortgage giants
by Matt Carter Mar 18
AI smoothing mortgage income and employment verifications
Philadelphia-based mortgage technology provider Xactus claims its AI-powered Intelligent Verification Platform allows lenders to transform their workflows, make smarter decisions
by Matt Carter Mar 17
Bill Pulte confirmed to lead Fannie and Freddie's federal regulator
Mortgage industry groups support the Trump administration's picks to lead the FHFA and CFPB, but questions remain about the prospects for dramatic policy shifts at the agencies
by Matt Carter Mar 14
Inflation, job worries drive 'horrific' consumer confidence report
Republicans are less worried about the future than Democrats and Independents, but 'consumers from all 3 political affiliations are in agreement that the outlook has weakened since February'
by Matt Carter Mar 14
Porch Group bolsters executive team as profits keep rolling in
Property insurance and home warranty provider announces 4 additions to its executive team to keep the momentum going after putting together 2 consecutive profitable quarters
by Matt Carter Mar 14
Fathom Realty lifts agent count by 21% — but posts $22M loss in 2024
Fathom CEO Marco Fregenal says revenue growth from My Home Group deal and smaller brokerage walkovers has company on track to achieve positive adjusted earnings in Q2 2025
by Matt Carter Mar 12
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
by Matt Carter Mar 12
LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook
While mortgage originations were up 34% from a year ago, to $7.2B, shares dip below 12-month low after company executives said they don't expect Q1 2025 lending to surpass $5.5B
by Matt Carter Mar 11
Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11