DataDigest: iBuyers slide farther from hyped market disruption
“Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. presentation to investors in the blank-check SPAC that took the company public in 2020.
Offerpad...
A look at the mortgage hot topics for 2024
As we plan for a gradual cycle turn in 2024, a few hot topics feel especially hot right now. What’s next for the inflation fight and...
FHFA aims to overhaul FHLBank system ahead of 2032 centennial: report
On Tuesday, the Federal Housing Finance Agency (FHFA) released a report that examines the Federal Home Loan Bank (FHLBank) system, looking back at its 90-year legacy...
Immunity or liability? Antitrust experts weigh in on commission lawsuit settlement outcomes
Speculation is still swirling around the proposed commission lawsuit settlement agreements reached by RE/MAX and Anywhere in the Sitzer/Burnett, Moehrl and now Nosalek lawsuits.
The settlement agreements...
Blend narrows loss to $21M in Q3, reaffirms path to profitability in 2024
Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business.
Its mortgage business...
loanDepot reports a $26M loss in Q3, expects lower volumes ahead
loanDepot, the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities...
loanDepot promotes David Smith to vice president of national VA lending
loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday.
In this role, Smith, a former...
Banks report tighter lending standards for mortgages, HELOCs in Q3
Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of...
Newrez launches mortgage JV with $4B Keller Williams group in New Jersey
Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners, in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey,...
Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate
West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate in Redmond, Washington. The acquisition brings 43 additional...