7 money moves to make now for a prosperous 2024
While the last months of the year can be a hectic time in your professional and personal life, it’s also the ideal time to make strategic...
UWM’s profits grow in Q3 as margins improve, volumes decline
UWM Holdings Corporation, the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more...
Mortgage applications ticked up after weeks of decline: MBA
Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. The Fed’s rate hike pause,...
Amid legal uncertainty, MLSs explore cooperative compensation workarounds
As multiple listing services look to navigate potential changes to cooperative compensation following the verdict in the Sitzer/Burnett commission lawsuit trial, some MLSs have preemptively changed...
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...