Better Home & Finance remains squarely in the red, but executives remain adamant the company will hit a long-promised benchmark this year. Processing Content The lender recorded quarterly and annual growth in revenue and originations but still posted a $70 million net loss for the first quarter, it said Thursday. That mark includes a $20.9 […]
Better is deep in the red despite origination, revenue gains Read More »
Zillow Group Inc. shares dropped as much as 9% in post-market trading on Wednesday after the company forecast second-quarter profit that missed Wall Street expectations, citing legal and advertising expenses and a flat housing market. Processing Content The online real estate marketplace sees second-quarter adjusted earnings before interest, taxes, depreciation and amortization in a range
Zillow drops as profit view misses on legal, ad costs Read More »
Compensation for leaders at publicly traded mortgage giants wavered last year, although a few executives received massive stock awards. Rocket Cos. CEO Varun Krishna led the field with $52.9 million in total compensation in 2025, according to the company’s annual report. Like his peers however, the majority of his earnings came in stock-related awards, although
The highest paid mortgage executives in 2025 Read More »
A bank is fighting the Federal Reserve Board of Governors to roll out a loan program involving real estate purchases that the lender says it needs to compete with local independent mortgage banks. Processing Content Upstate New York-based Canandaigua National Corp. is contesting the Fed Board’s decision in the 2nd U.S. Circuit Court of Appeals,
Bank fights Fed to offer cash guarantee mortgages Read More »
Fannie Mae has reported a jump in its retained portfolio size that investment professionals at Rithm have recently noted is the largest seen since the Great Financial Crisis. Processing Content The government-sponsored enterprise retained a combination of loans and mortgage-backed securities totaling nearly $168.74 billion in March, up considerably from the previous month’s $150.39 billion.
Fannie Mae’s portfolio surge is the biggest in over a decade Read More »
Key insight: Insurance company borrowing from the Federal Home Loan banks hit a record $177.8 billion last year, a 10% jump from borrowing levels in 2024, which itself was a 13% increase over 2023. What’s at stake: Insurers are utilizing “spread investing” programs to secure low-cost cash advances from the system and reinvest into higher-yielding
Is private credit a new risk for the Federal Home Loan banks? Read More »
U.S. home equity levels pulled back to start the year, with the number of underwater mortgages now at its highest point since early 2022, according to real estate data platform Attom. Processing Content The share of seriously underwater properties across the U.S. increased to 3.2% in the first quarter, Attom researchers said in a new
Underwater mortgage rate hits 4-year high mark Read More »
Three women with prominent roles in the reverse mortgage industry took the stage Tuesday at the Reverse Mastermind Summit in Knoxville, Tennessee, sharing personal stories while converging on sales advice around the power of narrative, the importance of relationships with financial planners and the need for higher professional standards. Christine Jensen of Fairway Home Mortgage
Women take the leadership reins at Reverse Mastermind Summit Read More »
HomeServices of America has named industry veteran Jason Waugh as successor to HSF Affiliates CEO Vince Leisey, with a leadership transition expected to begin in 2027, the company announced Wednesday. HSF Affiliates is the franchisor of the Berkshire Hathaway HomeServices real estate network, which has been in expansion mode in recent years as large brokerage
HomeServices names Jason Waugh as next HSF Affiliates CEO Read More »
After years of pushing housing affordability reforms, Colorado legislators hit a wall — crashing up against the limits of how much zoning control they could strip from local governments. This year, they sought to require most cities to allow single-family homes on lots as small as 2,000 square feet, about a third the size of
State zoning preemption tested as Colorado lot bills fail Read More »