Onity Group announced downscaled servicing-rights sales in its Finance of America agreement and reported a drop in earnings due to interest rate and delinquency-related pressures on Tuesday. Processing Content Net income to common shareholders was $7 million, compared with a S&P Capital IQ Pro consensus estimate of $17.8 million. Onity had earned $126 million in […]
Onity Group reduces scope of Finance of America pact Read More »
Analysts have largely forecast political inaction on an additional public offering for Fannie Mae and Freddie Mac until after the midterms, and one recently said odds are the wait could be longer. Processing Content Mizuho initiated coverage of both government-sponsored enterprises with a $10 price target for Fannie and $9 for Freddie. It forecasts two
Fannie, Freddie investors risk ‘zero earnings’ through ’33 Read More »
When doing these surveys over the years a common comment we receive is that they reward those who have high unpaid principal balance totals because they get their loans from areas with elevated home prices. Processing Content To recognize those who do plenty of business, but whose results are not seen in the dollar totals,
2026 Top Producers by number of loans originated Read More »
Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well. Those who didn’t will likely have to raise rates tomorrow unless the underlying bond market makes a significant recovery overnight. Rates
Highest Rates in More Than a Month Read More »
Chase Home Lending is offering a mortgage rate discount for the next two weeks to boost activity in the second half of the spring homebuying season. Processing Content The promotion offers rate cuts of as much as 25 basis points, depending on product and location, on new-home purchases as well as rate-and-term and cash-out refinance
Chase Home Lending offers temporary mortgage rate discount Read More »
Home Equity Conversion Mortgages endorsements fell for the second month in a row in April, although trends show proprietary reverse products are now filling some of the void. Processing Content Endorsements of the Federal Housing Administration-backed product dropped 1.4% between February and March to 2,088 loans from 2,117, maintaining a slowdown that appeared in the
HECMs lose ground to proprietary reverse products Read More »
Looking to buy a home this season? Here’s what you should know. Buyers have more leverage today than they’ve had in years. There are more homes to choose from and, in many areas, sellers are more open to negotiation. But that doesn’t mean competition is gone completely. These days, it varies a lot depending on
4 Ways To Give Your Offer an Edge This Spring Read More »
Roman Ramora has joined eLEND as chief technology and innovation officer, moving into the newly expanded role effective May 4, 2026. In the C-suite position, Ramora will lead eLEND’s technology strategy, including the buildout of its digital lending platform and broader innovation roadmap, the company announced. eLEND, legally known as American Financial Resources (AFR), is sharpening its
eLEND hires Roman Ramora as chief technology and innovation officer Read More »
Stanley Martin Homes announced on Monday that its $221 million, all-cash acquisition of United Homes Group Inc. had closed, immediately scaling its presence in several of the Southeast’s fastest-growing housing markets. With the deal, which was first announced in February, United Homes becomes a wholly owned subsidiary of Stanley Martin, and its common stock has
Stanley Martin closes on its $221M United Homes acquisition Read More »
Photo by AJ Canaria for HousingWire The Gathering Right now, the real estate industry is consumed by consolidation, capital and the next big brokerage model. Century 21 CEO Mike Miedler is focused on a more grounded question: Who will be sitting across the kitchen table from tomorrow’s homebuyer? For Miedler, the answer is not just