Key insight: Banks made $80.5 billion in the first quarter, with the rate of lending at its fastest pace in years. Supporting data: The net interest margin industry-wide fell by 8 basis points to 3.31% Expert quote: “We’ve had several consecutive quarters of very favorable banking conditions, but at the same time we’re always mindful […]
Bank earnings rise in Q1, though margins tightened Read More »
The late, legendary Bob Toll once laid bare the fact that he was personally incapable of installing a curtain rod in a living room, let alone knowing the first thing about building a home from the ground up. What Bob did intuit was that the second-floor walls of a typical 1960s two-story home could be
Toll Brothers lifts 2026 delivery outlook as luxury demand holds Read More »
Redwood Trust has priced a $125 million debt offering, with some of the proceeds going to fund its three mortgage banking platforms, the company said. Processing Content The 9.75% senior notes due 2031 will be traded on the New York Stock Exchange, if approved, starting 30 days after issuance. The deal is expected to close
Redwood Trust adds debt to fund growth in mortgage channels Read More »
Independent mortgage bankers achieved origination profitability for the fourth consecutive period in the first quarter, but at the same time, costs increased as well, the Mortgage Bankers Association said. Processing Content IMBs and bank mortgage subsidiaries reported an average pretax net production profit of $727 per loan, compared with a net production profit of $674
IMBs stay profitable, but costs climb in Q1 Read More »
The title insurance business is reliant on mortgage application activity to drive its results. The Mortgage Bankers Association’s April forecast reported an over 100,000 decline in unit volume of mortgage originations between the fourth and first quarters, from 1.57 million to 1.46 million. Processing Content Still for the four largest title underwriting families, the first
Fidelity, First American, Stewart, Old Republic report 1Q results Read More »
Figure Technology Solutions reported a profitable start to 2026, driven by new partnerships on its blockchain-backed loan and capital marketplace, and signaled a potential future mortgage offering. Processing Content The New York-based fintech reported net income of $45 million in the first quarter, almost tripling its gain from $15.1 million three months earlier. The latest
Figure drops hints of future mortgage product Read More »
Figure Technology Solutions reported first-quarter net income of $45 million as the blockchain-based lending marketplace nearly doubled revenue and more than doubled consumer loan marketplace volume year-over-year. The company said on Tuesday that its consumer loan marketplace volume rose 113% year over year to $2.9 billion in the quarter ended March 31. Figure Connect volume
Figure posts strong Q1 on surge in blockchain lending activity Read More »
Reflecting both the unusually strong fourth quarter for home loan originations and the volatile rate environment for the period just ended, private mortgage insurers wrote 13% less business versus three months prior. Processing Content Still, with mortgage rates going to the low 6% range from near 7% one year ago, the six active underwriters did
Mortgage insurers end 1Q26 below expectations for volume Read More »
Strong financial results for Realtor.com operator Move underscored solid earnings for Move parent company News Corp during the third quarter of fiscal year 2026, which ended March 31. During the quarter, News Corp recorded a 9% annual increase in revenue to $2.19 billion, which it attributed to growth in its digital real estate services, Dow
Realtor.com operator sees revenue rise 10% in News Corp’s Q3 earnings Read More »
Loandepot has filed a $250 million shelf registration, setting up potential future funding for its operations or repayment of debt. Processing Content The lender and servicer filed the form with the Securities and Exchange Commission Thursday, two days after it revealed a larger net loss for the first quarter. According to the latest filing, the
Loandepot files $250 million shelf registration Read More »