Falling mortgage rates during the third quarter of 2025 were certainly a boon for the Big Four title insurance firms who all saw title insurance revenue rise year-over-year during the quarter. At First American, which released its earnings in late October, company-wide revenue was up 41% annually to $2.0 billion, while net income rose to […]
Title insurance revenue rises for Big Four firms in Q3 2025 Read More »
bevri.ai, a technology firm focused on applying artificial intelligence to the mortgage industry’s third-party origination (TPO) channel, announced on Monday that it has appointed Jonathon Haddad as CEO. The agentic AI company said in a press release that Haddad’s appointment marks a new phase in its efforts to expand end-to-end automation for brokers and non-delegated
Jonathon Haddad joins bevri.ai as CEO Read More »
Last week, housing inventory levels decreased noticeably, while our weekly pending sales showed a notable increase compared to the same period last year. Was the decrease in inventory primarily due to the seasonal decline in housing stock, or did the increase in demand contribute to lowering the inventory unmbers? Let’s dive into this weekend’s tracker
Housing inventory falls as demand picks up Read More »
FHFA Director Bill Pulte said Friday that Fannie Mae and Freddie Mac will remain in conservatorship, but that the government would seek to sell up to 5% of their shares. Pulte made the remarks at the ResiDay conference in New York City, according to posts on X by ResiClub Co-founder Lance Lambert. Lambert quoted Pulte
Pulte says Fannie, Freddie to remain in conservatorship with IPO plans Read More »
Title and real estate services company Stewart Information Services Corp., owned by SISCO Holdings, has entered into an agreement to acquire the mortgage services of property preservation provider Mortgage Contracting Services (MCS) for $330 million. The transaction, announced Friday, expands Stewart’s suite of services in the property preservation arena, which supports default servicing, while providing
Stewart acquires MCS’s mortgage services business for $330 million Read More »
Opendoor’s recently appointed CEO Kaz Nejatian used the firm’s third-quarter earnings call with investors and analysts to introduce himself and reintroduce the company he has been tasked with turning around. “I’m a computer nerd turned lawyer, turned founder, but I think of myself primarily as a product manager,” Nejatian said during Thursday evenings call. “That’s
Opendoor hits reset: The iBuyer goes full founder mode with new CEO Read More »
The Real Brokerage and its former chief financial officer Michelle Ressler have reached a settlement agreement in the lawsuit Ressler filed in early June 2025. Filed in the U.S. District Court for the Southern District of New York, the lawsuit claims that Real orchestrated Ressler’s termination under false pretenses and replaced her with a less
Real Brokerage settles lawsuit with former CFO Michelle Ressler Read More »
Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a
Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition Read More »
Picture this: a Realtor® walks into a new-home sales office, client in tow, ready to collaborate. The builder’s rep glances up from the desk, wary smile in place. Both sides want the same thing — a sold home — but the air crackles with tension. That moment, repeated across the country, defines one of housing’s
Realtor-builder collaboration survey reveals key frustrations Read More »
Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million
Longbridge posts $8.6M profit, record proprietary reverse volume Read More »