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Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.

AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.

An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.

If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.

Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.

Greg Abel's first major deal at the helm of Berkshire Hathaway Inc. wasn't just a way to put a dent in a nearly $400 billion cash pile. It was also a bet on the American Dream.

The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.

The lender posted another deep eight-figure loss in the second quarter, and will miss a breakeven goal later this year, interim CEO Daniel Lewis said.

Its success in a tough quarter was not just financial as it gained market share in both purchase and refinance volume to regain the No. 1 originator slot.

After shedding nearly 30% of its workforce in 2022, Envoy has leaned into a referral- and affiliate-based business model through strategic investments.