'Scratch and dent' investor Kondaur Capital, an Orange, Calif.-based company, hopes to double its staff size to 400 full-timers by the end of June. According to a recent report in The Orange County Register, Kondaur's CEO is Jon Daurio who used to work for Long Beach Mortgage Corp., the predecessor company to Ameriquest Mortgage. Meanwhile, it was about a year ago that Ameriquest's founder, Roland Arnall, passed away due to cancerâ¦
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.
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.
