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Remax Holdings had net income of $3.7 million, up from $2 million one year prior, but a non-GAAP measure used for the mortgage business showed a near $200,000 increase in losses.
August 9 -
The company's mortgage segment, Zillow Home Loans will be its primary emphasis going forward, leaders said in their earnings report.
August 9 -
The lender and servicer saw origination volume jump to $6.5 billion as of June 30, up from $3.9 billion the previous quarter.
August 8 -
Moderating interest rates in the first quarter led to changing fortunes from 2022 and 2023, a Transunion report said.
August 8 -
The 30-year fixed rate loan was down 26 basis points as investors reacted early in the week to the employment numbers, according to Freddie Mac.
August 8 -
A study shows a need for brokerages to transform their operations, finding that 79% of them will become unprofitable when the National Association of Realtors' settlement reduces commission rates.
August 8 -
Additions to product menus for cash-out refinancings, adjustable-rate loans and jumbos drive the increase in availability, the Mortgage Bankers Association said.
August 8 -
Appraisal appeal rules announced by Fannie Mae, Freddie Mac and FHA set to go into effect in three weeks, will now be required starting on Oct. 31.
August 7 -
The reverse mortgage lender is closer to profitability and plans to maintain its New York Stock Exchange listing status, executives said in an earnings call.
August 7 -
One California insurer received an approved rate change for 56.4%, an increase affecting over 17,000 borrowers.
August 7 -
Rule changes would come after a fraud investigation uncovered falsified numbers at a leading finance firm, according to the Wall Street Journal.
August 7 -
Falling rates provided a boost for the refinance market, with activity hitting a two-year peak, according to the Mortgage Bankers Association.
August 7 -
The parent of United Wholesale Mortgage came in two cents lower on operating earnings, which does not take into account a drop in mortgage servicing rights valuation.
August 6 -
The country's renter population is dramatically outpacing the growth in homeowner households due to a multifamily construction boom that's limited price gains.
August 5 -
Mortgage bonds tend to lag Treasuries when it's unclear where rates are going, because changes in yields can have a big impact on how many borrowers refinance their home loans.
August 5 -
Market turmoil is driving the 10-year Treasury yield downward and taking mortgage rates with it, putting more borrowers in the money to refinance, Intercontinental Exchange said.
August 5 -
A court finalized Zillow and Showingtime.com's voluntary dismissal of the case, which has been part of broader litigation over multiple listing service access.
August 5 -
Escalating unaffordability is not the only issue originators face. How can lenders support their loan officers, and navigate the numerous challenges in the today's housing market?
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New insurance written in the second quarter was only 2% lower year-over-year, the smallest drop in nearly three years.
August 5 -
There were reports of rates plummeting after new numbers Friday showed a notable drop in overall jobs but then moderating later in the day.
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