Originations

The property owner obtained bogus loans on a portfolio spanning 2,500 apartments across more than 70 multifamily properties, prosecutors said.

The move could help expand the use of a program intended to aid underserved renters.

The bank’s grant programs include providing funding to increase housing developer diversity and for counseling services.

Monthly growth for home equity conversion mortgages was observed across the country, with the Eastern U.S. seeing a significant uptick.

The real estate franchisor's stock price fell by $16.85 per share since the deal was announced in January, making it a less attractive currency.

But the share of homes purchased by those under age 30 has fallen steadily after peaking in 2020 as prices accelerated.

Following steep quarterly and annual losses, executives were optimistic that new revenue estimates are achievable in a rising interest rate environment, especially as customers transition to the Blend Title platform from Title365.

Broader hiring remained relatively strong and unemployment fell to a pandemic low during March, but a yield curve inversion — which can signal a recession — is concerning some.

The new futures contracts can be used to mitigate risk on both the origination pipeline and the mortgage servicing portfolio.

The company, which returned to the business at the end of 2016, is looking to be in all 50 states by the end of the year.