Revenue from Blend's biggest business, its mortgage software suite, fell 6% in 2024 to $73.3M. A 42% increase in consumer banking suite revenue, to $33.7M, more than made up the difference
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29%, to $101.2B. Higher profit margins on those loans helped boost net revenue by 34%, to $5.1B
Dec. 23 RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed 'without prejudice' by the CFPB's new leadership
In a year when home sales hit a 3-decade low, the nation's biggest mortgage lender racked up a $329M profit and made $96.1B in loans to homebuyers -- the company's best year ever
There's rising anxiety among investors and consumers about the potential impacts of a trade war, surveys show, with stock prices and bond yields retreating as March 4 deadline looms
$17.3M Q4 2024 net loss is a 28% increase from the previous quarter, as homes acquired dipped 9% to 384, and homes sold fell 18% to 503. Profits on each sale were also down 24%
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation
Trump administration silent on details but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40% of FHA's workforce are set to be laid off as part of cost-cutting initiatives
RocketRentRewards lets homebuyers earn closing cost credits equal to 10% of their verified rent payments over the past year — about $2,160 for those paying the average $1,800 in rent
After surprise inflation report, Trump administration says the Fed's interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies
Constellation Data Labs will provide active property listings and public records to a broader range of industries including mortgage lenders, asset managers and insurers
While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers
After posting $33M in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations tech that handles a majority of its customer inquires
Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7M homeowners, a business that generated $393M in pretax income during Q4
Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word
In a flurry of activity, the cloud banking solutions provider appointed Sean Desmond as CEO while granting a big shareholder, HMI Capital Management, a seat on its expanded board of directors
Mortgage giant's 60-second 'Own the Dream' Super Bowl ad featured a live singalong by thousands of fans in New Orleans to John Denver's 'Take Me Home, Country Roads'
Homebuilders already sounding the alarm on the potential impact on housing costs if Trump follows through on threats to impose duties on Canadian wood and Mexican gypsum
Congressional Democrats vow to fight moves to 'unlawfully delete this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans'
