Fathom Realty lifts agent count by 21% — but posts $22M loss in 2024
Fathom CEO Marco Fregenal says revenue growth from My Home Group deal and smaller brokerage walkovers has company on track to achieve positive adjusted earnings in Q2 2025
by Matt Carter Mar 12
Encouraging CPI inflation report does little for mortgage rates
Homebuyers have responded to a pullback in mortgage rates from January highs, but tariffs on imported goods could keep inflation elevated and halt the downward trend in rates
by Matt Carter Mar 12
LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook
While mortgage originations were up 34% from a year ago, to $7.2B, shares dip below 12-month low after company executives said they don't expect Q1 2025 lending to surpass $5.5B
by Matt Carter Mar 11
Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11
Tomo Mortgage secures $20M in Series B funding round
Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20M in a Series B funding round, bringing its total investment to $130M, company executives announced Tuesday
by Richelle Hammiel Mar 11
Krishna, Kelman dish on the future of 'the Rocket-Redfin experience’
Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman share why they've agreed to merge as part of a $1.75B acquisition. AI, data and a complete consumer experience were at the center
by Taylor Anderson Mar 11
Rocket Companies to purchase Redfin in $1.75B all-stock deal
This acquisition will integrate Redfin's home search platform, which features over 1M listings and a network of 2,200 agents, with Rocket Companies' mortgage origination and servicing
by Richelle Hammiel Mar 10
A small but growing minority think it's a good time to buy a home
While only 1 in 4 Americans surveyed last month by mortgage giant Fannie Mae said its was a good time to buy a home, that's up from an all-time low of 14% last spring
by Matt Carter Mar 7
US home lending giant Rocket Mortgage bidding Canada adieu
Canadian mortgage strategist blames the country's securitization market, which allows the country's 6 biggest banks to sell mortgages to investors but is closed to smaller lenders
by Matt Carter Mar 7
Hsieh returns to LoanDepot as Frank Martell steps down as CEO
Martell will transition into a board advisory role by June, and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday
Weak February jobs report moves the needle on mortgage rates
Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1%
by Matt Carter Mar 7
Focus on homebuyers helps Guild swing to $97M 2024 profit
$24B in 2024 mortgage production represents Guild's biggest year since the pandemic-fueled refinancing boom, helping the San Diego-based lender bounce back from $39M 2023 loss
by Matt Carter Mar 6
Picture of HUD Secretary Scott Turner speaking at a podium.
The moratorium on foreclosures and evictions for wildfire victims with FHA-backed single-family mortgages will be extended until July 7, 2025, HUD announced Thursday
National Flood Insurance Program set to expire at midnight March 14
As the March 14 debt ceiling deadline and potential government shutdown looms, Republican Sen. John Kennedy introduces bill to reauthorize the NFIP under its current form until Sept. 30
by Matt Carter Mar 6
Help clients get spring deals done with an assumable mortgage
Get buyers off the fence and help sellers market their homes more effectively when you tap into the potential of assumable mortgages, Troy Palmquist writes
by Troy Palmquist Mar 6
Homebuyers and homeowners jump on big drop in mortgage rates
Requests to refinance surged 37% last week and were up 83% from a year ago after the biggest 1-week decline in mortgage rates since November, the MBA's latest weekly lender survey shows
by Matt Carter Mar 5