News that Opendoor CEO Carrie Wheeler is leaving the company boosted the company’s stock price to its third-highest level since the run-up began at the start of July. The announcement was made before trading started on Friday morning. When the markets did open, Opendoor began the day at $3.415 per share and in early trading […]
Opendoor CEO Carrie Wheeler exits the meme stock darling Read More »
Lenders looking to cut costs are more willing to lay off their back office staff than slash other business expenses, according to a new Fannie Mae survey. While cost-cutting wasn’t firms’ top business priority, more senior mortgage executives placed prospective layoffs above trimming general and administrative expenses. The findings in the Mortgage Lender Sentiment Survey,
How mortgage executives are thinking of layoffs: Fannie Mae Read More »
Mortgage lenders managed to increase origination volumes earlier in 2025 in a still-sluggish housing market at the same time home equity loans grew at their fastest pace in three years, according to Transunion. Originations climbed up 5.1% on an annual basis in this year’s first quarter to just approximately 980,000 loans, according to the latest
Mortgage lenders see signs of 2025 originations growth Read More »
No one likes waiting to get into the home of their dreams. While many prospective homeowners have been biding their time for weeks, months, even years waiting for the market to shift, many challenges aren’t going away — especially the burden of saving thousands of dollars for a down payment. Fortunately, if you’re an independent
How UWM is shrinking the down payment barrier Read More »
With homeowners seeking low-cost, flexible ways to tap their equity in today’s high-rate environment, HELOCs have become one of the most attractive loan options on the market. Homebridge Financial Services is seizing that opportunity with NFTYDoor, a fully digital HELOC platform that delivers instant decisions through real-time credit scoring, AVM valuations, automated income and title
Inside Homebridge’s NFTYDoor: Bringing instant approvals to the HELOC market Read More »
There’s a silent struggle unfolding across the real estate industry. Property managers are pushing harder than ever for operational efficiency, yet a nagging question remains: why isn’t this translating into true performance? What’s going on, and why are so many falling short? The culprit, I believe, is the “efficiency trap.” It’s an intense, often myopic,
The great paradox of property management: Why efficiency isn’t enough Read More »
Mortgage rates hit fresh long term lows yesterday with the average top tier 30yr fixed rate at the best levels since October 3rd, 2024. There wasn’t anything exceptional about the movement yesterday or on any other day in the past week. Rather, it was the jobs report at the beginning of the month that accounted
Mortgage Rates Mostly Steady Despite Some Market Volatility Read More »
Hedge fund billionaire Bill Ackman is fueling more speculation about President Trump’s suggested Fannie Mae-Freddie Mac merger this fall, but experts debate the near-term benefits. The Pershing Square Capital Management CEO linked the concept to President Trump’s Truth Social post depicting a public offering for a single entity, citing the potential for a government-sponsored enterprise
Experts weigh Fannie-Freddie merger prospects Read More »
A small fish in the pond of fintech-focused mortgage companies is trying to race to the front in the artificial intelligence arms race. And it’s not using a typical ChatGPT-style program either. Future Technologies CEO Blake Bianchi announced on Thursday that the company is launching a full-stack, proprietary AI system that promises to automate the
Future unveils Alpha, an in-house AI mortgage system Read More »
In its quest to bring its loan officer count up to 5,000, NEXA Mortgage announced Thursday that it has brought on Eric Mitchell to assist with its goal. Mitchell will serve as a “key hire” recruiting partner for NEXA, newly appointed chief operating officer Jason duPont said in an interview with HousingWire. “We have [an
NEXA Mortgage hires Eric Mitchell to help boost LO count Read More »