loanDepot is making more leadership changes following the return of founder and majority stakeholder Anthony Hsieh as CEO. Tom Fiddler has been promoted to president of retail lending while Dan Peña will serve as president of partnership. John Bianchi, the executive vice president of retail production since 2019, will depart the company. These moves come […]
loanDepot shakes up leadership after Hsieh’s comeback Read More »
The United States faces a pressing dual challenge: an aging population at risk of social isolation and a housing market that has struggled to keep pace with evolving care needs. Traditional senior housing models often separate rather than connect, leaving many older adults without meaningful community and compounding the emotional toll of aging. At the
loanDepot on Thursday reported that its second-quarter 2025 revenue increased by 3% to $283 million and adjusted revenue increased 5% to $292 million compared to the prior quarter. loanDepot’s first quarter saw the return of loanDepot founder and executive chairman Anthony Hsieh to the day-to-day operations at the California-based lender. The company’s second quarter marks the first quarter that Hsieh
With Hsieh in the driver’s seat, loanDepot posts revenue of $283M Read More »
President Donald Trump announced Thursday that he will nominate Stephen Miran — his top economic adviser — to fill a vacant seat on the Federal Reserve‘s Board of Governors following last week’s resignation of Adriana Kugler. Miran, who currently chairs the White House Council of Economic Advisers, is being appointed to serve the remainder of
Trump taps economic adviser Stephen Miran for Fed board seat Read More »
LPT Realty founder Robert Palmer is launching his latest venture — Aperture Global Real Estate — in Big Sky, Montana. Aperture, the luxury affiliate of LPT Realty, has established a presence in 17 U.S. states and four international cities. The firm’s expansion comes on the heels of Palmer’s success with LPT Realty, which rose to
Aperture Global Real Estate expands into Montana Read More »
The price gap between new and existing homes fell to a record low in the second quarter of 2025 — making newly built properties a more affordable option for many buyers, according to Realtor.com’s quarterly new construction report released Thursday. The nationwide premium for new homes dropped to 7.8% as builders held prices steady while
Realtor.com: Price premium for new homes sinks to all-time low Read More »
Cypress Loan Servicing has reached a $2 million settlement with the Massachusetts Attorney General’s Office (AGO) over allegations that it violated state foreclosure prevention and consumer protection laws. According to the AGO, Cypress — formerly known as Rushmore Loan Management Services — allegedly put homeowners at unlawful and unnecessary risk of foreclosure by violating Section
Cypress Loan Servicing settles foreclosure case for $2M Read More »
Today, we had another new low in mortgage rates. It was nothing too drastic, just a 0.2% drop from 6.57% to 6.55%, but it’s on a day that the 10-year yield is currently flat to higher, which means mortgage spreads made the difference today. Just like in 2024, mortgage spreads don’t always get the recognition
Better mortgage spreads lead to the lowest rates of 2025 Read More »
A United Kingdom-based real estate agency has introduced personalized audio summaries as a new way for prospective homebuyers to revisit property viewings. Plans are reportedly in the works for a U.S. release. Ashton Stripp, an agency based in Sussex, is now sending custom “podcasts” to individuals who attend viewings. The recordings are roughly three to
AI tool creates ‘podcasts’ for real estate listings Read More »
Better Home & Finance Holding Co. announced its second-quarter 2025 earnings on Thursday. The company revealed that it’s still operating at a loss, but it showed clear improvement in the second quarter as revenue grew, loan volume rose and its tech offerings expanded. In its earnings call on Thursday, Better disclosed a $36 million net
Better’s losses are shrinking. It could break even by late 2026 Read More »