Finance of America (FOA) continued its recent streak of growth in the second quarter of 2025, funding $602 million in mortgages and producing $80 million in net income. FOA, one of the nation’s leading reverse mortgage lenders, exceeded the top end of its stated quarterly guidance for investors as the $602 million in volume from […]
Finance of America reports $80M profit, buys out Blackstone Read More »
There is nothing more excruciating to a title agency owner than the uncertainty engendered by a chaotic and unpredictable economic environment. Welcome to 2025, where continued economic volatility and the prospect of a recession continue to exert their impact on real estate markets. On the upside, employment numbers have remained steady, and housing inventory has
The San Francisco Association of Realtors (SFAR) has partnered with Collov AI to provide its more than 4,000 members access to artificial intelligence-powered virtual staging tools. Beginning this week, the tools will be available directly through SFAR’s multiple listing service platform. The technology allows real estate agents to transform empty rooms into photorealistic, professionally designed
San Francisco Realtors add virtual staging tools Read More »
Mortgage applications don’t always fail with a formal rejection — many simply stall. A report released last month by Cotality found that homebuyer hesitation often predicts loan fallout, even without an official withdrawal. As a result, the property analytics firm found that 16% of buyers “ghosted” their mortgage applications last year — a trend attributed
Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit Read More »
Hundreds of affordable housing programs across California may be in legal jeopardy after a new federal lawsuit challenged the constitutionality of one of the state’s most widely used housing tools. The suit — filed Thursday in federal court in San Francisco and first reported by CalMatters — targets East Palo Alto, California’s “inclusionary zoning” ordinance.
California affordable housing programs face new legal challenge Read More »
UBS Group said on Monday that it will pay $300 million to settle lingering obligations tied to a Credit Suisse deal with the U.S. Department of Justice (DOJ) over the sales of residential mortgage-backed securities (RMBS). UBS inherited the obligations when it acquired Credit Suisse in a 2023 rescue arranged by Swiss regulators. The bank
UBS will pay $300M to settle Credit Suisse case Read More »
Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket
Rocket revamps real estate arm, moves home search to Redfin Read More »
While some brokerages are leaning into the use of private listing networks, luxury firm Douglas Elliman said it does not want private listing networks to become the norm. “At Douglas Elliman, we have a long- standing commitment to offering clients greater choice and flexibility while continuing to promote equal access to listings and uphold a
Douglas Elliman doesn’t want private listings to be the norm Read More »
Cloud-based brokerage LPT Realty and its luxury spinoff Aperture Global Real Estate on Monday announced their reservation of a combined Nasdaq stock ticker as they prepare for an initial public offering. “One step closer to our IPO,” Michael Valdes, the CEO of LPT International, wrote in an Instagram post. “We have reserved the combined ticker
LPT Realty, Aperture Global book their spot on the Nasdaq ticker Read More »
Baird & Warner Real Estate has launched an internal Image Services division to provide real estate marketing visuals in response to the abrupt closure of VHT Studios. The new unit will be led by Shannon Lange — former area sales and account manager for VHT Studios and Matterport — and a licensed real estate agent
Baird & Warner launches image services division amid VHT Studios closure Read More »