Picture this: a Realtor® walks into a new-home sales office, client in tow, ready to collaborate. The builder’s rep glances up from the desk, wary smile in place. Both sides want the same thing — a sold home — but the air crackles with tension. That moment, repeated across the country, defines one of housing’s […]
What Realtors really think about working with builders Read More »
Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million
Longbridge posts $8.6M profit, record proprietary reverse volume Read More »
Opendoor is teaming up with Roam, a platform that enables homebuyers to purchase homes with assumable low-rate mortgages, according to an announcement on Friday. Through this partnership, Roam’s assumable mortgage tools and transaction support will be available to homebuyers shopping for homes on Opendoor’s platform. “Opendoor completely reimagined the way that consumers buy and sell
Opendoor, Roam team up to expand assumable mortgage access Read More »
The National Association of Realtors (NAR) continues to shake up its executive team. On Friday, the firm announced the appointment of its first-ever Chief Data Officer David Conroy. In addition to serving at CDO, Conroy will also serve as the senior vice president of strategy and innovation. The trade group said that Conroy’s appointment marks
David Conroy rejoins NAR as first-ever chief data officer Read More »
The third quarter of 2025 was a strong one for eXp World Holdings, the parent company of eXp Realty. During the quarter, the Glenn Sanford-founded firm reported $1.3 billion in revenue, an increase of 7% year-over-year, and a net income of $3.5 million, an improvement over the $6.481 million net loss recorded a year ago.
eXp reports strong Q3 2025: revenue growth, agent productivity Read More »
Wednesday’s mortgage rates were the highest in roughly a month and very close to the highest levels in 2 months. This followed stronger economic data on that same morning. Rates moved back down yesterday after separate econ data told a different story. Now on Friday, it’s a mixed bag. The underlying bond market was slightly
Mortgage Rates Rise Gently, But Still Well Below This Week’s Highs Read More »
Bill Pulte said the government-sponsored enterprises will see partnerships emerge as he eyes their money-making potential, while also upping criticism of homebuilders and the Fed chair at a housing conference Friday. In a call with attendees at the Residay 2025 conference in New York, the Federal Housing Finance Agency director pointed at the recent Trump
Pulte suggests new Fannie Mae, Freddie Mac business deals Read More »
Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Andrew Harrer/Bloomberg Key Insight: The five-year consent order that was settled in late 2023 was ended nearly three years early by the Trump administration. Supporting Data: TransUnion already paid a $5 million-dollar fine and $3 million in
CFPB makes early exit from consent order against TransUnion Read More »
A loan program allowing homeowners to pay for clean energy upgrades through property tax bills will still be subject to tighter lending rules next year, a federal judge ordered. The Property Assessed Clean Energy (PACE) program allows borrowers to pay for home improvements, from storm hardening to solar panels, via future property tax assessments. The
Effort to halt CFPB’s new PACE rules hits roadblock Read More »
Key insight: Consumers’ use of home equity lines of credit is rapidly growing, as homeowners look to tap into the value of their houses, but banks are losing market share. Supporting data: Banks hold just under two-thirds of total HELOC debt, compared with the more than 80% they held some 15 years ago. Forward look:
Banks are losing share in rapidly growing HELOC market Read More »