In a social post on Saturday, President Trump floated the idea of a 50-year mortgage to boost housing affordability, but the idea got a frosty reception online. One reason is that stretching the loan term out that long ends up costing much more in interest over the life of the loan while only shaving a […]
A 50-year mortgage could double your interest payment Read More »
Trump on Saturday posted an image on social that seemed to suggest he would be proposing 50-year mortgages, something FHFA Director Bill Pulte confirmed shortly after on X. The image Trump posted on Truth Social features a head shot of President Franklin Delano Roosevelt under the title 30-year mortgage, and his own head shot under
Trump proposes 50-year mortgage to help affordability Read More »
Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a
Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition Read More »
loanDepot reported a smaller loss in the third quarter as higher loan volumes, improved margins and increased servicing income boosted its results. Revenue for the California-based mortgage lender rose 14% from the previous quarter to $323 million, while adjusted revenue increased 11% to $325 million. Pull-through weighted gain-on-sale margins rose 9 basis points to 339
loanDepot’s Q3 loss narrows as revenue climbs 14% Read More »
Blend Labs Inc. shared its third-quarter earnings on Thursday afternoon, posting revenue of $32.9 million from July to September, down 1% on an annual basis. The company reported a GAAP gross profit margin of 74% in the third quarter, unchanged from the same period in 2024. Non-GAAP gross profit margin rose to 78%, up from
Blend Labs reports shrinking mortgage revenue even as its partnerships gain steam Read More »
Guild Holdings Co., the parent company of Guild Mortgage, announced its Q3 2025 earnings on Wednesday afternoon, posting a net revenue of $307.4 million that compared favorably to figures of $279.4 million in Q2 2025 and $159.3 million in Q3 2024. Guild’s net income for the third quarter was $33.3 million, compared to $18.7 million in
Guild sees Q3 revenue surge to $307.4M ahead of Bayview transaction Read More »
The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac. Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte said he had tasked Barry Habib — the MBS Highway
Mortgage industry backs LLPA changes but is divided over priorities Read More »
Extreme weather events are now more than just an occasional disruption; they are redefining the landscape of housing finance. And, the frequency and intensity in which these events occur, combined with rising insurance and utility costs, fluctuating property values, and shifting housing rates, provide challenges for lenders looking to effectively streamline operations, mitigate risk, and
Financial services platform Robinhood and Sage Home Loans announced an exclusive offer on Monday, allowing Robinhood Gold subscribers to access mortgage rates at least 0.75% below the national average, along with a $500 credit toward closing costs on a new home purchase or refinance through Sage Home Loans. Gold subscribers are described as a subscription-based
Robinhood partners with Sage Home Loans for exclusive offer Read More »
After a decade of home price growth, many homeowners today are sitting on a mountain of equity. Tappable equity hit a record high in Q2 of this year, when 48 million mortgage holders reportedly had an average of $213,000 in accessible value. That growing equity has translated into a renewed interest in home equity (HE)
The need for speed: Delivering faster home equity turn times Read More »