Government-sponsored enterprise Fannie Mae announced on Thursday the appointment of Scott D. Stowell, a homebuilding executive with nearly 40 years of industry experience, to its board of directors.“Mr. Stowell brings nearly 40 years of experience in the U.S. homebuilding industry to Fannie Mae’s ac

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. But data shows a slight recovery as mortgage delinquencies fell in the third quarter.That silver lining comes from the Mortgage Bankers Association (MBA)’s National Delinq

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. It delivered adjusted net income of $15 million, or $0.67 per share.The company noted that Q3 2024 marked the fifth consecutive quarter of improved operat

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed.Guild’s current reverse lending division, built off its 2023 acq

After delivering two straight quarterly losses to start this year, mortgage technology company Blend Labs predicted correctly that it would soon move into the black by one key accounting measure, finally delivering a non-GAAP operating profitability third-quarter 2024 earnings.The earnings report, r

One day after Donald Trump’s victory in the U.S. presidential election, officials at the Federal Reserve announced their decision to cut the benchmark interest rate by 25 basis points to a target range of 4.5% to 4.75%, a move that aligned with market expectations. The reduction, made public on Thur

Home prices continue to rise, but they’re rising in slightly fewer areas of the country.Data released Thursday by the National Association of Realtors (NAR) shows that during the third quarter of 2024, home prices grew in 87% of the 226 metropolitan areas analyzed. That share is down from 89% in the

Ginnie Mae announced on Thursday that it will allow relief from its risk-based capital ratio (RBCR) requirements for any mortgage-backed securities (MBS) issuers that effectively hedge the value of their mortgage servicing rights (MSRs). One housing advocacy group said the move will create flexibili

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “Super App.”This conversation has been edited for leng

Who doesn’t have a podcast these days? Anyone with a microphone and a cup of coffee can wax poetic about the ebbs and flows of the industry. We dug for podcast gold to compile our list of the best real estate podcasts to help you level up your business in 2024 — whether you’re a newbie or a seasoned

A stagnant housing market hasn’t held back Zillow’s mortgage business.On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume to $812 million. Compared to the f

Guild Holdings Co., the parent company of Guild Mortgage, sustained a $66.9 million loss in the third quarter of 2024 after delivering a profit of $37 million in the prior quarter. Meanwhile, its origination volume increased to $6.9 billion, up 6% from the second quarter and 49% higher than the same

Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday that it has increased its wholesale royalty from $3.50 to $4.95 per score for mortgage originations. The mortgage industry is now bracing fo

Donald Trump has won the 2024 presidential election and will become the 47th President of the United States. But what could a change in administration mean for the real estate industry that is keeping a close eye on Nov. 26, when the National Association of Realtors’ (NAR) commission lawsuit settlem

Jim Cory, managing director of reverse mortgages at Guild Mortgage, has been in the industry for the better part of three decades. He is a longtime member of the National Reverse Mortgage Lenders Association (NRMLA), and he was recently elected as its co-chair alongside Mike Kent of PHH Mortgage Cor

There is likely to be a “modest” amount of excess home supply driven by demographic changes as older homeowners move out of their homes or die. But the aging U.S. population is not expected to be an outright source of change to home-price projections over the next 10 years, according to a newly upda

Mortgage professionals can expect a transformed regulatory environment for the financial sector as Donald Trump returns to the White House in January. This includes an increased likelihood of Fannie Mae and Freddie Mac being released from conservatorship along with immediate shifts in agency leaders

Fathom Holdings, the parent company to Fathom Realty, announced a new promotion in its executive leadership team. On Wednesday, the firm hired former senior vice president of finance Joanne Zach as chief financial officer.After starting with Fathom in 2021, the new CFO worked directly alongside CEO

A lot has been said during this election cycle about housing affordability as a potential difference-maker, with both major party presidential candidates giving more attention to housing issues than in other recent campaigns. But now that the results have largely been tabulated, voters appeared to b

loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity.As a result, loanDepot is retiring its Vision 2025 strategic plan, wh