Ellington Financial, parent company of top 10 reverse mortgage lender Longbridge Financial, reported a lower economic return for the fourth quarter of 2023, which was partially driven by net losses from Longbridge “and other positions,” according to CEO Laurence Penn. Penn added, however, that Longbridge is in the process of regaining profitability, and some of […]
EasyKnock completed a $28 million Series D funding round, the company announced on Wednesday. Northwestern Mutual Future Ventures, the venture capital arm of financial services company Northwestern Mutual, joined as an investor in this round. With its newest influx of capital, EasyKnock aims to advance the development of its platform by honing its suite of […]
As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers. The watchdog group reached this conclusion in a […]
Mortgage originators who seek success in 2024 need to move with confidence and adaptability. To reach strategic goals for the year ahead — and avoid
Upon examining the financial performance across various gross revenue categories, 2023 reveals a distinctive pattern in net operating percentages as they relate to increasing revenue
Mortgage rates have risen recently but they could be much worse than they are today. As someone who doesn’t believe the Federal Reserve has pivoted
Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research,
The U.S. Department of Housing and Urban Development (HUD) on Friday announced a series of funding opportunities totaling roughly $3.86 million, which will go toward
The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released
New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). While this figure represents a 1.5% increase from the revised December rate of 651,000, it falls slightly below
Mortgage originators who seek success in 2024 need to move with confidence and adaptability. To reach strategic goals for the year ahead — and avoid being left behind — here are four strategies for originators to consider. 1. Identify potential market impact The mortgage market is feast or famine, with
Upon examining the financial performance across various gross revenue categories, 2023 reveals a distinctive pattern in net operating percentages as they relate to increasing revenue levels, according to the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. This report covers the
Mortgage rates have risen recently but they could be much worse than they are today. As someone who doesn’t believe the Federal Reserve has pivoted and that the Fed enacted a COVID-19 housing policy to keep existing home sales depressed, It’s not shocking to me that rates are still this
Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research, the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which comprises Southern New Hampshire and
The U.S. Department of Housing and Urban Development (HUD) on Friday announced a series of funding opportunities totaling roughly $3.86 million, which will go toward organizations aiming to boost housing inventory and availability through methods including off-site construction and office-to-residential conversions. “As we’re seeing more and more, our nation’s housing