Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.
Analysis and Data
Latest MBA survey shows purchase and refinance applications still lagging, with 17% and 6% respective decreases YOY
CFPB study finds junk fees impede fair and competitive pricing for mortgages.
Meanwhile, Texas and Florida see slower home price appreciation due to inventory gains, CoreLogic reports.
New research by Point2 finds a 446% jump in households earning seven-figure salaries.
Fannie Mae's latest Home Purchase Sentiment Index (HPSI) was unchanged in April at 71.9.
Bank of America study indicates entrepreneurs expect to make more money this year.
Expenses to fix title issues increase, but the cost of coverage is down since 2004.
Redfin report shows low-income earners represented just 20.6% of all mortgages in 2023
CEO Krishna looks to capitalize on consolidation in this "winner-takes-all market"