With new CEO, Rocket increases margins, remains profitable in Q3
Amid the most challenging mortgage market in decades, Rocket Companies, the parent of Rocket Mortgage, remained profitable in the third quarter of 2023, showing higher...
Glenn Kelman says Redfin has ‘very good defenses’ for commission lawsuit
Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not...
loanDepot accuses ex-COO Tammy Richards of stealing customers’ information
California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the...
What an appeal of the $1.8B Sitzer/Burnett commission lawsuit verdict will look like
While much remains unknown in the wake of the verdict in the Sitzer/Burnett commission lawsuit case, the one certainty is that all three...
How proptechs are adapting in a changing market
My, how things have changed. Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract...
Smart Rate, Michael Strauss no longer authorized to do business in Illinois
Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. Meanwhile, Michael Strauss, its only loan officer, now has an...
ICE’s mortgage business outperforms in Q3 despite industry tailwinds
Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s...
MISMO president on getting control of your AI
HousingWire Editor in Chief Sarah Wheeler sat down with David Coleman, president of MISMO, to talk about what’s changed in technology over the last...
Trustar Bank sells mortgage subsidiary to Archer
Virginia-based community bank Trustar Bank sold its mortgage subsidiary to Archer Mortgage Holding Company, the companies announced on Thursday. The financials of the deal...
Mortgage rates stabilize after Fed meeting
Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year...
