Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO…
Tag: Earnings
Redfin’s latest layoff round hits brokerage services biz
Seattle-based real estate brokerage Redfin imposed a new round of layoffs on Thursday, a development first…
That’ll do: Average IMB posts net profit of $693 per loan in Q2 2024
Independent mortgage banks (IMBs) are finally seeing light at the end of the tunnel after two…
Blend remains confident in Q4 profitability as rates provide an ‘encouraging signal’
Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as…
With agent count sinking, RE/MAX will consider business model changes
Is a business model change coming for RE/MAX? The possibility was floated on the company’s second-quarter…
Guild delivers $37M profit as origination volume jumps 69%
Guild Holdings Co., the parent company of Guild Mortgage, delivered a profit in the second quarter…
Redfin CEO reacts to housing market with ’Twilight Zone’ conditions
Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects…
loanDepot sells MSRs, improves margins in Q2
California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still…
Rocket executives build servicing, AI tools amid still challenging market
Despite some recent relief from mortgage rates, top executives at the parent of Rocket Mortgage continue…