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HousingWire
- Blend, now “debt-free,” remains confident about reaching profitability by the end of 2024 May 9, 2024To deliver a profit, Blend used a $150 million preferred equity investment from Haveli Investments and paid down the balance of its outstanding debt.
- Judge approves brokerage commission lawsuit settlement agreements May 9, 2024Settlements reached by Anywhere, RE/MAX and Keller Williams in the commission lawsuits were approved on Thursday.
- UWM returns to profitability in Q1 amid MSR sales, improved margins May 9, 2024Regarding new pricing initiatives like Game On, UWM CEO Mat Ishbia said, "I don't foresee that right now."
- Compass CEO Reffkin believes agents will still be valued in a post-settlement world May 8, 2024Compass executives discussed the firm's financial results, and its commission lawsuit settlement agreement, during a Q1 earnings call.
- Former top executive withdraws lawsuit against Better.com and its founder May 8, 2024The parties sent a stipulation of voluntary dismissal with prejudice to a U.S. district court in New York on April 22.
- In Q1 earnings, Longbridge parent expects reverse mortgage market to improve May 8, 2024Ellington leadership reported that Longbridge originations were down, but they expect improvements and were bullish on proprietary securitizations.
- Judge denies Batton plaintiffs’ request to block settlement agreement’s final hearing May 8, 2024Judge Andrea R. Wood called the Batton 1 plaintiffs’ motion to block a final approval hearing “neither necessary nor appropriate.”
- Fannie Mae adds web-based income calculator for mortgage originators May 8, 2024The new option is designed to better serve borrowers with nontraditional sources of income, including self-employed workers.
- Panorama Mortgage Group launches 1% down payment loan program May 8, 2024The 1st Generation program also includes a 2% grant to meet conventional lending standards
- Senator inquiring about HMBS program clinches gubernatorial nomination May 8, 2024Mike Braun will be the Republican nominee in Indiana's upcoming governor's race, but the status of his HMBS inquiry remains unclear.