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Redfin Laying Off More than 800, Closing RedfinNow

CEO says iBuying business will lose up to $26 million this year.

Tech
Industry News
Finance Of America Posts 4th Straight Quarterly Loss

Expects to complete closing of its forward retail mortgage division by the end of 2022.

Analysis and Data
October 2022 U.S. Foreclosure Activity Increases 57% YOY

Completed foreclosures increased by 18% while foreclosure starts stayed flat.

Analysis and Data
Mortgage Applications Dip As Refis Hit Lowest Level In 22 Years

MBA says Refinance Index is down 87%, Purchase Index is down 41% from last year.

Analysis and Data
loanDepot Reports 'Significant Progress' As It Reduces Its Losses

Reports Q3 net loss of $137.5 million, down nearly 39% in part due to cutting nearly 5,000 employees.

Analysis and Data
Is Your Tech Working Together?

If your automation isn’t cooperating, it may just move problems around

Nov 08, 2022
NMP's The Principal
Nov 08, 2022
The Interest
New American Funding Lays Off 240

Calif.-based company has now cut 941 jobs in 2022.

Non-QM
Fannie, Freddie Earnings Take Hits In Q3

Fannie YOY earnings down nearly 50%; Freddie's fall 55% as housing market shrinks.

Analysis and Data
MeridianLink Completes Acquisition Of OpenClose

CEO: 'We are thrilled to welcome the OpenClose team to MeridianLink.'

Industry News