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 business to improve when the housing market speeds up after mortgage rates come down.But what is the alternative if rates don’t come down?“Great question — Plan B is drink our own urine or our com
Read MoreloanDepot sells MSRs, improves margins in Q2

California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage ser
Read MoreGinnie Mae fires back at TCB over venue claims in reverse mortgage case

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any r
Read MoreSeniors seem more receptive to roommates as they tackle housing costs

Older Americans who seek out younger roommates to stay on top of high housing costs is not a new concept, but there is evidence to suggest that the trend is growing more popular. This is according to a recent podcast episode hosted by Boston-based NPR affiliate WBUR.Jennifer Molinsky, director of th
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