Blend narrows loss in 2023, projects confidence in achieving profitability this year

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a non-GAAP net loss of $182.2 million in 2022, acco
Read MoreTight inventory and frustrated buyers challenge agents in Virginia

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers.“I think people are getting used to the interest rates where they are now, but there is just a huge lack of inventory,” said Chelsea Newco
Read MoreRising home insurance costs are adding pressure for buyers: Insurify

The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners insurance premiums are climbing too
Read MoreLisa Moriello talks tech, 2024 HECM limit and openness to reverse mortgages

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot, recently spoke to RMD about how business in 2024 seemed to be off to a promising start.Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on mult
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