loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. It wasn’t enough to bring the California-based lender company profitability, but it narrowed its losses.  Operationally,... Read more »
loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

Are 1970s inflation and mortgage rates possible?

The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. The running average of CPI going back to 1914 has been 3.3%. So, what should we... Read more »
loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

HUD outlines reverse mortgage wish list in budget proposal

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate, outlining the priorities of the administration in providing a budgetary blueprint for... Read more »
loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

Biden’s economic adviser addresses administration’s housing priorities

The housing priorities outlined by the White House and President Joe Biden last week before and during the State of the Union address are crucial for alleviating a serious burden facing many... Read more »
loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

Mortgage rates cool off ahead of inflation reading

In anticipation of Tuesday’s inflation reading, mortgage rates eased compared to last week. HousingWire’s Mortgage Rate Center showed the average 30-year fixed rate for conventional loans at 7.08% on Tuesday, down from... Read more »
loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

Polly launches Lender Intelligence platform 

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. The new platform will enable lenders to track... Read more »
In Kern County, an abandoned church gets a second life as housing for former foster youths

In Kern County, an abandoned church gets a second life as housing for former foster youths

OILDALE, Calif. —  The church on Oildale Drive and Minner Avenue has stood on the corner since 1954, built after an earthquake damaged the Oildale Church of Christ’s building. Since then, the church... Read more »
Waldorf Astoria to build first standalone residences outside US

Waldorf Astoria to build first standalone residences outside US

Travel and hospitality March 11, 2024 The location is within walking distance of the city’s iconic attractions. Image credit: Hilton   By Luxury Daily News Service Hilton’s Waldorf Astoria is introducing new... Read more »
Montana's New Game-Changer

Montana's New Game-Changer

MONTANA’S NEW GAME-CHANGER: HOUSE BILL 635 AND FOUR OTHER PROVEN STRATEGIES TO MAXIMIZE HUNTING OPPORTUNITIES FOR NON-RESIDENT LANDOWNERS AUTHOR: RYAN BRAMLETTE, ALC, RANCH SALES | LICENSED IN MT In one of our... Read more »
10 Highlights From the 2024 New American Home

10 Highlights From the 2024 New American Home

Nestled within a desert landscape, the 2024 New American Home—a newly constructed property with the latest homebuilding advancements, which was unveiled at the International Builders’ Show in February—shows off ultra-energy efficiency, the... Read more »