What will mortgage loss mitigation look like under Trump?

What will mortgage loss mitigation look like under Trump?

Mortgage servicers have spent the past couple of years watching as federal housing agencies adopted various strategies to help borrowers who entered forbearance due to the COVID-19 pandemic but struggled to exit... Read more »
Mortgage groups push FHA for loss mitigation extension

Mortgage groups push FHA for loss mitigation extension

A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation waterfall to February 2026 while... Read more »
How Liz Feldman explores loss in real estate murder mystery ‘No Good Deed’

How Liz Feldman explores loss in real estate murder mystery ‘No Good Deed’

This article contains spoilers for Netflix’s “No Good Deed.” It was a strange time, being sequestered at home in the early days of the COVID-19 pandemic. The dwellings of millions of people... Read more »
Matterport Posts .4 Million Loss In Q3 As It Spends For Scale

Matterport Posts $38.4 Million Loss In Q3 As It Spends For Scale

During the first nine months of the year, Matterport pulled in a total of $125.8 million in revenue. Most of that is from recurring services and subscriptions. Whether it’s refining your business... Read more »
How ‘loss of use coverage’ can help with costs after a natural disaster

How ‘loss of use coverage’ can help with costs after a natural disaster

Mobile homes surrounded by flood water after Hurricane Milton made landfall, in St. Petersburg, Florida, U.S. October 10, 2024. Octavio Jones | Reuters If your home is temporarily uninhabitable after a natural... Read more »
Blend narrows loss in 2023, projects confidence in achieving profitability this year 

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... Read more »
Matterport Posts .4 Million Loss In Q3 As It Spends For Scale

LoanDepot Trims 2023 Net Loss By 37 Percent, To $236 Million

The moment has arrived — the moment to take charge. This summer, at Inman Connect Las Vegas, July 30-Aug. 1, 2024, experience the complete reinvention of the most important event in real... Read more »
Blend narrows loss in 2023, projects confidence in achieving profitability this year 

Guild reports loss in 2023, but market share growth was a silver lining

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other... Read more »
Travis VanderZanden Sells Bel-Air Estate at M Loss 

Travis VanderZanden Sells Bel-Air Estate at $11M Loss 

Travis VanderZanden has driven his scooter into the gutter, having sold his hilltop Bel-Air estate at a $10.9 million loss. The founder and former CEO of Bird, the Santa Monica-based scooter-sharing firm,... Read more »
MBA, NMSA suggest fixes to FHA’s proposed loss mitigation option

MBA, NMSA suggest fixes to FHA’s proposed loss mitigation option

The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation proposal, stating that it needs additional... Read more »