News that Opendoor CEO Carrie Wheeler is leaving the company boosted the company’s stock price to its third-highest level since the run-up began at the start of July. The announcement was made before trading started on Friday morning. When the markets did open, Opendoor began the day at $3.415 per share and in early trading […]

Lenders looking to cut costs are more willing to lay off their back office staff than slash other business expenses, according to a new Fannie Mae survey. While cost-cutting wasn’t firms’ top business priority, more senior mortgage executives placed prospective layoffs above trimming general and administrative expenses. The findings in the Mortgage Lender Sentiment Survey,

Mortgage lenders managed to increase origination volumes earlier in 2025 in a still-sluggish housing market at the same time home equity loans grew at their fastest pace in three years, according to Transunion.  Originations climbed up 5.1% on an annual basis in this year’s first quarter to just approximately 980,000 loans, according to the latest