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- Redfin’s losses grow amid difficult market conditions May 7, 2024Redfin showcased pockets of growth in Q1 2024 despite challenging market conditions, but its overall losses grew to $66.8 million.Sarah Marx
- ADU options set to expand in California May 7, 2024Housing startup BOXABL is now approved to sell a factory-built accessory dwelling unit in California, which could increase the supply of affordable homes.Neil Pierson
- Impacted by a cyberattack, loanDepot delivers a Q1 loss of $38M May 7, 2024President and CEO Frank Martell said the company restored operations relatively quickly after the cyber incident, but it brought with it lost revenue and additional expenses.Flávia Furlan Nunes
- Carrington names new vice president of TPO marketing May 7, 2024Carrington Mortgage Services hired Steven Winokur to serve as vice president of marketing for third-party originations.Sarah Marx
- Annual home price gains reach 5.3% in March: CoreLogic May 7, 2024U.S. single-family home prices continued their upward trajectory in March, marking the 146th consecutive month of annualized gains.Sarah Marx
- FOA records loss in Q1 but remains confident about improving profitability May 7, 2024The company recorded a loss in Q1 2024 but remains bullish on its outlook after completing its AAG consolidation and an impending rebrand.Chris Clow
- NAR magazine devotes space to reverse mortgages and seniors May 7, 2024More reverse mortgage loan officers have been seeking real estate agent referral partnerships to discuss the HECM for Purchase program.Chris Clow
- White House, HUD announce $5.5B in housing and community development grants May 7, 2024The funding will be distributed across all 50 states to address affordable housing supply, homelessness, substance use disorder and more.Chris Clow
- Polly announces AI integration into its pricing engine May 7, 2024Polly announced a platform that integrates AI into its product and pricing engine, including a "copilot" for loan originators.Chris Clow
- Mortgage rates ease as the labor market cools May 7, 2024Mortgage rates eased slightly last week after a cooler-than-expected jobs report. Additionally, the 10-year Treasury yield fell after Friday’s jobs report.Sarah Marx