Despite the buzz around being acquired by Rocket Companies, the first quarter of 2025 was a rough one for Redfin.
In a document filed with the Securities and Exchange Commission (SEC) on Tuesday, Redfin announced that it recorded $221.0 million in revenue in Q1 2025, down 2% annually, while its net loss for the quarter came in at $92.5 million, up from a net loss of $66.8 million in Q1 2024.
After last week’s National Reverse Mortgage Lenders Association (NRMLA) Western Regional Meeting in Irvine, California, attendees were generally in high spirits from spending time with their industry colleagues.
But a common topic of discussion among attendees who spoke on-site with HousingWire’s Reverse Mortgage Daily (RMD) was about the session that started the day.
Retirement is a well-known source of anxiety for individuals, businesses and governments alike. Shoring up dedicated retirement funds with good investments could be key to bolstering public- and private-sector retirement programs, but when it comes to cryptocurrency, one state’s leader does not believe these investments are appropriate.
Real estate technology company Offerpad and distressed property marketplace Auction.com have entered into a strategic partnership with the goal to modernize how residential properties are bought, sold and renovated across the country.
Bill Pulte, the director of the Federal Housing Finance Agency (FHFA) and chair of the boards at Fannie Mae and Freddie Mac, said in an interview on Tuesday that a handful of employees at the government-sponsored enterprises (GSEs) who are from U.S. geopolitical foes China and North Korea have been referred to the U.S. Department of Justice (DOJ).
The average closing costs for a refinance mortgage in the U.S. totaled $2,403 last year, or about 0.72% of the loan amount, according to a new report from LodeStar Software Solutions.
The findings mark the company’s first analysis of refinance-specific closing costs. Closing fees ranged widely by location and are influenced largely by state and local taxes.
After last week’s unveiling of the White House’s proposed federal budget for fiscal year 2026, some cities and housing organizations have reacted with anxiety and exasperation over the depths of cuts detailed for the U.S. Department of Housing and Urban Development (HUD).
Wayne Stanley, founder and CEO of Indiana-based real estate marketing firm Bowe Digital, died on May 1, the company announced. He was 38.
Stanley, who built Bowe Digital from the ground up in his hometown of Kokomo, Indiana, was widely regarded not only as a marketing innovator but also as a mentor and friend.
His sudden passing has left a deep void in his professional and personal circles.
Following moves to close the Veteran Affairs Servicing Purchase (VASP) program, a bill from a lawmaker who railed against it that seeks to reform the U.S. Department of Veterans Affairs (VA) home loan program with the addition of a partial claim option has picked up support from the Mortgage Bankers Association (MBA).
After a series of severe winter storms and flooding in Virginia that compounded damage sustained from Hurricane Helene last fall, President Donald Trump recently issued a major disaster declaration.
Now the U.S. Department of Housing and Urban Development (HUD) is moving to make disaster aid available for those with Federal Housing Administration (FHA)-insured mortgages.
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