Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition

Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while H

Real, former CFO settle wrongful termination lawsuit

The Real Brokerage and its former chief financial officer Michelle Ressler have reached a settlement agreement in the lawsuit Ressler filed in early June 2025.  Filed in the U.S. District Court for the Southern District of New York, the lawsuit claims that Real orchestrated Ressler’s termination und

What Realtors really think about working with builders

Picture this: a Realtor® walks into a new-home sales office, client in tow, ready to collaborate. The builder’s rep glances up from the desk, wary smile in place. Both sides want the same thing — a sold home — but the air crackles with tension. That moment, repeated across the country, defines one o

Longbridge has record quarter for proprietary volume, posts $8.6M profit

Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the s

Opendoor, Roam team up to expand assumable mortgage access

Opendoor is teaming up with Roam, a platform that enables homebuyers to purchase homes with assumable low-rate mortgages, according to an announcement on Friday.  Through this partnership, Roam’s assumable mortgage tools and transaction support will be available to homebuyers shopping for homes on O

David Conroy rejoins NAR as first-ever chief data officer

The National Association of Realtors (NAR) continues to shake up its executive team. On Friday, the firm announced the appointment of its first-ever Chief Data Officer David Conroy.  In addition to serving at CDO, Conroy will also serve as the senior vice president of strategy and innovation. The tr

Florida housing market slows as listings rise and sales drop

Florida’s single-family housing market revealed a striking disconnect in early November 2025, with homes taking a median 98 days to sell, 21 days longer than the national median of 77 days, even as market conditions shifted decisively in favor of buyers. The state’s housing inventory reached 97,224

loanDepot’s Q3 loss narrows as revenue climbs 14%

loanDepot reported a smaller loss in the third quarter as higher loan volumes, improved margins and increased servicing income boosted its results. Revenue for the California-based mortgage lender rose 14% from the previous quarter to $323 million, while adjusted revenue increased 11% to $325 millio

Blend Labs reports shrinking mortgage revenue even as its partnerships gain steam

Blend Labs Inc. shared its third-quarter earnings on Thursday afternoon, posting revenue of $32.9 million from July to September, down 1% on an annual basis. The company reported a GAAP gross profit margin of 74% in the third quarter, unchanged from the same period in 2024. Non-GAAP gross profit mar

Why Springfield homes sell faster than Illinois average

The Springfield, IL metro housing market recorded a median days on market of 28 days for the week ending Nov. 7, 2025, moving faster than the Illinois state median of 49 days. The accelerated sales pace comes as the metro’s median list price sits at $199,700, well below the state median of $309,900.

How Terre Haute market defies trends with faster sales and price gains

The Terre Haute,IN metro housing market is moving at a notably quicker pace than the rest of Indiana, with homes selling in a median of 42 days compared to 56 days statewide as of Nov. 1, 2025. This faster sales velocity comes even as the metro’s median list price climbed 11.5% year over year to $17

Rithm drops Onity as subservicer on $33B portfolio

Rithm Capital will no longer use Onity Group’s servicing subsidiary, PHH Mortgage Corp., as the subservicer of a $33 billion portfolio primarily composed of pre-2008 loans — ending an agreement that has lasted nearly a decade. Onity, which released its third-quarter earnings on Thursday, said it was

Orlando metro homes sit longer despite lower prices

The Orlando–Kissimmee–Sanford metro housing market presents an unusual dynamic where homes are taking 20% longer to sell than a year ago despite falling prices and widespread price reductions. The median days on market jumped to 84 days in the week ending Nov. 7, up from 70 days year-over-year, whil

Philadelphia homes sell weeks faster than national pace

Homes in the Philadelphia–Camden–Wilmington metro area sell in a median 49 days, 28 days faster than the national median of 77 days, even as 39% of active listings reduced prices during the week ending Nov. 1, 2025. The metro’s $439,900 median list price slightly exceeds the national median of $435,

Credit models for mortgages are being overhauled. Here’s what to know

The way that mortgage lenders assess credit risk is undergoing its biggest overhaul in decades as the Federal Housing Finance Agency (FHFA) is preparing to roll out a new framework that allows lenders to use two scoring models — FICO 10T and VantageScore 4.0. FHFA Director Bill Pulte and the Trump a

Indianapolis sellers cut prices on majority of homes as inventory builds

The Indianapolis, IN metro housing market shows sellers adjusting expectations as 55.8% of active listings reduced prices during the week ending Oct. 31, 2025. Despite steady buyer activity with 512 homes absorbed weekly, the combination of rising inventory and widespread price cuts signals a shift

As other markets tighten, Memphis remains a bargain for buyers

The Memphis housing market shifted further into buyer-favorable territory this week, with 45.2% of active listings taking price reductions while homes sat on the market for a median of 84 days. The metro’s 4,455 active single-family listings represent a 17.6% increase from the same period last year,

Guild sees Q3 revenue surge to $307.4M ahead of Bayview transaction

Guild Holdings Co., the parent company of Guild Mortgage, announced its Q3 2025 earnings on Wednesday afternoon, posting a net revenue of $307.4 million that compared favorably to figures of $279.4 million in Q2 2025 and $159.3 million in Q3 2024. Guild’s net income for the third quarter was $33.3 m

Decatur homes sell twice as fast as national average

The Decatur, IL housing market is moving at twice the national pace, with homes selling in just 35 days compared to the 77-day national median, even as median list prices climbed 17.8% year over year to $152,450. The Decatur metro absorbed 24 homes last week, up 33% from 18 homes during the same per

Mortgage industry backs LLPA changes but is divided over priorities

The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac.  Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte sa