Citizens Financial Group reported a 29% increase in quarterly profit Friday, supported by higher interest income and growing loan balances, while mortgage banking fees remained a weak spot in the bank’s revenue mix. The Providence-based company earned $636...
Rocket Companies announced a new CEO for Redfin on Monday morning. Normally, I would consider that an executive personnel story and move on. This one caught my attention because of who Rocket hired and, more importantly, what Rocket said it wants him to do. Alessio...
There is a strange contradiction developing in the mortgage market right now, and I think we need to be careful about how we talk about it. By most broad measures, the mortgage system is still in pretty good shape. There is no national foreclosure crisis, there is no...
For most people in real estate and mortgage, closing day has always carried a sense of finality. The papers are signed, the keys change hands, commissions are paid, the loan funds and everybody moves on to the next transaction. The homeowner, of course, doesn’t...
Real REMAX Group is already making a significant change to its mortgage strategy, just days after completing the combination of The Real Brokerage and REMAX. The newly combined company will stop selling new Motto Mortgage franchises and no longer invest in expanding...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
