All Posts in "Real Estate News" Category

A stagnant housing market hasn’t held back Zillow’s mortgage business. On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume. Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41%…

Guild Holdings Co., the parent company of Guild Mortgage, sustained a $66.9 million loss in the third quarter of 2024 after delivering a profit of $37 million in the prior quarter. Meanwhile, its origination volume increased to $6.9 billion, up 6% from the second quarter and 49% higher than the same period in 2023. This…

Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday that it has increased its wholesale royalty from $3.50 to $4.95 per score for mortgage originators. “At this new per-score royalty, the amount collected by FICO will remain a small percentage of the…

Donald Trump has won the 2024 presidential election and will become the 47th President of the United States. But what could a change in administration mean for the real estate industry that is keeping a close eye on Nov. 26, when the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is slated for a final approval…