Fitch Ratings downgraded the long-term issuer default ratings of United Wholesale Mortgage (UWM) to B+ from BB-, citing a sharp increase in leverage driven by second-quarter losses and higher borrowings.
Blend Labs on Thursday reported higher second-quarter revenue and a narrower operating loss, driven by growth in its software platform business as the digital mortgage technology provider expanded customer relationships and rolled out its new AI-powered Autopilot product.
Rocket Companies reported high second-quarter earnings on Thursday, driven by increased mortgage origination volume, servicing income and record market share gains in both purchase and refinance lending, even as the broader housing market remained challenging.
[Editor’s note: This is part 2 of a 3-part HousingWire special series on the impacts of data centers in housing. Part 1 is here.] In 1998, when Steve Alloy succeeded his father, Martin, as president of Northern Virginia-based Stanley Martin Homes, buying land wisely was, as it is now, both a point of pride and […]
As earnings results wrap up for Q2 2026, here’s a rundown of what’s happened for major lenders, brokerages, homebuilders, listing portals and title firms.
New York City’s regulated affordable housing sector is confronting a worsening financial squeeze, and a reckoning is coming unless solutions emerge, according to a new survey of owners, managers, lenders and other industry participants. The survey by affordable housing nonprofit NYC Housing Partnership found that 62% of respondents said operating costs have risen to unsustainable […]