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As mortgage biz suffers, Blend sees unified banking platform as the key to growth

Housing Wire

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. million in Q2 2022.

Mortgage 363
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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

For 2026, Fed officials projected rates to fall below 3% by the end of 2026 through three more quarter percentage point reductions. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions. in 2025, indicating four more 25 bps cuts.

Inventory 457
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Mr. Cooper moves closer to $1 trillion MSR portfolio target

Housing Wire

Mr. Cooper is paying $324 million in cash and assuming $500 million in outstanding Home Point 5% senior notes due in February 2026. “The Our asset management strategy is designed to make these yields available to institutional investors while continuing to grow our customer base and operational scale,” Marshall said.

Investors 369
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What lies ahead

Housing Wire

million by 2026. For investors eyeing these properties, the challenge lies in higher interest rates for investment properties compared to single-family homes. This financial barrier, coupled with the standard 20-25 percent down payment requirement, has led to the exclusion of many potential investors from the market.

Investors 351
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We million homes in 2026,” Reffkin said. We are a company of top agents.” million to 5.6

Agents 335
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Blend narrows loss to $21M in Q3, reaffirms path to profitability in 2024

Housing Wire

million in revenues in Q3, within the range of $40 million to $42 million provided during its investor day in September. Executives had set a goal of achieving positive cash flow by 2026 in its investor day in September. ​​As The company posted $40.6 Revenue consisted of platform revenue of $28.6 As of Sept.

Investors 317
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Is Slow Growth the New Normal for Home Prices? Goldman Sachs Thinks So

BiggerPockets

Goldman Sachs released its forecast for home prices through 2026. Here's what it said and what it means for investors.