article thumbnail

Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year. “To

article thumbnail

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. Achieving positive free cash flow by 2026 would represent a financial landmark for Blend. ​​”We are guiding to a free cash flow margin of 8% for our conservative case, 18% for the market norm, with our base case at 12%.

Mortgage 402
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Douglas Elliman settles the commission lawsuits

Housing Wire

Our global network of leading agents and luxury brand continue to position Douglas Elliman for future success as real estate markets stabilize. One of the contingencies states that the first payment will be made if “as of December 31, 2025, Douglas Elliman’s Cash Balance is at least $40.0 million as of Dec. million at any point from Dec.

Brokerage 397
article thumbnail

FHFA releases fair lending final rule

Housing Wire

This rule represents a milestone in the agency’s ongoing efforts to promote a robust and inclusive housing market,” said David Dworkin, the CEO of National Housing Conference. The effective date for this provision is Feb. FHFA explained some of the actions it has taken to address housing inequality.

Lending 377
article thumbnail

Rocket’s Varun Krishna appointed to newly created board position

Housing Wire

Krishna will serve “for a term expiring at the company’s 2026 annual meeting of stockholders and until his successor is elected and qualified, subject to his earlier death, resignation, retirement, disqualification or removal.”

article thumbnail

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 Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 382
article thumbnail

Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Housing Wire

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. Mat Ishbia: In the 2022 and 2023 markets, rates went up a lot.

Retail 367