Mortgage delinquencies declined slightly. Are homeowner tensions easing?

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. But data shows a slight recovery as mortgage delinquencies fell in the third quarter.That silver lining comes from the Mortgage Bankers Association (MBA)’s National Delinq

FOA posts robust Q3 earnings as company touts product, platform changes

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. It delivered adjusted net income of $15 million, or $0.67 per share.The company noted that Q3 2024 marked the fifth consecutive quarter of improved operat

Terry Schmidt says Guild is seeing more interest in reverse mortgages

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed.Guild’s current reverse lending division, built off its 2023 acq

Blend achieves financial milestone, says mortgage pipeline is strong

After delivering two straight quarterly losses to start this year, mortgage technology company Blend Labs predicted correctly that it would soon move into the black by one key accounting measure, finally delivering a non-GAAP operating profitability third-quarter 2024 earnings.The earnings report, r