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. UWM’s ratings outlook is stable, Fitch said. UWM’s corporate leverage, measured as gross nonfunding debt to tangible equity, jumped to 6.1x at the end of the second quarter, up from 3.2x at the end...
President Donald Trump is reportedly moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations. The White House this week sent Cook a letter stating the president is “considering” removing her and demanding she respond to the allegations within three weeks, ABC News reported Friday The letter, reportedly signed by deputy chief of staff Dan...
Wood cabinets have become the top choice for kitchen cabinetry colors, with nearly 3 in 10 renovating homeowners choosing them, according to the 2026 U.S. Houzz...
Regional Leasing Activity Defies Middle East War Tensions Asia Pacific commercial real estate investment activity accelerated in the first half of 2026, rising 27% year-over-year, with office transactions climbing 29% and leasing momentum improving across key markets, according to CBRE's mid-year regional outlook released Thursday. Most sectors and markets recorded gains. Singapore led the rebound in...
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. The San Francisco-based company posted second-quarter revenue of $33.8 million, up 7% from a year earlier and higher than its Q1 2026...
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 levels. None reported...
HousingWire reports on the quarterly earnings of publicly traded mortgage, real estate and homebuilder companies, offering a glimpse into the financial performance of key players in the housing market. As earnings results start to be released for the second quarter of 2026, here’s a rundown of what’s happening at the major lenders, brokerages, builders, listing portals and title...
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 a business necessity. A cardinal rule of engagement and survival, as any homebuilder competing in the NVR- and Ryan Homes-dominated Mid-Atlantic region knew, was to counterpunch on land acquisition rather than compete...
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. The Detroit-based lender reported Q2 2026 net revenue of $2.78 billion, nearly double its $1.45 billion figure from the same period last year and...
Sometimes patience pays off, especially when the architect you want to hire is busy. It certainly did for the owners of this 17th-century English farmhouse. When they first found architect Lydia Robinson of Design Storey on Houzz, she was working on another project. “They’d seen a cottage we’d...
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