Finance of America grows reverse mortgage volume despite Q2 net loss of $29M

Finance of America Companies Inc. (FOA) grew its reverse mortgage and home equity funding volume 21% year over year in the second quarter of 2026, even as non-cash fair value marks in its portfolio business drove a net loss of $29 million from April through June. The Texas-based lender on Tuesday reported $730 million in funded volume for the quarter ending June 30, up from $602 million during the same...

Collier County private inspections fray sparks Florida turf war

Florida’s new push to accelerate homebuilding is hitting up a familiar wall of resistance in the Naples area: local resistance. Instead of fighting over zoning, the battle is about permitting. Private-provider inspectors say Collier County officials have thwarted third-party inspections required under state law. State lawmakers strengthened that law last year. It took effect July 1. Florida,...

M/I Homes doubles down on specs as other builders pull back

As many homebuilders scale back on spec inventory to preserve margins, M/I Homes continues to hew to a contrarian strategy: More specs.  During earnings calls for Q4 2025 and Q1 2026, M/I Homes executives reiterated their plans to maintain a spec-heavy playbook. The company’s Q2 2026 earnings call last week indicates that the M/I team will stay the course as an outlier. About 78% of M/I Homes’...

loanDepot narrows Q2 net loss as home equity lifts margins

loanDepot reported a sharply narrower net loss in the second quarter as the lender expanded its home equity business, increased loan production and improved operating leverage. The company posted a net loss of $6.6 million for the second quarter ended June 30, compared with a loss of $54.9 million in the first quarter. Revenue increased 18% from the prior quarter to $337.3 million, while loan...

Mortgage Rates Hit Year Highs as Iran War Fuels Economic Uncertainty

U.S. Homebuyer Demand Falls to Four-Month Low as Buyers Hit Pause U.S. housing demand weakened further in late July 2026 as rising mortgage rates, persistent inflation concerns, and growing economic uncertainty tied to the Iran conflict pushed more prospective buyers to the sidelines. Mortgage rates climbed to their highest level in more than a year, reaching 6.85% at the end of last week, as financial...

FOA leads July HECM endorsements while HMBS issuance remains weak

Home Equity Conversion Mortgage (HECM) endorsements declined in July after an uptick in June, while HECM Mortgage-Backed Securities (HMBS) issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors. The top 15 originators endorsed 2,034 HECM loans last month, down from 2,064 in June. Finance of America (FOA) led the way with 498 endorsements in July,...

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