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FOA reports $80M profit, buys out Blackstone’s equity stake
The company’s $80 million profit was flat compared to the first quarter but marked a significant turnaround from the $5 million loss it sustained in Q2 2024.
Why 6% mortgage rates will reignite the housing market
Mortgage rates are at year-to-date lows, but is this enough to spur home sales? Logan Mohtashami explains why 6% is the critical level.
Brookfield takes controlling stake in Angel Oak
Brookfield will take a 50.1% stake in Angel Oak, offering its own investors access to the firm’s residential mortgage credit business, according to filings with the Securities and Exchange Commission (SEC). Angel Oak will still operate independently, with co-founders Sreeni Prabhu and Mike Fierman remaining as co-CEOs.
HUD cuts 90% of its website content, citing low traffic and poor user experience
HUD’s revamped website includes much less content as the department removed pages it deemed “redundant, outdated and disorganized.”
Mortgage rates are in a holding pattern. Tariff uncertainty may be the culprit
Mortgage rates have flatlined recently, but President Trump’s “Liberation Day” on Wednesday should give clues of where the market is headed.
NAR appoints Jonathan Waclawski as its general counsel
NAR has named former trade group political law attorney Jonathan Waclawski as its new general counsel after Katie Johnson left in October.
Compass adds Boschetti Realty Group in Florida
Boschetti Realty Group is joining Compass, bringing $500 million in sales and a nine-agent luxury team to the company’s presence in Florida.
CoStar closes $1.6B purchase of Matterport
Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition.
