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

Fed cuts interest rates by 25 bps, but Trump’s victory sows doubts on future moves

One day after Donald Trump’s victory in the U.S. presidential election, officials at the Federal Reserve announced their decision to cut the benchmark interest rate by 25 basis points to a target range of 4.5% to 4.75%, a move that aligned with market expectations. The reduction, made public on Thur