Zillow Group names Jeremy Wacksman as CEO

Zillow Group has promoted Jeremy Wacksman from chief operating officer to CEO, according to an announcement on Wednesday.The firm made the announcement less than an hour before its second-quarter 2024 earnings call with investors and analysts. In addition to being named as the firm’s CEO, Wacksman h

FOA reports loss in Q2 but notes improved performance

Industry-leading reverse mortgage lender Finance of America (FOA) recorded another loss in the second quarter of 2024, but it managed to move closer to profitability while also expanding its dollar volume of loans through other business metrics that show improvement.This is according to the company’

More senior households are carrying high levels of debt: EBRI

More households led by older Americans who are either in or near retirement are carrying higher levels of debt. This has major implications for the nation’s retirement readiness posture, according to an issue brief published last week by the Employee Benefit Research Institute (EBRI).“While improvin

Refi activity picks up to highest level in two years

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA).The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found