Florida-based Onity Group reported first-quarter 2026 net income attributable to common stockholders of $7 million as mortgage rate volatility, refinancing activity and elevated FHA delinquencies weighed on results despite growth in revenue and servicing volume. Net income was down from $21 million last year. In its earnings report, released on Tuesday, the company posted a…
"May 2026" Archives
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Mortgage rates have returned to the 6.5% level as financial markets shift their focus from economic data to escalating geopolitical events. “If you’ve got a deal, lock it in; there’s room for mortgage rates to continue to climb higher,” Nash Paradise, director of sales at UMortgage, advised loan officers. “Brokers have flexibility that a traditional…
A benchmark study tracking 8.2 million real estate conversations in AI search models finds that buyer behavior has changed faster than any channel in real estate marketing history. And portals are losing ground because of it. For the first time since AI search tracking began in 2024, Zillow‘s share of agent-discovery traffic declined year over…
Former Benchmark retail president Marty Preston has joined Rate’s profit and loss platform after evaluating more than 20 lenders, the company announced on Tuesday. Preston moves to Rate from Benchmark, where he most recently served as president of retail and division president. At Benchmark, he grew his production team from about $200 million to more…