Mortgage & Economy

M/I Homes kept spec homes at 78% of Q2 sales, driving 2,387 closings, up 15%, as gross margin slipped to 22.0%.

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…

loanDepot cut its Q2 net loss to $6.6M as revenue rose 18% to $337.3M and originations increased 4% to nearly $8B.

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 company reported $1.4 billion in second-quarter revenue, an 11% increase from the same period a year earlier.

he 21st Century ROAD to Housing Act expands supply and financing, but long-term affordability also depends on resilience. Rising insurance costs and disaster losses support stronger construction, retrofits and verified standards such as FORTIFIED.

Higher interest rates raise debt service, so DSCR requirements of about 1.20 to 1.25 reduce loan proceeds even when NOI is unchanged. Many commercial real estate buyers now need 25% to 30% equity instead of 20%.

Legislative efforts to bring back the modern boarding house are gaining steam nationwide, driven by the need for more affordable housing. Several states have passed laws. Others have legislation stalled in committee or awaiting a vote. To build on potential growth from new laws, Atlanta-based PadSplit – the country’s largest co-living marketplace – is launching…

Florida homebuyers have filed a class-action lawsuit accusing LGI Homes, loanDepot and their joint venture, LGI Mortgage Solutions LLC, of running an “improper home-sales scheme.”

PulteGroup announced on Monday that it has established a new division in the Florida panhandle. The move builds on its previously announced agreement with The St. Joe Company for up to 2,653 homesites in two Bay County communities, with first-phase development expected in 2027.