Nel Q2 revenue falls short of estimates on wider loss

CoStar Group’s chief financial officer is departing at the end of the month. Christian Lown is leaving July 31 to pursue an opportunity outside of the industry, the Arlington-based real estate data firm announced Monday. Robin Rossmann, who leads CoStar’s European operations, will take his place. The transition will occur just days after CoStar reports…

A four-story office and retail building across the street from the former Macy’s department store in Downtown Brooklyn has traded, Commercial Observer has learned. Midwood Investment & Development, a New York City-based real estate development and management firm, purchased 423 Fulton Street — opposite the former Macy’s at 422 Fulton Street — for $9.5 million,…

The VA share of total applications increased to 13.0% from 12.9% the prior week, a modest but notable shift as borrowers sought any path to a more competitive rate. “Government purchase volume increased modestly, led by a 5% gain in VA purchase applications, while conventional purchase activity declined. Refinance application volume was down 4%, as homeowners…

tum3123/iStock via Getty Images Market Overview Emerging markets rallied in the second quarter as AI momentum among some of the largest technology names accelerated amid vigorous earnings results. The MSCI Emerging Markets Index rose 24.1% for the quarter, outperforming most global equity markets due to strength in South Korea, which surged 87.6%, and Taiwan, which…

Finmo API, providing access to mortgage origination capabilities including application intake, document collection, and underwriting workflows The Bridge, enabling direct connectivity into Lendesk’s lender network for organizations that already have their own origination experience Lender Spotlight APIs, providing access to lender rates, policies, documents, contacts, and product information Together, these capabilities…

Lenders continued cutting fixed rates this week as competition intensified, according to the latest Moneyfacts rate watch. The average two-year fixed rate is now 5.46%, down from 5.51% last week. The typical five-year fixed rate is also currently 5.51%, a reduction from 5.48% one week ago. The mortgage type to see the largest average rate…