Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4B
$24B in 2024 mortgage production represents Guild's biggest year since the pandemic-fueled refinancing boom, helping the San Diego-based lender bounce back from $39M 2023 loss
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29%, to $101.2B. Higher profit margins on those loans helped boost net revenue by 34%, to $5.1B
In a year when home sales hit a 3-decade low, the nation's biggest mortgage lender racked up a $329M profit and made $96.1B in loans to homebuyers -- the company's best year ever
Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7M homeowners, a business that generated $393M in pretax income during Q4
Deal to acquire Flagstar’s mortgage servicing business later this year is projected to grow Mr. Cooper's customer base to nearly 7M and servicing portfolio to $1.59T
Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76M profit, paid down debt and said it's in prime position to capitalize and grow as mortgage rates drop to 2024 lows
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
In what's shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing
The San Diego-based lender has completed 5 acquisitions in the past 18 months in pursuit of market share, unfazed by a 21% drop in mortgage originations and a $39.1M 2023 net loss
Nation's largest mortgage lender trims its $300B servicing portfolio by nearly one-fourth, selling $70B in mortgage servicing rights for $941.2M, excess cash flows on $19.4B in loans for $150.9M
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10B year, we’ve rounded up the top stories all in one place. Here’s what you might have missed
Nation's biggest mortgage lender posts first annual loss since going public in 2020, largely driven by an $854.1M write-down in the value of UWM's $300B mortgage servicing rights portfolio
Mortgage giant reports positive adjusted earnings for the third consecutive quarter, 'despite some of the most difficult industry conditions in three decades,' CEO Varun Krishna says