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Earnings

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Rocket shifts focus to integration after Q1 growth in originations and M&A

May 8, 2025 by bp56691
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper. 
Categories Earnings, HWmember, LendingLife, Mortgage, Mr. Cooper, Origination, Redfin, Rocket Companies, Rocket Mortgage

Zillow posts strong Q1, touts listing transparency and app traffic

May 7, 2025 by bp56691
CEO Jeremy Wacksman said the company remains on track to meet its full-year goals, including low- to mid-teens revenue growth.
Categories Clear Cooperation, Earnings, HWmember, Real Estate, Real Estate Listings, Rental Properties, Zillow, Zillow Premier Agent

Finance of America posts a profit, beats funded volume estimates in Q1 2025

May 7, 2025 by bp56691
Finance of America posts a profit, beats funded volume estimates in Q1 2025
One of the nation’s leading reverse mortgage lenders posted positive financial results in Q1 2025, leading to a rise in its share price.
Categories Earnings, Finance of America, Graham Fleming, HECM, HWmember, Reverse

eXp posts steady Q1 earnings, reinforces Clear Cooperation stance

May 6, 2025 by bp56691
eXp World Holdings, the parent company of eXp Realty, reported first-quarter 2025 earnings on Tuesday that highlighted modest growth in revenue, an assertive stance on real estate listing transparency and investments in artificial intelligence (AI).
Categories Brokerage, Clear Cooperation, Earnings, eXp Realty, eXp World Holdings, Glenn Sanford, HWmember, Real Estate

loanDepot’s Q1 revenue jumps 23% as Hsieh prepares to take the wheel again

May 6, 2025 by bp56691
Departing CEO Frank Martell characterized his final quarter of earnings with loanDepot as one of “positive momentum.”
Categories Anthony Hsieh, Earnings, HWmember, LendingLife, loanDepot, Mortgage, Mortgage Servicing, Origination

Redfin reports falling revenue, higher losses in Q1 2025

May 6, 2025 by bp56691
Redfin did not host an earnings call ahead of its pending acquisition by Rocket Companies, a move CEO Glenn Kelman said the firm is excited for.
Categories Earnings, HWmember, Mergers and Acquisitions, Real Estate, Redfin, Rocket Companies

Liberty Reverse parent Onity praises Q1 earnings performance, proprietary product launch

April 30, 2025 by bp56691
Onity Group, the parent of PHH Mortgage Corp. and its subsidiary, Liberty Reverse Mortgage, posted solid financial results for the first quarter of 2025 and again praised Liberty’s reverse mortgage performance.
Categories Earnings, HECM, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse

Homes.com grows with increased agent adoption, consumer demand

April 29, 2025 by bp56691
Unprompted consumer awareness of Homes.com rose to 36% in Q1 2025, compared to only 4% before February 2024.
Categories Andy Florance, Apartments.com, Clear Cooperation, CoStar Group, Earnings, Homes.com, HWmember, Real Estate, Real Estate Listings

Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B

April 22, 2025 by bp56691
Pennymac reported lower revenue and earnings in Q1 2025, but it still has one of the largest servicing portfolios in the country.
Categories Earnings, HWmember, Lenders, LendingLife, Mortgage, Mortgage Servicing, PennyMac, Servicing

BofA, Citi warn of slower growth ahead as mortgage business softens

April 16, 2025 by bp56691
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
Categories Bank of America, Citigroup, Earnings, HWmember, LendingLife, Mortgage, Origination
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