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Earnings

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Newrez parent Rithm Capital posts 57% profit growth in 2024

February 6, 2025 by bp56691
Newrez parent Rithm Capital posts 57% profit growth in 2024
Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.
Categories Earnings, HWmember, Lenders, Mortgage, Mortgage Servicing, MSRs, NewRez, Origination

Rocket’s origination volume jumps 28% in Q3

November 13, 2024 by bp56691
Rocket’s origination volume jumps 28% in Q3
Detroit-based Rocket Companies saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in Q3 2024.
Categories Annaly Capital Management, Artificial Intelligence, Earnings, LendingLife, Mortgage, Mortgage Servicing, Mortgage servicing rights, Origination, Rocket Mortgage

FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

November 12, 2024 by bp56691
FOA President Kristen Sieffert discusses the creation of a new digital innovation team and a new approach to the company’s product marketing.
Categories Earnings, Finance of America, Marketing, Reverse, Technology

Longbridge parent posts softer Q3 earnings while touting proprietary reverse performance

November 8, 2024 by bp56691
Ellington Financial, the parent company of Longbridge Financial, is bullish about the prospects of proprietary reverse mortgages.
Categories Earnings, Ellington Financial, HECM, Longbridge Financial, Reverse
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