Redfin reports falling revenue, higher losses in Q1 2025
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.
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Liberty Reverse parent Onity praises Q1 earnings performance, proprietary product launch
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.
Homes.com grows with increased agent adoption, consumer demand
Unprompted consumer awareness of Homes.com rose to 36% in Q1 2025, compared to only 4% before February 2024.
Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B
Pennymac reported lower revenue and earnings in Q1 2025, but it still has one of the largest servicing portfolios in the country.
BofA, Citi warn of slower growth ahead as mortgage business softens
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
Onity leaders talk reverse channel profitability, tease proprietary product development
Onity Group executives tout the profitability of their reverse mortgage business and tease the development of a new private-label offering.
Fathom teases new agent revenue-sharing model
On Fathom Holdings’ fourth-quarter 2024 earnings call on Wednesday, CEO Marco Fregenal mentioned a new revenue-sharing model that will launch “soon.” The plan is designed to help agents close more business.
Keller Williams might spark a trend of brokerages to tap private equity
It’s fair to ask if Stone Point Capital’s investment in Keller Williams is the first of other private equity infusions in real estate brokerages.
Longbridge parent again touts reverse mortgage performance in Q4 earnings
Ellington Financial continued to tout the performance of Longbridge and teased a potential new product in development.
Rocket showcases strategic pivot on Q4 earnings call
On Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue of $1.8 billion and adjusted revenue of $1.2 billion, with the latter figure coming in at the high end of Rocket’s expectations.