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.
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Randell Gillespie named president of LeaderOne
Gillespie will be tasked with growing LeaderOne, which has a “unique collaborative ownership model.”
Inside the Trump administration’s plans to gut the CFPB
HousingWire has obtained details of the planned mass layoff at the CFPB, which would see some divisions shrink dramatically or cease to exist.
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.
UWM’s Jason Bressler explores Sphere LOS integration
In this episode of the PowerHouse podcast, Diego Sanchez interviews UWM CTO Jason Bressler about the lender’s integration with Sphere LOS.
Rocket Mortgage’s origination volume rises to $27.8B in Q4
Rocket Companies recorded net revenue of $1.8 billion and GAAP net income of $649 million in the fourth quarter of 2024.
Rocket plays the long game with its renter rewards program
The recently announced RocketRentRewards program from Rocket Mortgage — which the company says is the homeownership industry’s first offer to provide closing cost credits for renters — allows homebuyers who use Rocket as their lender to earn 10% back on their last 12 months of rental payments.
Homebuyers are adjusting to the new normal of 7% mortgage rates
As the 2025 spring homebuying season approaches — and the tone is set for what the rest of the year could look like — the long-term costs of a home loan are inching lower even as fears of inflation, unemployment and tariffs loom large.
FOA’s James Mittleman looks ahead at 2025 with AAG integration in rearview
The FOA/AAG integration is largely complete and is giving the company an optimistic outlook for 2025, according to its senior vice president of retail sales.
Better announces ‘Better Forever’ borrower loyalty program
The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.