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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

Longbridge endures Q1 loss, but leaders tout ‘positive contributions’

May 8, 2025 by bp56691
Longbridge recorded a loss in Q1 but its parent company still remains bullish on its overall contributions to profitability.
Categories Ellington Financial, Longbridge Financial, Mortgage, Reverse

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

How Rate wants to close its ‘massive gap’ in the non-QM space

May 2, 2025 by bp56691
The company plans to double production in the segment in 2025. It launched a new suite of products, will be aggressive in pricing and is training LOs.
Categories Guaranteed Rate, HWmember, LendingLife, Mortgage, Non-QM, Origination, Shant Banosian

UWM faces class-action lawsuit over alleged misuse of 401(k) plan assets

April 30, 2025 by bp56691
Filed Monday in a Michigan district court, the lawsuit accuses UWM of violating the Employee Retirement Income Security Act (ERISA).
Categories Lawsuit, Legal, Legal & General Home Finance, LendingLife, Mortgage, Origination, Retirement, United Wholesale Mortgage

House to hold key session on trigger leads bill in May

April 29, 2025 by bp56691
The Homebuyers Privacy Protection Act is expected to be considered during a markup session on May 20 — a process that determines whether a bill should be recommended for a full House vote and in what form.
Categories House of Representatives, HWmember, Lead Generation, Legislation, LendingLife, Mortgage, Mortgage Bankers Association, U.S. Senate

VantageScore mortgage usage plunged 42% in 2024

April 28, 2025 by bp56691
VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years.
Categories Credit Score, GSEs, HWmember, LendingLife, Mortgage, Origination, VantageScore

ESG team at Fannie Mae has been terminated: sources

April 25, 2025 by bp56691
Multiple sources told HousingWire that the terminations took place on Friday, following a series of moves designed to limit DEI.
Categories Bill Pulte, Fannie Mae, Government-Sponsored Enterprise, HWmember, Mortgage, Origination

The nation’s largest mortgage lenders are only getting bigger

April 25, 2025 by bp56691
The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
Categories AmeriHome, HWmember, Lenders, LendingLife, Mortgage, NewRez, Origination, PennyMac, Rocket Mortgage, United Wholesale Mortgage

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
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