Rocket grows revenue to $6.7B, expands market share in 2025
Rocket CEO Varun Krishna said the results capped a “transformational year” for the company, citing stronger market share and growth.
Origination
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California-based LenderMac to acquire Direct Mortgage
LenderMac agreed to acquire Direct Mortgage, aiming to expand its footprint and build multichannel lending capabilities.
C2 Financial pushes for nationwide growth, top broker ranking
C2 Financial plans to boost volume beyond 10,000 loans and $5.5 billion, using AI, recruiting and expansion from 42 states to 50.
Huntington Bank’s Carolyn Gorman on expanded mortgage footprint with Cadence, Veritex partnerships
Huntington Bank projects a 50% rise in mortgage production after acquiring Cadence and Veritex, expanding in Texas and the Southeast.
Union Home Mortgage brings on M&A veteran Renee Hildebrand
Union Home Mortgage has shown a strong appetite for mergers and acquisitions by hiring Renee Hildebrand from Guild Mortgage to seek new opportunities, the company announced Tuesday.
Single-file credit proposal reignites debate over savings vs risks
A proposal to replace the longstanding tri-merge credit report with a single-file model has reignited debate over borrower costs and systemic risk, placing trade associations on opposing sides.
NEXA Lending CEO Mike Kortas explains why he’s buying shell companies
NEXA Lending CEO Mike Kortas says the acquisition of shell entities is to form JVs with builders, agencies and strategic partners.
MBA’s Broeksmit says credit bureau trade group “gaslit” mortgage industry
“From a risk management perspective, continuing to require three in-files and three scores on every borrower has long been an anachronism,” Broeksmit said
Austin Niemiec to lead Rocket Pro as Dan Sogorka departs
Austin Niemiec will take the helm of Rocket Pro, the broker channel of Rocket Mortgage, following the departure of Dan Sogorka.
PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff
PennyMac’s Q4 2025 net income reached $106.8M as higher mortgage production offset servicing income declines from prepayments.