loanDepot reports $108M loss in 2025 even as volume, margins improve
loanDepot cut its 2025 net loss to $108 million as revenue rose 12% to $1.19 billion, but margins fell to 324 bps in Q4.
Retail Lending
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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.
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.
Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition
Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage.
Smartfi Home Loans shutters retail division
Smartfi Home Loans, a top reverse mortgage lender, closed its retail division to focus exclusively on wholesale operations. Paul Fiore departed as retail president.
Does the trigger leads bill opt-in provision wave goodbye to competition?
The industry debate heats up as trigger leads crackdown raises questions about consumer protection and market power.
Michael Isaacs out as CEO of Go Mortgage
Staff at the Ohio-based Go Mortgage were told Monday that Isaacs’ tenure was over, and that majority owner Jordan Hansell is the interim CEO.
GoodLife Home Loans launches retail reverse mortgage division, says it is actively hiring
GoodLife has launched a retail reverse mortgage division and is seeking out reverse mortgage professionals for it, the company announced.
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.
Chrissi Rhea, co-founder of Mortgage Investors Group, has died
Chrissi Rhea, co-founder of Mortgage Investors Group and member of the MBA’s board of directors, died on Nov. 8, at the age of 73.