Independent mortgage bankers reported a second consecutive quarter of profits on their loan production, helped by the September rate drop and surge in application volume, the Mortgage Bankers Association said. Between originations and servicing income, roughly 85% of the 325 companies which participated in the Quarterly Mortgage Bankers Performance Report were profitable. “After a series […]
Loan profits improve for IMBs in 3Q Read More »
Fathom Holdings is leaning into expansion, agent productivity initiatives and stronger ancillary service performance — reporting double-digit growth across its core operations in the third quarter. Revenue rose 38% year-over-year to $115.3 million, while agent count climbed 24% and transactions increased 23%. “In the third quarter, we continued to build on the momentum achieved in
Fathom Holdings reports 38% revenue growth Read More »
Figure Technology Solutions reached $2.5 billion in consumer loan marketplace volume in the third quarter of 2025 — a 70% year-over-year increase, the company reported Thursday in its first earnings release since going public. Most of Figure’s volume continues to come from home equity lines of credit (HELOCs). New product categories — including crypto-backed loans,
Figure’s marketplace accelerates with $2.5B in Q3 volume Read More »
Figure Technology Solutions posted a strong quarter in its first public earnings report, including $2.4 billion in home equity line of credit lending. The fintech, which went public in September, recorded $89.8 million in net income for the third quarter, exceeding a Standard & Poor’s consensus estimate of $35 million. That also surpassed its $27.4
Figure posts huge HELOC volume in strong earnings debut Read More »
Better Home & Finance will likely be in the red for a while, but is gaining momentum with new partnerships and growing volume, its CEOVishal Garg said in a Thursday earnings call. The New York City-based lender posted a $39.1 million net loss for the third quarter, and hasn’t gotten much closer to breaking even
Better’s $39M loss masks growth momentum Read More »
New insurance written at the nation’s six active private mortgage insurers continued to run ahead of last year’s pace during the third quarter, with the market share gap widening between the top and bottom. For the quarter, the MIs wrote $84.3 billion of new policies, compared with $81.2 billion three months prior and $82.5 billion
Mortgage insurers have strong 3Q for new policies written Read More »
Falling mortgage rates during the third quarter of 2025 were certainly a boon for the Big Four title insurance firms who all saw title insurance revenue rise year-over-year during the quarter. At First American, which released its earnings in late October, company-wide revenue was up 41% annually to $2.0 billion, while net income rose to
Title insurance revenue rises for Big Four firms in Q3 2025 Read More »
While the publicly traded title underwriters across the board reported improved third quarter results on a year-over-year comparison, helped by September’s refinance activity that several mortgage lenders referred to in their results. The biggest news from the sector came after the quarter ended, with three of the companies announcing merger and acquisition deals. Fidelity
Refis drive better 3Q for major title insurers Read More »
Opendoor’s recently appointed CEO Kaz Nejatian used the firm’s third-quarter earnings call with investors and analysts to introduce himself and reintroduce the company he has been tasked with turning around. “I’m a computer nerd turned lawyer, turned founder, but I think of myself primarily as a product manager,” Nejatian said during Thursday evenings call. “That’s
Opendoor hits reset: The iBuyer goes full founder mode with new CEO Read More »
Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million
Longbridge posts $8.6M profit, record proprietary reverse volume Read More »