Rocket Companies reported a third-quarter 2025 adjusted net income of $158 million on adjusted revenue of $1.78 billion, exceeding the high end of its guidance range, the Detroit-based mortgage lender said Thursday. On a GAAP basis, the company posted a net loss of $124 million on total revenue of $1.61 billion, up from Q2 2025’s […]
Rocket’s integrations of Redfin, Mr. Cooper lift Q3 results above forecasts Read More »
Multichannel mortgage lender Newrez continued to contribute positively to parent company Rithm Capital’s earnings in the third quarter of 2025, during which the company closed an agreement with Wells Fargo in the private-label securities (PLS) space. In the third quarter, Newrez posted pretax income of $295 million — excluding a net hedge mortgage servicing rights
Newrez boosts Rithm Capital’s Q3 earnings Read More »
Rocket Companies swung back to a GAAP net loss in the third quarter as the company finalized its first of two major purchases, the acquisition of Redfin, during the period. The Mr. Cooper transaction, the larger of the two, did not close until Oct. 1, but included in the current results was the previously disclosed
Rocket’s Q3 dips into the red amid deal costs Read More »
Intercontinental Exchange is making more money from its mortgage technology unit, profits executives said should remain steady with new customers offsetting big-name departures. The sprawling financial giant reported $22 million in mortgage technology operating income for the third quarter, trending upward after past losses flipped into the black in the second quarter. On an adjusted
ICE unfazed by big lender exits as it adds more customers Read More »
Newrez posted a fourth straight quarterly profit, as parent company Rithm Capital pointed to a new servicing deal with Wells Fargo and falling interest rates as drivers of recent momentum. Technology, particularly investments in artificial intelligence, also paid dividends that drove profits for Newrez, said the lender’s President Baron Silverstein. “Even with increased production, our
Newrez posts fourth straight quarterly profit Read More »
Freddie Mac, like larger counterpart Fannie Mae, reported another profitable quarter that could fuel more interest in a potential new public offering for some of their shares. The government-sponsored enterprise earned $2.8 billion in net income during the quarter, compared to $2.39 billion the previous fiscal period and $3.11 billion a year earlier. The pattern in
Credit provision shifts drive Freddie Mac’s earnings Read More »
Fannie Mae’s latest results show stockholders’ equity rose further in the third quarter as earnings came in higher than in the previous fiscal period and approached year-ago numbers. The government-sponsored enterprise, which is the larger of two conservatorship entities the Trump administration is considering monetizing through a new stock offering, reported $3.9 billion in net
Fannie Mae’s earnings rise, equity nears $106B Read More »
Two, a mortgage real-estate investment trust, reported a third-quarter loss as it absorbed previously announced settlement costs while also releasing news of some volume gains in subservicing and originations. RoundPoint’s corporate parent reported a net loss to common shareholders of almost $141.25 million or nearly $80.21 million on a comprehensive basis. Common shares’ second quarter
Two takes a loss on settlement, emerges with ‘clean slate’ Read More »
Forward look: Home BancShares in Conway, Arkansas, has signed a letter of intent for its first bank deal in more than three years. Expert quote: “I believe in fixing your existing problems before you make a new move. That’s exactly what Home has been doing for the past three years,” Chairman and CEO John Allison
With problems behind it, Home BancShares preps for a deal Read More »
After another money-losing quarter for Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, company management was cautiously optimistic about the future. In the third quarter, the mortgage business lost $7.2 million on a pretax basis. While it did turn a pretax profit of $3.2 million in the second quarter, in the three prior periods, Primelending
Primelending management cautiously optimistic about 2026 Read More »