Rocket Cos. came oh-so-close to reclaiming the top spot among mortgage originators in the first quarter. Processing Content The company, which acquired Redfin and Mr. Cooper last year, had closed loan volume of $44.7 billion. Its Detroit rival, United Wholesale Mortgage, ended the period with $44.9 billion. Pennymac trailed with $37 billion. But when asked […]
Rocket nearly tops UWM with $44.7B in recapture-driven volume Read More »
Executives at Better.com said the conflict in Iran is causing some borrowers to delay closing on mortgages, prompting the company to lean more heavily on home equity lines of credit (HELOCs) to sustain origination volume. At the same time, the New York-based digital mortgage lender continues to cut costs in an effort to meet its
Better cuts costs, expands HELOC push amid mortgage market volatility Read More »
For those wondering what the upside is for The Real Brokerage regarding its recently announced acquisition of REMAX, Real CEO Tamir Poleg has answers. “At its core, Real REMAX Group will unite an iconic real estate brand and franchise network with our innovative technology and the fastest growing major public real estate brokerage,” Poleg said
Real CEO Tamir Poleg on the value of the REMAX acquisition Read More »
Better Home & Finance remains squarely in the red, but executives remain adamant the company will hit a long-promised benchmark this year. Processing Content The lender recorded quarterly and annual growth in revenue and originations but still posted a $70 million net loss for the first quarter, it said Thursday. That mark includes a $20.9
Better is deep in the red despite origination, revenue gains Read More »
Zillow Group Inc. shares dropped as much as 9% in post-market trading on Wednesday after the company forecast second-quarter profit that missed Wall Street expectations, citing legal and advertising expenses and a flat housing market. Processing Content The online real estate marketplace sees second-quarter adjusted earnings before interest, taxes, depreciation and amortization in a range
Zillow drops as profit view misses on legal, ad costs Read More »
Compensation for leaders at publicly traded mortgage giants wavered last year, although a few executives received massive stock awards. Rocket Cos. CEO Varun Krishna led the field with $52.9 million in total compensation in 2025, according to the company’s annual report. Like his peers however, the majority of his earnings came in stock-related awards, although
The highest paid mortgage executives in 2025 Read More »
A year ago, when Lennar completed the spin-off of Millrose Properties into a standalone, publicly traded REIT, the sheer size, root motivation and the complex nature of the pivot ushered in an era of land-banking unlike any before. Global capital asset managers followed suit. Land-banking and asset-light or land-light business and balance sheet management began
Millrose Properties one-year report card, Q1 2026 earnings Read More »
Zillow Group started off 2026 with a strong financial performance in the first quarter of the year, recording an 18% annual increase in revenue to $708 million and a net income of $46 million, up from $8 million in Q1 2025. Chief financial officer Jeremy Hofmann attributes this strong performance to Zillow’s consistent execution of its
Zillow bets on pre-marketing to unlock new growth Read More »
UWM Holdings, locked in a battle with CrossCountry for Two Harbors Investment, had a banner first quarter, with GAAP net earnings of $170.4 million. Processing Content This compared with $165.5 million in the fourth quarter, and a net loss of $247 million for the first quarter of 2025. Addressing the transaction, Chairman, CEO and President
UWM posts strong Q1 in the midst of Two Harbors battle Read More »
PennyMac Financial Services reported first-quarter net income of $82.3 million, or $1.53 per diluted share, as stronger mortgage production helped offset weaker servicing results tied to mortgage servicing rights valuation changes and hedging losses. The Westlake Village, California-based mortgage lender and servicer posted adjusted net income of $117.7 million, or $2.19 per diluted share, for
PennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results Read More »