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Earnings

Compass posts strong Q1 following Anywhere acquisition

Anywhere, Brokerage, Compass, Earnings, HWmember, Real Estate, Real Estate Agents, Robert Reffkin /

Compass, Inc. reported strong first-quarter 2026 financial results Tuesday — reflecting its first full quarter as a combined company following its acquisition of Anywhere in January. Year-over-year comparisons reflect combined results of Compass and Anywhere for 2025, providing a like-for-like comparison with the newly merged company. The firm posted $2.7 billion in revenue for the […]

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Finance of America returns back to profit in first quarter

Earnings, Originations, Reverse mortgages, Secondary markets /

Finance of America turned a profit in the first quarter following two consecutive periods of losses.  Processing Content The Texas-based reverse mortgage company posted a net income of $35 million last quarter, a significant jump from the $21 million loss recorded in the fourth quarter, but still well below the $80 million it made in

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PennyMac 1Q profit falls as servicing drags on results

Earnings, LOAN PRODUCTS, Originations, Servicing /

Higher pretax income from its originations business in the first quarter versus comparative period was offset by lower earnings related to servicing for PennyMac Financial Services. Processing Content The company reported net income of $82.3 million for the first quarter. This compared with $106.8 million for the fourth quarter and $76.3 million for the first

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Loandepot blames Q1 loss on market volatility, product mix

Earnings, loanDepot /

Loandepot slipped deeper into the red to start the year as executives blamed the firm’s performance on market volatility and tighter margins from the product mix shift over the winter.  Processing Content The lender and servicer Tuesday posted a $54.9 million net loss for the first quarter, widening losses of $32.8 million and $40.7 million

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Iran war fears push Angel Oak REIT to Q1 loss

Earnings, Industry News, REITs, Secondary markets, Securitization /

Despite ongoing growth in net interest income, economic concerns surrounding the Iran War contributed to a first-quarter loss for Angel Oak Cos.’ publicly traded real estate investment trust, company leaders said.  Processing Content The lender, which specializes in buying and selling non-qualified mortgages in secondary markets, posted a GAAP loss of $7.4 million in the

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Onity Group reduces scope of Finance of America pact

Onity Group reduces scope of Finance of America pact

Earnings, Servicing /

Onity Group announced downscaled servicing-rights sales in its Finance of America agreement and reported a drop in earnings due to interest rate and delinquency-related pressures on Tuesday. Processing Content Net income to common shareholders was $7 million, compared with a S&P Capital IQ Pro consensus estimate of $17.8 million. Onity had earned $126 million in

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Invesco REIT takes loss as Iran volatility hits agency MBS

Capital markets, Earnings, Secondary markets /

Invesco Mortgage Capital recorded a loss under generally accepted accounting principles during the first quarter, when it reported that Iran War volatility weakened agency residential mortgage-backed securities performance. Processing Content The real-estate investment trust reported a net loss attributable to common shareholders of $23.1 million, underperforming consensus estimates for a positive $1.26 million earlier in

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ICE sees transaction revenue surge in mortgage unit

Earnings, Mortgage technology /

Intercontinental Exchange had more green shoots in its mortgage technology business to start the year, including a sizable gain in transaction revenue.  Processing Content The ubiquitous software provider reported mortgage segment revenue of $539 million for the first quarter, building on the 3-year high it posted in the prior reporting period. Within that business, ICE

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Freddie Mac earnings surge on net interest income, credit release

Earnings, Freddie Mac, Mortgages, Secondary markets /

Portfolio growth, a release of credit reserves and strong refinancing activity drove Freddie Mac’s first-quarter earnings up 27% from a year earlier. Processing Content Freddie earned $3.6 billion on a net basis, up from $2.8 billion the previous quarter and a year earlier. It acquired $43 billion in single-family refinances and $60 in purchase loans

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Two Harbors turns GAAP profit amid CrossCountry bid

Earnings, M&A, Secondary markets, UWM /

While Two Harbors Investment returned to profitability in the first quarter on a GAAP basis, the real estate investment trust reported a loss using a non-GAAP metric, comprehensive income. Processing Content Shares of Two Harbors rose 55 cents to $11.56 in the first 10 minutes of Wednesday trading, after CrossCountry raised its acquisition offer to

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