As Two Harbors Investment moves toward its sale to UWM Holdings, the mortgage REIT posted another quarterly GAAP loss and fell short of Wall Street’s earnings expectations, even as results improved sharply from a settlement-driven stumble earlier in the year. Processing Content The net loss of $1.3 million was much improved from the third […]
Two Harbors misses estimates as UWM deal nears Read More »
Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings. Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary
Newrez bets on tech as MSR losses drag Q4 results Read More »
Industry headwinds pushed Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, into the red again in the fourth quarter, the company said. Processing Content Primelending produced a pretax loss of $5.2 million in the fourth quarter, lower than the loss of $7.2 million in the third quarter and the loss of $15.9 million in the
PrimeLending stays in the red, losses ease in Q4 Read More »
Waterstone Mortgage accomplished a third consecutive quarter of pretax and net profitability, with year-over-year improvements in production and gain on sale. Processing Content Fourth quarter pretax income of $900,000 and net income of $656,000 for the mortgage banking segment of Waterstone Financial compared with $1.3 million and $948,000 in the third quarter, plus approximately $2
Waterstone Mortgage has third consecutive quarterly profit Read More »
PennyMac Financial Services fourth quarter earnings were affected by the lower interest rate environment in the quarter, coming in higher year-over-year but reduced versus the linked quarter. Processing Content PFSI reported $106.8 million in net income for the quarter and $501.1 million for the year. A year earlier, the company had earned $104.49 million for
PennyMac Q4 earnings miss as margins, servicing slip Read More »
Fourth-quarter results for nonbank mortgage lenders should highlight differences in business models, balance sheets and strategic bets as lenders position themselves for growth in a still-uneven housing market, analysts say. Processing Content From PennyMac’s perceived valuation gap to Rocket’s acquisition-driven quarter and United Wholesale Mortgage’s steady volume gains, analysts see diverging paths among the largest
Pennymac, Rocket, UWM: What analysts expect in Q4 earnings Read More »
On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with
Onity Group raises $200M in debt, reports strong estimated Q4 earnings Read More »
Key insight: BOK’s new mortgage-finance unit is gaining traction, and its portfolio could reach $1 billion in commitments by year-end. Expert quote: “I think the setup for 2026 is probably as good as I can remember, both from a company-performance perspective and from an economic-backdrop perspective.” — BOK Financial President and CEO Stacy Kymes Supporting
BOK counting on mortgage finance for a boost in 2026 Read More »
Mortgage servicer and originator Onity Group reported a range of earnings estimates for net income to common shareholders that were stronger than previous quarter and year-ago periods despite a negative servicing line item. Processing Content Estimated net income to common shares ranged from $107 million to $131 million, improving on $18.7 million in the third
Onity’s earnings estimates improve despite servicing loss Read More »
Federal efforts to push rates lower have helped boost mortgage production, but they are also creating headwinds for servicing that are starting to show up in earnings. Processing Content US Bank generated record revenue overall, but in the details beneath that top-line item was a $11 million drop in the valuation for servicing rights, net
Banks see MSR strain despite strong top-line results Read More »