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Longbridge posts $8.6M profit, record proprietary reverse volume

Earnings, Ellington Financial, HWmember, LendingLife, Longbridge Financial, Mortgage Servicing, Reverse, Reverse Mortgage Daily /

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 […]

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loanDepot’s Q3 loss narrows as revenue climbs 14%

Anthony Hsieh, Earnings, HWmember, LendingLife, loanDepot, Mortgage, Origination /

loanDepot reported a smaller loss in the third quarter as higher loan volumes, improved margins and increased servicing income boosted its results. Revenue for the California-based mortgage lender rose 14% from the previous quarter to $323 million, while adjusted revenue increased 11% to $325 million. Pull-through weighted gain-on-sale margins rose 9 basis points to 339

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Rithm ends $33B subservicing deal with Onity

HWmember, LendingLife, Mortgage Servicing, Onity Group, PHH Mortgage Corp, Servicing /

Rithm Capital will no longer use Onity Group’s servicing subsidiary, PHH Mortgage Corp., as the subservicer of a $33 billion portfolio primarily composed of pre-2008 loans — ending an agreement that has lasted nearly a decade. Onity, which released its third-quarter earnings on Thursday, said it was notified by Rithm on Oct. 31 of its

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Rocket’s integrations of Redfin, Mr. Cooper lift Q3 results above forecasts

Earnings, HWmember, LendingLife, Mortgage, Mr. Cooper, Origination, Redfin, Rocket Companies, Rocket Mortgage, Varun Krishna /

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

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Debate heats up around GSEs’ potentially larger role as MBS buyers

Fannie Mae, Federal Reserve, FHFA, Freddie Mac, HWmember, LendingLife, MBS, Mortgage, Mortgage Rates, Regulatory /

Mortgage industry experts are divided over the idea of allowing Fannie Mae and Freddie Mac to increase their purchases of mortgage-backed securities (MBS) in order to reduce mortgage rates, a proposal recently suggested by trade groups.  While the government-sponsored enterprises (GSEs) could create demand quickly amid a reduction in the Federal Reserve’s presence in the

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Chris Planto returns to Rate as VP of mortgage lending

CrossCountry Mortgage, Houston, HWmember, LendingLife, Mortgage, Origination, People Movers, Rate, Team Leaders, Texas /

Top-producing mortgage originator Chris Planto has rejoined Rate as vice president of mortgage lending in the Houston market. Planto returns to Rate from CrossCountry Mortgage, where he most recently served as a senior loan officer. “We are absolutely thrilled to welcome back Chris Planto to our Rate family,” said Todd Heaton, an executive vice president

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Newrez boosts Rithm Capital’s Q3 earnings

Earnings, HWmember, LendingLife, Mortgage, Mortgage Servicing, NewRez, Origination, Wells Fargo /

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

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Fed prepares to pivot balance sheet, with potential ripple effects for mortgages

AnnieMac, Bank of America, Federal Reserve, HWmember, Jerome Powell, LendingLife, MBS, Monetary policy, Mortgage, Mortgage Rates, Regulatory, UMortgage /

A growing number of economists believe that the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry. Over the past few weeks, central bank officials have signaled they are prepared to wind down the policy aimed at shrinking

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Optimal Blue comes out swinging on price-fixing lawsuit

Joe Tyrrell, Lawsuit, Legal, LendingLife, Mortgage, Optimal Blue /

Optimal Blue has responded to a class action lawsuit filed against it and 26 mortgage lenders, calling the claims “baseless” and “frivolous” and vowing to fight the lawsuit “all the way through.” “Optimal Blue is aware of the complaint filed against it, Black Knight, Inc., and many of the largest mortgage lenders, alleging a purported

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ICE’s First Look report shows mortgage performance is strong despite FHA strain

Delinquencies, FHA loan, Foreclosure, HWmember, ICE Mortgage Technology, LendingLife, Mortgage, Servicing /

The mortgage market remains largely resilient — with delinquencies and foreclosures still below long-term averages — even as performance among Federal Housing Administration (FHA) loans continues to weaken. That’s according to ICE Mortgage Technology’s First Look report on September mortgage performance data. The data, released Friday, show the national delinquency rate — loans 30 or

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