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Pennymac, Rocket, UWM: What analysts expect in Q4 earnings

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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 […]

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Federal Reserve keeps benchmark rate unchanged

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The Federal Reserve held its benchmark interest rate steady Wednesday in a target range of 3.5% to 3.75%. The decision was widely expected as little has changed since December in the balance of risks tied to its dual mandate of maximum employment and price stability, economists said. “Available indicators suggest that economic activity has been

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Mortgage rates steady ahead of Fed’s January meeting

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The Federal Reserve is set to wrap up what’s expected to be an uneventful two-day meeting on Wednesday. Mortgage rates remain in the low-6% range and aren’t likely to swing one way or the other as policymakers should keep benchmark rates unchanged. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.17%, down 4

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Will stable mortgage rates and home prices set the table for a strong 2026?

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Mortgage rate movement remains stuck in neutral as 2025 comes to an end, but the U.S. housing market has shown signs of life during a traditionally slow period. On Monday, Mortgage News Daily reported an average 30-year fixed rate of 6.19%, down 5 basis points from a week earlier. And on Tuesday, HousingWire’s Mortgage Rates

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loanDepot’s Q3 loss narrows as revenue climbs 14%

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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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Loandepot touts growth trajectory after latest earnings loss

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Loandepot leadership said the company has set the course for profitability but still ended up in the red at the end of the third quarter, posting a loss for the fourth straight earnings period.  The national lender reported a net loss totaling $8.7 million based on generally accepted accounting principles, with the total including fair-value

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Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads

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loanDepot wasn’t the first mortgage lender to accuse West Capital Lending (WCL) of engaging in unlawful business practices — allegations that have drawn renewed attention to the tensions between retail mortgage lenders and brokerages in California. The cases spotlight the transfer of leads and borrowers when loan officers move between companies, raising questions about the

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Mortgage executives call for a renewed leadership model

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Leadership in mortgage origination is changing alongside shifting market conditions — but that’s a good thing, according to a panel of senior mortgage executives at The Sales Mastery event powered by Momentum Builder in Dallas this week. Bill Hart, national leadership coach at Movement Mortgage, Natalie Overturf, vice president and divisional sales leader at CMG

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Giorgio Bertuol named president of sales at West Capital Lending

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West Capital Lending on Tuesday announced that Giorgio Bertuol is taking on the role of president of sales. Bertoul comes from loanDepot, where he served as the executive vice president of sales since September 2011, per his LinkedIn. loanDepot has been shaking up its leadership since its founder, Anthony Hsieh, returned to the helm. In

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loanDepot challenges class-action suit tied to LO comp rules, steering

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loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated,

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