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With Hsieh in the driver’s seat, loanDepot posts revenue of $283M

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

loanDepot on Thursday reported that its second-quarter 2025 revenue increased by 3% to $283 million and adjusted revenue increased 5% to $292 million compared to the prior quarter. loanDepot’s first quarter saw the return of loanDepot founder and executive chairman Anthony Hsieh to the day-to-day operations at the California-based lender. The company’s second quarter marks the first quarter that Hsieh […]

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Better mortgage spreads lead to the lowest rates of 2025

Federal Reserve, HWmember, Mortgage, Mortgage Rates, Origination /

Today, we had another new low in mortgage rates. It was nothing too drastic, just a 0.2% drop from 6.57% to 6.55%, but it’s on a day that the 10-year yield is currently flat to higher, which means mortgage spreads made the difference today. Just like in 2024, mortgage spreads don’t always get the recognition

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Hometap says it’s only ‘scratched the surface’ with home equity investments

HELOCs, Home Equity, Homeownership, Hometap, HWmember, Investors, LendingLife, Mortgage, Origination /

Boston-based Hometap announced at the end of July that it has deployed more than $2 billion to 20,000-plus homeowners through its home equity investment (HEI) platform. The milestone comes less than 18 months after Hometap achieved $1 billion in home equity investments — a reflection of rising demand for alternative financing solutions. “This milestone reflects

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Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit

Baby Boomer, Cotality, Gen Z, Homebuyers, HWmember, Legislation, Mortgage, Mortgage applications, Origination, Purchase Applications /

Mortgage applications don’t always fail with a formal rejection — many simply stall. A report released last month by Cotality found that homebuyer hesitation often predicts loan fallout, even without an official withdrawal. As a result, the property analytics firm found that 16% of buyers “ghosted” their mortgage applications last year — a trend attributed

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Rocket revamps real estate arm, moves home search to Redfin

Brokerage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies /

Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket

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From order-taker to ally: Reinventing customer success in mortgage tech

Contributors, HWmember, Mortgage, Opinion, Origination, Real Estate Technology, Technology /

Our industry stands at a critical crossroads in the rapidly evolving mortgage technology landscape. For decades, customer service teams have been relegated to roles as reactive problem solvers and order-takers who simply put out fires as they arise. Still, the future of mortgage technology demands a radical reimagining of what customer success truly means. With

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How much lower can mortgage rates go after Friday’s jobs report?

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Origination, Purchase Applications /

Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. Why is this important? Because in the last three years, when mortgage rates fell from 6.64% to 6%, housing demand has improved. Now the question is: can rates go lower? 10-year yield and mortgage rates In my 2025 forecast, I anticipated the

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Trigger lead ban bill advances to Trump’s desk

Donald Trump, HWmember, LendingLife, Mortgage, Origination, Regulatory, Senate, Trump administration, U.S. House of Representatives, U.S. Senate /

The Homebuyers Privacy Protection Act (H.R. 2808) passed through the U.S. Senate with unanimous consent and without amendments late Saturday. The legislation gained approval from the U.S. House of Representatives earlier in June. The legislation is designed to enact a national prohibition on the misuse of trigger leads. Under this act, companies are prohibited from

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The Fed could cut rates in September. Mortgage pros are skeptical of the impact

Federal Reserve, Homebuyers, HWmember, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Refinancing /

While many expect the Federal Reserve to cut interest rates at its September meeting, mortgage professionals caution that even if it happens, it won’t significantly impact the industry. Loan officers have encouraged borrowers to continue with their home loan applications. They note that home sellers and builders are offering concessions to lower rates, while lenders

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Rocket returns to profitability in Q2, yields early benefits from Redfin deal

Earnings, HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, Varun Krishna /

Rocket Companies, the parent of Rocket Mortgage, has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S. The company is now focusing on integrating the recently acquired real estate brokerage firm Redfin, which has already shown early benefits. In the second quarter, Rocket reported a

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