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Figure posts strong Q1 on surge in blockchain lending activity

Blockchain, Earnings, Figure Technologies, HWmember, Mortgage, Origination, Technology /

Figure Technology Solutions reported first-quarter net income of $45 million as the blockchain-based lending marketplace nearly doubled revenue and more than doubled consumer loan marketplace volume year-over-year. The company said on Tuesday that its consumer loan marketplace volume rose 113% year over year to $2.9 billion in the quarter ended March 31. Figure Connect volume […]

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Better cuts costs, expands HELOC push amid mortgage market volatility

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Executives at Better.com said the conflict in Iran is causing some borrowers to delay closing on mortgages, prompting the company to lean more heavily on home equity lines of credit (HELOCs) to sustain origination volume. At the same time, the New York-based digital mortgage lender continues to cut costs in an effort to meet its

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PennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results

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PennyMac Financial Services reported first-quarter net income of $82.3 million, or $1.53 per diluted share, as stronger mortgage production helped offset weaker servicing results tied to mortgage servicing rights valuation changes and hedging losses. The Westlake Village, California-based mortgage lender and servicer posted adjusted net income of $117.7 million, or $2.19 per diluted share, for

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Marty Preston moves to Rate to run profit and loss platform

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Former Benchmark retail president Marty Preston has joined Rate’s profit and loss platform after evaluating more than 20 lenders, the company announced on Tuesday. Preston moves to Rate from Benchmark, where he most recently served as president of retail and division president. At Benchmark, he grew his production team from about $200 million to more

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Rocket Pro extends 100 bps broker credit into May

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Rocket Pro is extending a key pricing incentive for mortgage brokers through May while also expanding its non-QM product offerings, moves aimed at helping brokers close more loans in a challenging housing market. The moves are part of the February 2026 promise the Detroit-based company made to its business partners: a “Power Play” announcement on

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Generic AI won’t fix mortgage lending. Intelligent AI will.

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Mortgage lenders are rushing to adopt AI, but many are repeating a familiar mistake: using new technology to accelerate old processes. Faster paper-pushing isn’t transformation. AI presents an opportunity to go further—but only if lenders approach it correctly.  In mortgage lending, intelligent AI means removing the paper, moving beyond simple automation, orienting technology around measurable

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UWM slams Two Harbors board over $12 offer rejection

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Two Harbors Investment Corp., United Wholesale Mortgage /

UWM Holdings Corp. is challenging Two Harbors Investment Corp.’s board after it rejected a $12 per share acquisition proposal in favor of an $11.30 per share deal with CrossCountry Mortgage LLC, issuing a lengthy response that questioned the board’s analysis and process. In a statement on Monday, UWM said “the TWO Board’s interpretation of the numbers

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CrossCountry raises bid for Two Harbors after rival offer from UWM

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UWM Holding Corp. may not win the bid to acquire Two Harbors Investment Corp., but an unsolicited proposal for the real estate investment trust just forced CrossCountry Intermediate Holdco to raise its offering. Two Harbors announced Tuesday that it amended its merger agreement to increase the all-cash price CrossCountry will pay to $11.30 per share.

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The Gathering 2026: Mortgage execs debate the hidden risks of credit score reform

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Mortgage industry executives say the shift to new credit score models and lender choice could raise mortgage delinquencies, reshape pricing grids at the government-sponsored enterprises (GSEs) and ultimately push costs back onto borrowers, even if the costs for scores fall on the front end. U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner

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SoFi rolls out end-to-end digital HELOC experience, advisory council

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SoFi Technologies this week unveiled a new fully digital home equity line of credit (HELOC) experience, expanding its push into mortgages as more homeowners choose to tap equity rather than move. The company said the new HELOC offering will allow members to access home equity through an end-to-end digital process within the SoFi platform, with

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