Higher pretax income from its originations business in the first quarter versus comparative period was offset by lower earnings related to servicing for PennyMac Financial Services. Processing Content The company reported net income of $82.3 million for the first quarter. This compared with $106.8 million for the fourth quarter and $76.3 million for the first […]
PennyMac 1Q profit falls as servicing drags on results Read More »
Figure Technology Solutions announced its second partnership over the past month, this time with an AI-powered working capital company focused on expanding and democratizing access to financing for small- and medium-sized businesses. Processing Content The collaboration with Credibly will help Figure grow its presence in the SMB lending space, one of the company’s fastest growing
Figure partners with Credibly to expand SMB lending Read More »
US new-home sales rose in March by more than forecast as the median selling price slid to a more than four-year low and builders offered incentives. Processing Content New single-family home sales increased 7.4% from February to an annualized 682,000 pace, the fastest this year, according to government figures out Tuesday. The median estimate in
New-home sales increased in March to fastest pace of year Read More »
When doing these surveys over the years a common comment we receive is that they reward those who have high unpaid principal balance totals because they get their loans from areas with elevated home prices. Processing Content To recognize those who do plenty of business, but whose results are not seen in the dollar totals,
2026 Top Producers by number of loans originated Read More »
Chase Home Lending is offering a mortgage rate discount for the next two weeks to boost activity in the second half of the spring homebuying season. Processing Content The promotion offers rate cuts of as much as 25 basis points, depending on product and location, on new-home purchases as well as rate-and-term and cash-out refinance
Chase Home Lending offers temporary mortgage rate discount Read More »
Home Equity Conversion Mortgages endorsements fell for the second month in a row in April, although trends show proprietary reverse products are now filling some of the void. Processing Content Endorsements of the Federal Housing Administration-backed product dropped 1.4% between February and March to 2,088 loans from 2,117, maintaining a slowdown that appeared in the
HECMs lose ground to proprietary reverse products Read More »
More mortgage firms are suing their counterparties over buyback demands. Processing Content In the past six months, several lenders and servicers have sued origination partners over repurchases, for funds experts say they may never recoup. Although the latest federal complaints are small in number, they’re ticking up again after a small wave of the complaints
Lenders are taking more repurchase demands to court Read More »
Highlands Residential announced Thursday that it has purchased The Equitable Mortgage Corp. in Dublin, Ohio. Processing Content Terms of the transaction were not disclosed. The purchase gives one of the lenders that has consistently appeared in The Best Mortgage Companies to Work For rankings access to an operation founded in 1995 that has steadily grown
Highlands Residential buys The Equitable Mortgage Corp. Read More »
Half of all mortgage lending is dominated by just a handful of lenders, with 2025 trends showing improving business conditions, but a still-uneven recovery from the housing slowdown earlier this decade. Processing Content The top five lenders produced a little more than 20% of total loan volume last year based on both unit and dollar
Largest lenders generate 20% of total mortgage volume Read More »
Maintaining a back-to-basics philosophy in turbulent times is what helped set these leading mortgage originators ahead of the crowd during 2025. Processing Content The No. 1 producer, Shant Banosian, added to his responsibilities in 2025, becoming the president of Rate. Still, he stuck to the basics, working with his Realtor referral partners, helping them navigate
How these top producers crushed it in a tough market Read More »