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KBW says UWM is well positioned despite market pressures

Artificial Intelligence, HWmember, Keefe, Bruyette & Woods, LendingLife, Mortgage, Mortgage Broker, Origination, Servicing, Subservicer, United Wholesale Mortgage /

Analysts at Keefe, Bruyette & Woods (KBW) said UWM Holdings Corp., the publicly traded parent company of United Wholesale Mortgage (UWM), is positioned for continued growth despite elevated interest rates. It points to expanded broker market share, in-house technology investments and a push to bring mortgage servicing operations fully in-house. In a research note published […]

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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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Rithm Capital delays Newrez public listing, eyes M&A opportunities

Earnings, HWmember, LendingLife, Mortgage, Mortgage Servicing, NewRez, Origination, Subservicer /

Rithm Capital, the parent of multichannel mortgage lender Newrez, said it’s not currently moving forward with plans on an initial public offering for the subsidiary as it focuses on supporting the firm’s broader portfolio. Instead, the firm is turning its attention to mergers and acquisitions, even amid macroeconomic uncertainty. “First of all, we spent a

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