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Earnings

KB Home pivots to its build-to-order strengths, but not without risk

Earnings, Homebuilders, Leadership, New Home Sales, Residential Real Estate, The Builder's Daily /

KB Home’s fiscal Q1 2026 results showed weaker revenue and margin performance alongside a strategic shift that management asserts will improve predictability and profitability later this year. Quarterly revenue was $1.08 billion, down nearly 23% year over year. The average selling price fell 3% sequentially and nearly 10% from a year ago. Gross margin fell […]

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Contrarian Smith Douglas leans into its system, goes for market share

Earnings, Homebuilders, Leadership, Residential Real Estate, The Builder's Daily /

Uncertainty, margin compression and the gut-check math of affordability are the givens of a new-home market impatiently waiting for relief on at least one of those three fronts.  Most public homebuilders – facing this indefinite limbo – are doing the same thing: slowing down. Production starts are throttling down. Spec inventory is being sold down.

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Lennar profit drops 56% amid rates, Iran uncertainty

Earnings, Homebuilders, LOAN PRODUCTS, Originations, Politics and policy, REALTORS & HOMEBUILDERS /

Lennar’s management is working through the various challenges facing homebuilders: not just the Iran conflict, but also the antipathy against institution investor purchasers. Processing Content In its first fiscal quarter, which ended on Feb. 28, Lennar earned $229 million, less than half of the $520 million it made for the same period in 2025. The

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Better lost $40M. Its CEO has never been bolder

Better.com, Earnings /

Better Home & Finance is shedding its direct-to-consumer identity as it leans on artificial intelligence to push it out of a long financial slump. Processing Content The now self-described AI-native mortgage platform on Friday promoted growth opportunities from bigger deals, including a new partnership with an unnamed, top-5 nonbank originator. Exuberant founder and CEO Vishal

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Finance of America’s 2025 profit soars 175% behind $2.4B in originations

Earnings, Finance of America, Graham Fleming, Home Equity, HWmember, Mortgage, PHH Mortgage Corp, Reverse /

Finance of America Companies Inc. (FOA) reported $110 million in net income from continuing operations in 2025, a 175% increase from the prior year, as the reverse mortgage and home equity lender benefited from higher funded loan volume and improved operating leverage. The company posted basic earnings per share of $5.04 for the year, while

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FOA reports another loss in Q4, still profits in 2025

Capital markets, Earnings, Originations, Reverse mortgages, Secondary markets /

Finance of America posted another net loss in the fourth quarter, but saw significant profit increases for 2025 as a whole. Processing Content The reverse mortgage company reported a $21 million loss from continuing operations in the fourth quarter, a $7-million improvement from the previous quarter, FOA revealed on an earnings call Tuesday. On an

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LoanDepot bets on refi wave with wholesale return

Earnings, Industry News, loanDepot, Originations, Wholesale lenders /

One day after announcing plans to reenter the wholesale lending business, LoanDepot said the move reflects its expectation that refinance activity will drive origination growth across multiple channels. Processing Content “Getting back into wholesale, which is a business that we were in previously, is going to allow us to achieve greater scale,” said CEO Anthony

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loanDepot reports $108M loss in 2025 even as volume, margins improve

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

loanDepot reported a smaller net loss for 2025 as revenue and margins improved, but results weakened in the fourth quarter as margins declined. The Irvine, California-based mortgage lender’s earnings showed signs of recovery as the company aims to improve volume and market share. loanDepot posted a net loss of $108 million for the full year,

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Planet Financial grows 58% in originations, 21% servicing

Planet Financial grows 58% in originations, 21% servicing

Earnings, MARKETING TO BORROWERS, Originations, Servicing /

Planet Financial Group was able to achieve its annual growth rates of 58% in its originations business and 21% in its servicing portfolio organically. Processing Content The company, which did several acquisitions in recent years, achieved the 2025 growth on its own, Michael Dubeck, CEO and president of Planet Financial said in an interview. “To

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