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Earnings

Two mortgage giants eye more investor appetite in NYSE Texas

Earnings, Industry News /

Two Texas-based mortgage giants are hoping to attract more investors in their own backyard, announcing dual listings on the New York Stock Exchange Texas. Plano-based Finance of America and Dallas-based Hilltop Holdings, the parent of Plainscapital Bank and Primelending, are founding members of the new fully-electronic exchange headquartered in Dallas. The NYSE, owned by Intercontinental […]

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Guild’s profit rebound and rising refi recapture bolster Bayview bid

Earnings, Guild Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination /

Guild Holdings Co., the parent company of Guild Mortgage, returned to profitability in the second quarter and posted a sharp rise in refinance recapture ahead of its proposed $1.3 billion sale to Bayview Asset Management. Guild reported net income of $18.7 million for the quarter, reversing a $23.9 million loss in Q1. Adjusted net income

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Title’s Big Four post mixed-bag Q2 2025 results

Earnings, Fidelity, Fidelity National Financial, First American, HWmember, Old Republic, Real Estate, Stewart Title, Title, Title insurance /

The second quarter of 2025 was a bit of a mixed bag for the title insurance industry’s four largest players, which the “Big Four” attributed to a variety of factors including slower housing market conditions, legal expenses and weaker performances from their non-title segments.  Stewart posts strong financial results The smallest of the Big Four,

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Blend Labs narrows Q2 losses, announces new head of finance

Blend, Data & Visuals, Earnings, HWmember, LendingLife, Nima Ghamsari, Origination, Technology /

In tandem with its Q2 2025 earnings release, Blend Labs, Inc. announced that Jason Ream will join as the company’s Head of Finance and Administration. Ream, who has over 25 years of experience as a financial and operating leader in technology and software, previously served as the CFO of two public companies, SailPoint Technologies Holdings,

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Title insurers see margins rise, sales still weak

Earnings, MARKETING TO BORROWERS, Originations, Title insurance, Underwriting /

The disappointing spring home purchase season influenced the second quarter results of the publicly traded title insurance underwriters. Certain metrics were strong, with pretax title margins at three of the companies’ showing significant gains versus the second quarter. Stewart was up 630 basis points, First American reported a 530 basis point rise and Fidelity National

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loanDepot shakes up leadership after Hsieh’s comeback

Anthony Hsieh, Earnings, HWmember, LendingLife, loanDepot, Mortgage, Origination, People Movers, Team Leaders /

loanDepot is making more leadership changes following the return of founder and majority stakeholder Anthony Hsieh as CEO. Tom Fiddler has been promoted to president of retail lending while Dan Peña will serve as president of partnership.  John Bianchi, the executive vice president of retail production since 2019, will depart the company. These moves come

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Pennymac restructures more debt with $650 million offering

Earnings /

Pennymac is continuing to restructure its debt, pricing another offering this week.  The correspondent leader priced $650 million of 6.750% senior notes due 2034 on Thursday. The company said it will use the proceeds to repay borrowings under its secured mortgage servicing rights facilities, other secured debt and general corporate purposes.  The move follows two

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Blend ‘turns corner’ and reduces GAAP losses in 2Q25

Earnings, LOAN PRODUCTS, Mortgage technology, Originations, Underwriting /

A takeaway from Blend Labs’ latest earnings is that, although it’s growing consumer banking broadly, the mortgage operations are the biggest investment theme in the short term, Keefe, Bruyette & Woods said. “The company’s expansion into consumer banking adds a new growth vector that should be synergistic with Blend’s mortgage client roster and positions the

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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’s losses are shrinking. It could break even by late 2026

Artificial Intelligence, Better, Earnings, HWmember, Mortgage, Vishal Garg /

Better Home & Finance Holding Co. announced its second-quarter 2025 earnings on Thursday. The company revealed that it’s still operating at a loss, but it showed clear improvement in the second quarter as revenue grew, loan volume rose and its tech offerings expanded. In its earnings call on Thursday, Better disclosed a $36 million net

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