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Earnings

Zillow profit view misses on cool housing market, legal costs

Earnings, Zillow /

Zillow Group Inc. forecast first-quarter profit that falls short of analyst estimates as the home-search site balances legal costs from ongoing litigation and expenses from the company’s partnership with Redfin. Processing Content The Seattle-based company said Tuesday it sees adjusted earnings before interest, taxes, depreciation and amortization range with a midpoint of $167.5 million for the three […]

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Two Harbors shareholder wants to halt UWM deal over filings

Earnings, Law and legal issues, M&A, Servicing /

A Two Harbors Investment shareholder is suing the REIT to halt its deal with United Wholesale Mortgage, raising accusations around financial disclosures and board members’ stock sales.  Processing Content Michael Koblentz also named Two President and CEO William Greenberg and the company’s board of directors as defendants in the lawsuit filed Wednesday in an Illinois

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Realtor.com Q2 revenue rises 10% as visitor traffic outpaces rivals

Clear Cooperation, Damian Eales, Earnings, HWmember, Real Estate, Realtor.com /

Visitor traffic was a high point for Realtor.com during the second quarter of parent company News Corp.’s fiscal year. The firm announced its financial results for the quarter ending on December 31, 2025, on Thursday.  During the quarter, revenue at Move, the operator of Realtor.com was $143 million, a 10% increase from the year prior.

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Champion Homes beats expectations with varied product mix, brand power

Earnings, homebuilder, Manufactured Housing, Products, The Builder's Daily /

Champion Homes (SKY), a Michigan-based manufactured, modular, and mobile homes builder, posted better-than-expected results during a difficult homebuilding sales environment. Amid a challenging market, the builder is leveraging its strong reputation and continually expanding product line to grow its customer base.  Champion’s stock shot up more than 11.0% on Wednesday after the builder released better-than-expected

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ICE reports strongest mortgage revenue in over 3 years

Earnings, Industry News, Mortgage technology, Originations /

Profits for Intercontinental Exchange’s mortgage technology operations remained in the black for the third straight quarter, as the company touted its software adoption even as customers adjusted for recent slowdowns in volume.   Processing Content Revenues for the mortgage unit increased to approximately $532 million in the fourth quarter, increasing from $528 million in the previous

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Two Harbors misses estimates as UWM deal nears

Earnings, Mortgage Rates, Secondary markets, Servicing /

As Two Harbors Investment moves toward its sale to UWM Holdings, the mortgage REIT posted another quarterly GAAP loss and fell short of Wall Street’s earnings expectations, even as results improved sharply from a settlement-driven stumble earlier in the year.   Processing Content The net loss of $1.3 million was much improved from the third

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Newrez bets on tech as MSR losses drag Q4 results

Earnings, Industry News, Servicing /

Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings.   Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary

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PrimeLending stays in the red, losses ease in Q4

Earnings, Originations, Underwriting /

Industry headwinds pushed Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, into the red again in the fourth quarter, the company said. Processing Content Primelending produced a pretax loss of $5.2 million in the fourth quarter, lower than the loss of $7.2 million in the third quarter and the loss of $15.9 million in the

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Waterstone Mortgage has third consecutive quarterly profit

Earnings, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Waterstone Mortgage accomplished a third consecutive quarter of pretax and net profitability, with year-over-year improvements in production and gain on sale. Processing Content Fourth quarter pretax income of $900,000 and net income of $656,000 for the mortgage banking segment of Waterstone Financial compared with $1.3 million and $948,000 in the third quarter, plus approximately $2

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PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff

Earnings, HWmember, Mortgage, Mortgage Servicing, Origination, PennyMac /

PennyMac Financial Services reported its full-year and fourth-quarter 2025 earnings on Thursday, telling investors and analysts that higher mortgage production helped offset pressure on servicing income from increased prepayment activity. The California-based company posted a solid quarter and a strong 2025, but its growth in loan production is doing the heavy lifting. Servicing profitability is

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