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Earnings

Bank of America inches past estimates, buoyed by net interest income

Bank of America, Brian Moynihan, Earnings, Wealth management /

Key Insight: Bank of America’s earnings narrowly surpassed Wall Street’s expectations in the fourth quarter of 2025. Supporting Data: BofA’s earnings per share reached $0.98 in last year’s final quarter, edging past analysts’ estimates of $0.96, according to S&P. Expert Quote: “While any number of risks continue, we are bullish on the U.S. economy in […]

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JPM’s 4Q gain-on-sale drop off a negative sign for IMBs

Earnings, JPMorgan Chase, MARKETING TO BORROWERS, Originations /

Mortgage originations for JPMorgan Chase were “modestly” over what analysts expected, but even with the increase in the retail channel share, gain on sale was down. Processing Content This is an early downbeat sign for the independent mortgage banking community, a report from Keefe, Bruyette & Woods indicates. Chase is the first large bank to

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Fitch flags rising leverage across nonbank lenders

Earnings, Servicing, Underwriting /

Fitch Ratings says its 2025 review of nonbank mortgage lenders reflects how the biggest players have strengthened their franchises during three years of consolidation. Processing Content “The largely stable outlooks reflect Fitch’s expectation that the operating environment will improve moderately and financial metrics will remain within rating sensitivities,” the report said It cited Inside Mortgage

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Toll Brothers leans on luxury to navigate homebuilding’s headwinds

Earnings, homebuilder, Homebuilders, Leadership, Luxury Real Estate, The Builder's Daily, Toll Brothers /

For Toll Brothers, whose enviable core customers are ones whose financial wherewithal effectively shields them from worries about high prices and high interest rates, the question is not “can they buy?” It’s will they? And will they buy now? “America’s Luxury Homebuilder” continues to rely on its move-up, active adult, and luxury segments — and

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Rocket, Rithm and Dynex are BTIG’s favorite mortgage stocks

Earnings, LOAN PRODUCTS, Mortgage technology, Originations, Stocks, The Great American Mortgage Corporation /

Rithm, Rocket and Dynex are BTIG’s favorite mortgage stocks heading into 2026 following a strong year for the industry’s publicly traded companies in general, driven by an accommodative Federal Reserve policy. That allowed industry stocks to rebound after the “Liberation Day” tariff announcements in April. “We expect earnings and stock valuations across the mortgage sector

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IMBs gain on sale is up, profitability isn’t

Earnings, LOAN PRODUCTS, Originations, Secondary markets /

While gain on sale margins for mortgage lenders were at least stable, if not improved, in the third quarter compared to prior periods, that did not necessarily translate to improved profitability, separate reports from Morningstar DBRS and Boston Consulting Group revealed. The Morningstar report looked only at independent mortgage bankers, and the group it pulled

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Beazer Homes shifts to move-up buyers, bets on energy efficiency

Earnings, homebuilder, Homebuilders, Leadership, The Builder's Daily /

As major builders like D.R. Horton and Tri Pointe Homes trim new home starts to protect margins, Beazer Homes is taking a page out of Lennar’s playbook. Beazer’s Q4 earnings call reveals a builder determined to sustain a robust sales pace, even as it navigates a lower-margin reality driven by a spec-heavy approach and increased

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Loan profits improve for IMBs in 3Q

Earnings, LOAN PRODUCTS, Originations, Underwriting /

Independent mortgage bankers reported a second consecutive quarter of profits on their loan production, helped by the September rate drop and surge in application volume, the Mortgage Bankers Association said. Between originations and servicing income, roughly 85% of the 325 companies which participated in the Quarterly Mortgage Bankers Performance Report were profitable. “After a series

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Figure’s marketplace accelerates with $2.5B in Q3 volume

Earnings, Figure Technologies, HELOCs, Home Equity, HWmember, LendingLife, Mortgage, Origination /

Figure Technology Solutions reached $2.5 billion in consumer loan marketplace volume in the third quarter of 2025 — a 70% year-over-year increase, the company reported Thursday in its first earnings release since going public. Most of Figure’s volume continues to come from home equity lines of credit (HELOCs). New product categories — including crypto-backed loans,

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Figure posts huge HELOC volume in strong earnings debut

Earnings, Fintech, LOAN PRODUCTS, Originations /

Figure Technology Solutions posted a strong quarter in its first public earnings report, including $2.4 billion in home equity line of credit lending.  The fintech, which went public in September, recorded $89.8 million in net income for the third quarter, exceeding a Standard & Poor’s consensus estimate of $35 million. That also surpassed its $27.4

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