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Earnings

ICE unfazed by big lender exits as it adds more customers

Earnings, Mortgage technology, Technology /

Intercontinental Exchange is making more money from its mortgage technology unit, profits executives said should remain steady with new customers offsetting big-name departures.  The sprawling financial giant reported $22 million in mortgage technology operating income for the third quarter, trending upward after past losses flipped into the black in the second quarter. On an adjusted […]

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Newrez posts fourth straight quarterly profit

Earnings, Industry News, Originations, REITs, Servicing /

Newrez posted a fourth straight quarterly profit, as parent company Rithm Capital pointed to a new servicing deal with Wells Fargo and falling interest rates as drivers of recent momentum.  Technology, particularly investments in artificial intelligence, also paid dividends that drove profits for Newrez, said the lender’s President Baron Silverstein.  “Even with increased production, our

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Credit provision shifts drive Freddie Mac’s earnings

Earnings, Freddie Mac, Originations, Secondary markets, Servicing /

Freddie Mac, like larger counterpart Fannie Mae, reported another profitable quarter that could fuel more interest in a potential new public offering for some of their shares. The government-sponsored enterprise earned $2.8 billion in net income during the quarter, compared to $2.39 billion the previous fiscal period and $3.11 billion a year earlier. The pattern in

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CoStar can’t stop talking about Zillow as Homes.com growth surges

Andy Florance, Brokerage, CoStar Group, Earnings, Homes.com, HWmember, Real Estate, Zillow /

It may have been CoStar Group’s earnings call, but Zillow, the rival of its North American residential real estate portal Homes.com, was certainly a hot topic of conversation.  CoStar Group executives entered their discussion of Zillow by highlighting Homes.com’s growth over the past year, which included a 1,225% annual increase in annualized net new bookings,

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Fannie Mae’s Q3 2025 earnings rise to $3.9 billion

Bill Pulte, Earnings, Fannie Mae, GSEs, HWmember, Mortgage, Origination /

Fannie Mae announced its earnings on Wednesday, reporting net income of $3.9 billion for the third quarter of 2025, compared with $3.3 billion for the second quarter of 2025. The quarter marked the government-sponsored enterprise’s 31st consecutive quarter of positive earnings. In its earnings call Wednesday morning, Fannie Mae’s Chief Financial Officer, Chryssa C. Halley,

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Fannie Mae’s earnings rise, equity nears $106B

Earnings, Fannie Mae, Secondary markets /

Fannie Mae’s latest results show stockholders’ equity rose further in the third quarter as earnings came in higher than in the previous fiscal period and approached year-ago numbers. The government-sponsored enterprise, which is the larger of two conservatorship entities the Trump administration is considering monetizing through a new stock offering, reported $3.9 billion in net

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Two takes a loss on settlement, emerges with ‘clean slate’

Earnings, Originations, REITs, Servicing /

Two, a mortgage real-estate investment trust, reported a third-quarter loss as it absorbed previously announced settlement costs while also releasing news of some volume gains in subservicing and originations. RoundPoint’s corporate parent reported a net loss to common shareholders of almost $141.25 million or nearly $80.21 million on a comprehensive basis. Common shares’ second quarter

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Primelending management cautiously optimistic about 2026

Earnings, MARKETING TO BORROWERS, Originations, Secondary markets /

After another money-losing quarter for Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, company management was cautiously optimistic about the future. In the third quarter, the mortgage business lost $7.2 million on a pretax basis. While it did turn a pretax profit of $3.2 million in the second quarter, in the three prior periods, Primelending

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Profits up while sales fall: How homebuilders did it

Earnings, Homebuilders, Housing markets, Originations /

Publicly traded homebuilders were tested in the most recent quarter by slowing volume and political and economic factors, but proved resilient as they navigated through various challenges.                Companies reported shrinking profits but still posted positive numbers, with falling mortgage rates providing some boost, even as consumer sentiment languishes.   Although the cloud of tariff policies continues

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