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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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Longbridge, Mutual of Omaha move to dismiss reverse mortgage marketing lawsuit

HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mortgage, Mutual of Omaha, Mutual of Omaha Mortgage, Real Estate Settlement Procedures Act, Reverse, Reverse Mortgage Daily /

Two of the nation’s largest reverse mortgage lenders, Longbridge Financial and Mutual of Omaha Mortgage, have asked a federal judge to dismiss a lawsuit over alleged improper advertising practices, ending a dispute that began in September 2024. According to a joint filing on Tuesday in the U.S. District Court for the Southern District of California,

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Mortgage applications increase 3.2% amid market volatility

HWmember, Mike Fratantoni, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Purchase Applications, Xactus /

Mortgage applications increased 3.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending March 6, 2026. On an unadjusted basis, the index increased 4.1% compared with the previous week. The refinance index 0.5% from the previous week and was 81% higher than the

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Verification is the new credit score

Artificial Intelligence, Contributors, credit report, Credit Score, HWmember, Mortgage, Opinion, Origination /

The mortgage industry does not have a speed problem. It has a confidence problem. For decades, the credit score has served as the central organizing mechanism of mortgage risk. It estimates the probability of repayment using historical behavioral data. It is statistically validated, embedded in capital markets, and operationally indispensable. But the credit score answers

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Radian shuts down mortgage conduit after divestiture process

HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Radian, Secondary market /

Radian is shutting down its mortgage conduit business after a divestiture process, while continuing to explore strategic options for its title and real estate services units, the company confirmed to HousingWire. The conduit, which operated primarily through Radian Mortgage Capital, focused on buying mortgages in the secondary market from lenders and selling them to investors

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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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UWM raises revenue guidance ahead of Two Harbors vote

HWmember, LendingLife, Mat Ishbia, Mergers and Acquisitions, Mortgage, Origination, Two Harbors Investment Corp., United Wholesale Mortgage /

United Holding Corp., the parent of United Wholesale Mortgage (UWM), raised the bar on 2026 revenue expectations, issuing guidance just days ahead of a shareholder vote from Two Harbors Investment Corp. on UWM’s proposed $1.3 billion all-stock acquisition. “Even without the Two Harbors transaction, we now expect our total revenue for the first quarter of

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Floify launches Dynamic Apps 2.0 to support HELOC, specialty lending

Floify, HELOCs, HWmember, Mortgage, Non-QM, Technology /

Floify announced on Tuesday the launch of Dynamic Apps 2.0, an enhancement to its mortgage point-of-sale platform that lets lenders build and manage fully customizable digital loan applications without engineering support or third-party tools. With Dynamic Apps 2.0, lenders can configure loan application experiences by product type and borrower scenario, extending the Floify POS beyond

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West Capital Lending sues loanDepot, alleges unlawful pay scheme

Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Mortgage, Truth in Lending Act /

West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest escalation in a bitter legal feud between the two companies.

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Newrez is waiving lender title insurance on some refis

HWmember, LendingLife, Mortgage, Mortgage Broker, NewRez, Origination, Refinancing, Title insurance, Wholesale Lending /

Multichannel mortgage lender Newrez has launched Newrez TitlePass for use in its wholesale channel, giving mortgage brokers a way to waive the lender title insurance requirement on certain refinance loans. This could potentially save borrowers hundreds or thousands of dollars in closing costs, the company said Monday. The program is offered exclusively through Newrez’s affiliated

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