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Retail Lending

CrossCountry Mortgage to strengthen footprint with Summit M&A deal

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed. “In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition […]

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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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APM leaders discuss succession planning and 2026 strategy

HWmember, Lenders, Mortgage, Origination, Retail Lending, Team Leaders /

Last month, American Pacific Mortgage (APM) announced a leadership transition as the company nears its 30th anniversary. The company’s longtime chairman and former president and CEO, Bill Lowman, said he plans to retire after more than two decades with APM. As part of the leadership transition, Ned Payant, APM’s former CEO, stepped into the role of

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Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition

HWmember, Lenders, LendingLife, Maryland, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a

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Planet Home Lending hires John Adams as renovation leader

HWmember, Mortgage, People Movers, Planet Home Lending, Retail Lending, Team Leaders, Veterans /

Planet Home Lending on Thursday announced the appointment of John Adams as retail renovation leader as the company seeks to enhance its home renovation expertise and unlock more housing opportunities for borrowers. Adams will focus on training and supporting Planet’s distributed retail loan originators and educating real estate agents nationwide. He will also educate veterans

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Smartfi Home Loans shutters retail division

HWmember, Retail Lending, Reverse, Reverse Mortgage Daily, San Diego, Smartfi Home Loans, Wholesale Lending /

San Diego-based Smartfi Home Loans, a top 15 U.S. reverse mortgage lender, recently made the decision to close its retail division and place an “exclusive focus” on its wholesale channel, the company confirmed Tuesday with HousingWire’s Reverse Mortgage Daily. The move was officially announced Sept. 15 and ends a short stint for the company’s retail

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Does the trigger leads bill opt-in provision wave goodbye to competition?

Consumer Protection, HWmember, IMBs, Lead Generation, Mortgage, Mortgage Broker, Regulatory, Retail Lending /

A long-awaited crackdown on trigger leads is on its way to President Donald Trump’s desk, but not everyone in the mortgage world is celebrating. Nestled in the bill is a provision that’s leading professionals to raise doubts about whether the measure is a consumer safeguard or a competition killer.  “The act will require consumers to

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Planet Financial posts 64% annual growth in residential originations

Correspondent Lending, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Origination, Planet Home Lending, Retail Lending /

Planet Financial Group LLC, the parent of national mortgage lender Planet Home Lending, on Tuesday reported strong growth across its servicing, origination and asset management channels in the second quarter of 2025. The company — which also does business under the name Planet Loan Servicing and asset manager Planet Management Group — grew its total

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Michael Isaacs out as CEO of Go Mortgage

HWmember, Lenders, Mortgage, Ohio, People Movers, Retail Lending, Team Leaders /

Go Mortgage‘s majority owner and CEO Michael Isaacs have parted ways, sources told HousingWire this week. Staff at the Ohio-based retail lender were told on Monday that Isaacs’ tenure was over, and that majority owner Jordan Hansell had named himself as interim CEO. The departure was a mutual decision, with Hansell and President Andrew Paganos

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InGenius acquires mortgage recruiting platform SIMPL

HWmember, Mergers and Acquisitions, Mortgage, Retail Lending, Technology /

Another merger and acquisition deal has hit the housing industry. Real estate and mortgage intelligence provider InGenius announced Wednesday that it has acquired SIMPL, a recruitment platform designed to support retail mortgage branch managers, and it has incorporate it into its existing data tools. Built by Fobby Naghmi and John Perry, SIMPL stands for Strategic

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