Detroit-based Rocket Companies, the parent of Rocket Mortgage, saw its strategy of investing in technology and…
Tag: Earnings
What Home Depot’s earnings mean for the housing market outlook
Home Depot raised its fiscal outlook after strong third-quarter 2024 sales, driven by demand for seasonal…
Longbridge parent posts softer earnings in Q3 2024
Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, saw its…
Zillow’s mortgage revenue soars on lower interest rates
A stagnant housing market hasn’t held back Zillow’s mortgage business. On its third-quarter earnings call Wednesday…
Guild posts $67M loss in Q3 even with moderate gain in origination volume
Guild Holdings Co., the parent company of Guild Mortgage, sustained a $66.9 million loss in the…
loanDepot returns to profitability, announces new strategic plan
loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses.…
Robert Reffkin wants to make Compass a hub for real estate listings
Compass’s plan for future success? Become a hub for real estate listings. Brokerage founder and CEO…
How Pennymac is navigating the double-edged sword of lower rates
The third-quarter financials for Pennymac Financial Services illustrate the double-edged sword of declining interest rates for…
Bank of America mortgage origination volume declines 7% in Q3
In the third quarter of 2024, Bank of America (BofA) saw a decline in mortgage production,…
Fed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it sustainable?
Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO…