The Irvine, California-based firm reported a net loss of $67.5 million in the fourth quarter.

The company is a leading player in the primary and secondary markets for government-backed reverse mortgages and also has been developing proprietary products.

Origination volume at the San Diego-based company rose 57% to $24 billion in 2024.

Easing regulations on the GSEs will likely drive elevated activity in non-QM if or when it occurs, leaders at the real estate investment trust also said.

Its Arc Home lending business made money in December and January as the company leans more into home equity originations, which helped financial performance.

Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations.

The company missed analysts' quarterly forecasts on operating earnings per share due to higher mortgage servicing rights amortization and operating expenses.

Parent company Remax is reporting growing momentum in Wemlo, its technology unit that offers processing automation for loan brokers, which hiked prices last year.

The private mortgage insurers reported just 5% less business versus the third quarter and 33% more new insurance written over the fourth quarter 2023.

The enterprise failed to improve on its net income but did report a steady profit, and got closer to meeting minimum risk-based regulatory capital requirements.