Industry News from National Mortgage News

First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer.

Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt.

Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform.

The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders.

Rocket Cos. fell just $200 million short of United Wholesale Mortgage in Q1, as servicing recapture from its massive MSR portfolio fueled $44.7B in closed loan volume.

The buyer will add around 800,000 loans to its hefty servicing portfolio, while Valon said it will shift away from servicing to focus on technology.

The new law, which will mandate the Bureau of Indian Affairs to approve or deny loan applications within 30 days, passed with wide bipartisan support.

The real estate technology company reduced its workforce and consolidated select vendor relationships. These moves will save the company roughly $2 million.

The lender says it's willing to "cut costs deeper" if macroeconomic conditions hinder it from reaching a breakeven adjusted EBITDA goal later this year.

Rocket Cos. gave generous stock awards to its leaders for a busy year, while Better Home & Finance awarded raises to leaders after a difficult stretch.

The percentage of investors who view the market as better than it was a year ago fell to 36% from 45% in the winter, according to a spring survey.

Dino Lack will lead Union Home's efforts to improve the lending experience through advanced workflow automation and artificial intelligence integration.

The company turned a GAAP profit of $170.4 million for the quarter, with its volume and margins relatively flat compared with the fourth quarter of 2025.

Finance of America's earnings per share came out to $1.10, double that of the first quarter of 2025 and well above the a S&P Capital IQ Pro consensus estimate of $0.84.

PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.

The lender and servicer, which continues to make investments ahead of a future high-demand cycle, has reported tumbling margins in the past year.

Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.

Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.

CrossCountry defended its lower bid for Two Harbors, looking to refute UWM's arguments regarding the status of its financing for the all-cash offer.

The company revised the deal after consulting with Ginnie Mae and reported lower earnings due to rate volatility, refinancing and FHA delinquencies.