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The San Diego-based lender reported a net loss of $23.9 million for the January-March period, down from a net income of $97.9 million the quarter prior.
May 7 -
The Irvine, California-based firm had a net loss of $40.7 million in the first quarter of 2025, a rebound from a net loss of $67.5 million in the previous period.
May 6 -
Mortgage bankers have been supporting recent updates to the legislative proposal while urging legislators to fast-track it given the phaseout of VASP.
May 6 -
United Wholesale Mortgage originated $32.4 billion, up 17% year-over-year and its best first quarter since 2022, helped by refinance volume of $10.6 billion.
May 6 -
The tool's launch comes as various sources report growth in both serious borrower delinquencies and foreclosure activity over the first few months of 2025.
May 2 -
Fitch says large nonbank lenders are positioned to gain share as they manage debt maturities and outlast smaller rivals hit harder by market volatility.
May 2 -
ICE Mortgage Technology also added 20 new Encompass clients in the first quarter, but the unit still had an operating loss for the period, its 10th in a row.
May 1 -
Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said.
April 30 -
The company maintained its guidance for the year as the bottom line returned to the black in the first quarter, officials reported in an earnings call.
April 30 -
The wholesale lender dubbed the development a "huge win" for itself and the broker community.
April 30