Corporate finance

Many servicing metrics look weaker amid lower rates although valuations can vary depending on companies' models, operations and portfolio composition.

The company reported net income of $5.6 million in 2025, up 61.9% from the year prior, while mortgage banking revenue decreased by $120,000, or 39.5%.

The San Francisco-based banking giant reported solid gains in credit card and auto lending as credit remained in check and quarterly operating costs declined from a year ago.

The megabank's net income declined by 13% during the fourth quarter as a result of a $1.2 billion pretax loss on sale related to the divestiture of its remaining operations in Russia.

In the fourth quarter of 2025, America's second-largest bank posted earnings that came in just above Wall Street's forecasts.

The bank did $16 billion of originations during the final three months of 2025, with the quarter-to-quarter increase beating industry-wide growth forecasts.

For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.

BTIG is waiting with "baited breath" for Fannie Mae and Freddie Mac to relist their common stocks, but if spreads widen, it could derail it from happening.

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior.

The vendor, SitusAMC Group Holdings, LP, said in a statement Saturday that someone compromised its systems and took client data including "accounting records and legal agreements." 

Advances from the Federal Home Loan Banks dipped in the third quarter, but experts do not necessarily see the dip as a sign of ample liquidity in the economy.

Independent mortgage bankers were in the black for each loan originated during the third quarter, as low rates brought an application surge in September.

The fintech had over $2 billion in home equity line of credit volume in the third quarter and reported growing production in its crypto and non-QM offerings.

The lender, which crossed the $1 billion origination mark for the second consecutive quarter, is bullish on several new mortgage partnerships.

While all six companies were profitable in the third quarter, most had earnings which were down from the prior periods, with MGIC setting a milestone.

All five publicly traded title insurance companies reported a year-over-year increase in earnings during the third quarter, but only two had higher orders.

Company leaders said current strategy sets it up to profit and compete against its rivals as the mortgage market improves in the coming months.

UWM Holdings set a single-day record for rate locks in September at $4.8 billion, taking advantage of the window of opportunity leading up to the FOMC meeting.

The company posted its best quarter for funded loan volume and shared other green shoots including greater margins on less reverse mortgage business.

The lender reported $33.3 million in net income in the third quarter this year, up from the second quarter and same period a year earlier.