Tagged: Earnings

Garg proposes human engagement as a fallback and production costs below $1,000 per mortgage, while blaming the board fight for lost momentum

The lender’s shares have traded below the exchange’s $1 threshold, putting a potential reverse stock split on the table

Founder claims majority shareholder support; company blames him for its delayed 10-Q and raises possible securities-law concerns

Consumer loan marketplace volume reached $4.3 billion as Figure Connect drove more production off the company’s balance sheet and helped lift adjusted margins to a record 55%

Retail funded-loan count rose 33% from the first quarter with stable sales capacity, while proprietary products gained traction by offering some borrowers more cash than HECMs

The lender is concentrating on wholesale, consumer retention, and servicing while handing off distributed retail and preparing for more than $65 million in annual technology savings

Platform volume overtook DTC, but costly enterprise integrations have yet to deliver, and new partnership growth is not expected until Q4

Redfin leads and servicing recapture lowered acquisition costs, while Rocket Pro posted a 0.69% margin amid investments in its Compass partnership

Home equity and purchase lending lifted production economics, while management characterized its relaunched wholesale channel as a supporting business rather than a major growth engine

Better’s Q1 results showed rising embedded mortgage volume, expanding HELOC production, and improving unit economics, even as net losses widened