Better’s Q1 results showed rising embedded mortgage volume, expanding HELOC production, and improving unit economics, even as net losses widened
Tagged: Earnings
Company highlights strength of strategic acquisitions, integrations, product innovations as it furthers its mortgage ecosystem
Company sees net loss of $23.9 million for quarter due to valuation adjustment on MSRs
Soon-to-be interim CEO Hsieh says company will focus on multi-channel sales model, proprietary tech stack, and servicing business
Even so, company’s net income for the quarter falls 82% YoY to $0.2 million
President and CEO Ishbia underscores operational capacity and efficiency, hints at big moves to come
Earnings backed by increased investment in Non-QM residential mortgage loans
GSE sees chance to ‘strip away unnecessary bureaucracy and eliminate non-essential activities’ to drive tech investments, lower origination costs
Fannie Mae’s net income falls 11% from Q4 2024 as net worth climbs nearly 4% to $98.3B
Total funded originations for quarter for Rithm's Newrez were $11.8B, a 9% YoY increase