Tagged: profits

Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings

Typical U.S. home sale profits dipped to 50% in Q1 2025, down nearly 5 points year-over-year, according to ATTOM data

Falling percentage of mortgage companies reporting a pre-tax net financial profit

The nation's second-largest lender starts off the year strong

Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports

Although revenue fell slightly, average production costs dropped by about $1,800 per loan.

Acra's former ranking was stable

Production losses down from $2,109 per loan in Q4 2023

ICE whitepaper finds mortgage fee cures cost $1,225 per loan, on average.

UWM's purchase volume saw a 7% increase from last quarter and a 15% increase YOY.