Anthony Hsieh says the lender's cost structure was built for higher volumes as loanDepot expands home equity lending, reduces debt, and targets profitability in 2027
The wholesale lender reverses a $452 million quarterly loss as Ishbia targets $2.1 billion in annual expenses for 2027, even with production and margins under pressure
Zillow Group's do-it-all real estate business returned residential revenue growth and narrower losses for the second consecutive quarter.
The Non-QM originator, aggregator, and investment trust purchased nearly $265 million of newly-originated Non-QM residential loans in the third quarter.
Lower rates usher in more purchase and refinance activity
Mr. Cooper's servicing portfolio ended the third quarter at over $1.2 trillion
Despite a $340 million Q3 loss, Better.com's leadership emphasizes cost reductions, automation, and investment in technology.
For a second quarter in a row where Rocket was able to make a narrow profit, despite market constraints.
Results still beat analysts' expectations.