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BofA, Citi warn of slower growth ahead as mortgage business softens
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
HomeServices of America names Chris Kelly CEO, replacing Blefari
Former CEO Gino Blefari has stepped down from the role and will transition into the position of chairman emeritus, the company said.
How real estate brokerage stocks have fared since ‘Liberation Day’
Major brokerage equities have underperformed the S&P 500 since April 2, which was Trump’s “Liberation Day” rollout of the new tariffs.
A far from normal downturn: Originations versus delinquencies
At the onset of COVID-19, many expected to experience a decline in mortgage originations. Interestingly, though, what we are seeing so far is not in line with those expectations. HW+ Premium Content
Why Jay Farner is “puzzled” by Rocket’s disappointing stock price
You can understand Jay Farner’s frustration: Rocket Companies just had the most productive quarter in the history of residential mortgage lending. It thumped competitors with a record $89 billion in originations in the third quarter, and made $3 billion in profits. In fact, through the first three quarters of the year, Rocket has made a stunning $6.55 billion in profits. HW+ Premium Content
Cash is king: UWM raises $800M in debt offering ahead of IPO
Just weeks away from its anticipated $16.1 billion initial public offering, United Wholesale Mortgage closed on the sale of $800 million in seniors notes.
