National Mortgage News (Servicing) RSS

• Rocket sinks into red for second time in three quarters

  Company management touted its wins, including with total volume of $21 billion, the Redfin and Mr. Cooper purchases plus a record quarter for home equity.

• Underwater mortgages creep upward nationally

  The broad rise in the share of underwater loans across the country this winter came as borrower distress grew and home prices pulled back in some regions.

• Guild Mortgage slides into red, but sees origination growth

  The San Diego-based lender reported a net loss of $23.9 million for the January-March period, down from a net income of $97.9 million the quarter prior.

• Loandepot's Q1 results show rebound as Anthony Hsieh returns

  The Irvine, California-based firm had a net loss of $40.7 million in the first quarter of 2025, a rebound from a net loss of $67.5 million in the previous period.

• How new VA partial claim fared in House Committee markup

  Mortgage bankers have been supporting recent updates to the legislative proposal while urging legislators to fast-track it given the phaseout of VASP.

• UWM's Q1 loss due to servicing mark masks strong activity

  United Wholesale Mortgage originated $32.4 billion, up 17% year-over-year and its best first quarter since 2022, helped by refinance volume of $10.6 billion.

• Sagent rolls out dedicated servicing portal for attorneys

  The tool's launch comes as various sources report growth in both serious borrower delinquencies and foreclosure activity over the first few months of 2025.

• Debt moves give major mortgage firms a key advantage

  Fitch says large nonbank lenders are positioned to gain share as they manage debt maturities and outlast smaller rivals hit harder by market volatility.

• ICE Mortgage Tech celebrates UWM win on earnings call

  ICE Mortgage Technology also added 20 new Encompass clients in the first quarter, but the unit still had an operating loss for the period, its 10th in a row.