The nation’s biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights.
Source: Inman News
UWM’s best year for purchase loans also produces $69.8M loss
Published in earnings, earnings Q4 2023, Mat Ishbia, Mortgage, Q4 2023 earnings, rocket companies, Rocket Mortgage and uwm
More from earningsMore posts in earnings »
- RE/MAX stays profitable as US agent count, revenue decline
- Tech, scale and strategy fuel Q1 wins across real estate
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Rocket says it could close Redfin acquisition as soon as this quarter
- Investors cheer as Guild grows Q1 mortgage originations by 35%
More from earnings Q4 2023More posts in earnings Q4 2023 »
- The biggest wins, losses and news from Q4 2023 earnings
- Redfin’s focus on cost-cutting begins to pay off in Q4 earnings
- Compass lifts agent count in Q4 but falls short of positive cash flow
- Offerpad narrows Q4 loss, expects to be back in black later this year
- CoStar maintains winning streak and grows revenue yet again in Q4
More from Mat IshbiaMore posts in Mat Ishbia »
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Mortgage lenders are turning to AI to play in the big leagues
- Defying conventional wisdom, UWM grows mortgage refis
- Mortgage trigger leads will be less crazy, but they ain’t going away
More from MortgageMore posts in Mortgage »
More from Q4 2023 earningsMore posts in Q4 2023 earnings »
More from rocket companiesMore posts in rocket companies »
More from Rocket MortgageMore posts in Rocket Mortgage »
- Why Flyhomes is quitting the real estate brokerage business
- Appraisal bias suit against Rocket Mortgage, Solidifi moves forward
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Rocket, Mr. Cooper merger OK’d by Fannie and Freddie regulator
More from uwmMore posts in uwm »
- Lenders getting a jump on higher 2026 conforming loan limits
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Mortgage lenders are turning to AI to play in the big leagues
- Tidalwave and Bevri.ai launch agentic AI for mortgage brokers
Be First to Comment