Real estate
fromwww.housingwire.com
1 day agoRocket overtakes UWM in 2025 HMDA loan count
The mortgage market grew in 2025, with increased originations and consolidation among lenders despite a decline in the number of active lenders.
FOA reported an $80 million profit in the second quarter flat compared to the first quarter but a sharp turnaround from the $5 million loss in the same period last year. CEO Graham Fleming attributed the performance to consistent execution, rising profitability, and the growing relevance of home equity solutions for retirement. FOA's origination volume topped the high end of its quarterly guidance, reaching $602 million from April through June a 7% increase from the prior quarter and 35% higher year over year.