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Housing market players are reporting their quarterly earnings for Q1 2025. Here's a summary of key results from major lenders, brokerages, listing portals, and title firms.
Mortgage companies are adapting to changing market conditions. Better Mortgage leaned on AI to post its first profitable month since 2022, while Blend discussed its Rocket-Mr. Cooper deal and plans to exit the title business. Finance of America reported a profit, beating funded volume estimates in Q1. loanDepot's revenue jumped 23% as Hsieh prepares to take the helm again.
Lower interest rates spurred refis at UWM, but hit MSR valuations in Q1. Freddie Mac's earnings report showed financial growth despite big changes underway. Liberty Reverse parent Onity praised its Q1 performance and proprietary product launch. Fannie Mae posted its 29th straight quarter of profitability amid a GSE shakeup.
In real estate, Fathom stayed optimistic about agent compensation despite losses. Compass's pre-marketing strategy was discussed by Robert Reffkin, who highlighted potential downsides. Major title insurers reported strong Q1 earnings fueled by commercial real estate deals. Zillow posted strong Q1 results, touting listing transparency and app traffic.
Other notable reports include eXp's steady Q1 earnings, Redfin's falling revenue and higher losses, RE/MAX's loss but CEO's optimism for growth, and Homes.com's growth with increased agent adoption and consumer demand.
