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s publicly traded mortgage and real estate companies release their second-quarter 2025 earnings, HousingWire provides a snapshot of the financial performance of key players in the housing market. Here's a rundown of major lenders, brokerages, listing portals, and title firms:
Mortgage Companies
* Mr. Cooper remains profitable despite exiting subservicing in Q2.
* PennyMac reports booming correspondent business, with its broker business driving growth.
* JPMorgan Chase and Wells Fargo see mortgage volumes surge in Q2, but profits decline.
First-Quarter 2025 Earnings
* Better leans on AI to achieve its first profitable month since 2022.
* Blend discusses the Rocket-Mr. Cooper deal and plans to exit title business.
* Finance of America posts a profit, beating funded volume estimates.
* loanDepot's Q1 revenue jumps 23%, with Hsieh set to return as CEO.
Lower interest rates have spurred refinancing activity at UWM, but hit MSR valuations in Q1. Freddie Mac's earnings report shows financial growth despite big changes underway. Liberty Reverse parent Onity praises Q1 earnings performance and proprietary product launch. Fannie Mae posts its 29th straight quarter of profitability amid GSE shakeup.
Real Estate Companies
* CoStar's earnings are boosted by the growth of Homes.com.
* Major title insurers post strong Q1 earnings, fueled by commercial real estate deals.
* Zillow reports strong Q1, touting listing transparency and app traffic.
* eXp posts steady Q1 earnings, reinforcing its Clear Cooperation stance.
Redfin reports falling revenue and higher losses in Q1 2025. RE/MAX posts another loss, but CEO insists it can "get back to growth." Homes.com grows with increased agent adoption and consumer demand.
