Core Insights - Guaranteed Rate Affinity has appointed Tom Griffith as Regional Manager for the Pacific Northwest, highlighting the company's strategy to expand its market presence and attract top talent in a high-growth area [1][2]. Company Overview - Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services, which has funded over $100 billion in loans since its inception [4]. - The company provides mortgage lending services to Anywhere's real estate, brokerage, and relocation subsidiaries, ensuring fast pre-approvals, appraisals, and loan closings for customers [5]. Leadership and Strategy - Tom Griffith brings 27 years of mortgage industry experience, previously serving as co-founder and President of Borrow Smart Mortgage, where he established a strong reputation for client service [2]. - Griffith's leadership will focus on expanding the company's presence in the Pacific Northwest, emphasizing recruiting efforts and supporting loan officers with necessary tools [3]. - His leadership philosophy is centered on unconditional service and a people-first approach, aligning with Guaranteed Rate Affinity's culture [3][4]. Competitive Advantage - The company differentiates itself through innovative technology and on-demand marketing resources, which provide loan officers with a competitive edge in the market [2][3]. - Guaranteed Rate Affinity aims to enhance the relocation experience for employees by prioritizing customer service, digital mortgage ease, and competitive rates [5].

WASHINGTON, Aug. 5, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-seventh non-performing loan sale transaction. The deal, announced on July 8, 2025, included the sale of 1,304 deeply delinquent loans totaling $285 million in unpaid principal balance (UPB), offered in two pools. The winning bidder for Pool 1 was Residential Credit Opportunities Trust X-C, and for Pool 2 was RCF II Loan Acquisition, LP. The transaction is expected to close on September 19, 2025. The d ...

Group 1 - Atrium Mortgage Investment Corporation declared a dividend of $0.0775 per common share for August 2025, payable on September 11, 2025, to shareholders of record on August 29, 2025 [1] - The company currently pays monthly dividends at an annual rate of $0.93 per share, with a potential special dividend at year-end if declared dividends are less than taxable income for the fiscal year [2] - Atrium will release its financial results for the quarter ended June 30, 2025, on August 7, 2025 [2] Group 2 - A conference call with management is scheduled for August 8, 2025, at 9:00 a.m. ET to discuss the financial results [3] - Atrium offers a dividend reinvestment plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount from market price, with no commissions [4] - Atrium is a non-bank provider of residential and commercial mortgages, focusing on major urban centers in Canada, aiming to provide stable dividends and preserve shareholders' equity [5] Group 3 - Atrium is classified as a Mortgage Investment Corporation (MIC) under the Canada Income Tax Act, allowing it to avoid taxation on income if dividends are paid to shareholders within 90 days after year-end [6]

Financial Data and Key Metrics Changes - Adjusted EBITDA for the second quarter increased to $591 million from $524 million in the prior period, reflecting improved underlying operating performance and tax benefits [18][19] - Adjusted EFO for the quarter was $234 million, benefiting from lower interest expenses due to reduced corporate borrowings compared to the prior period [18] Business Line Data and Key Metrics Changes - The Industrial segment generated adjusted EBITDA of $307 million, an increase from $213 million in the previous year, supported by tax benefits and contributions from recent acquisitions [19] - The Business Services segment's adjusted EBITDA rose to $205 million from $182 million last year, aided by increased volumes of new insurance premiums and stable performance in technology services [20] - The Infrastructure Services segment's adjusted EBITDA decreased to CAD 109 million from CAD 157 million, primarily due to the sale of the offshore oil services shuttle tanker operation [21] Market Data and Key Metrics Changes - The U.S. economy showed resilience with stabilized GDP expectations and low unemployment, while Europe is seeing increased stimulus spending [11][13] - The GCC markets in the Middle East remain strong, and India continues to be a growth economy [13] Company Strategy and Development Direction - The company is focused on acquiring high-quality, market-leading businesses with strong competitive advantages, which allows for pricing power and resilience against economic fluctuations [14] - The strategy includes leveraging secondary market opportunities to surface value and enhance shareholder returns through buybacks and reinvestments [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the operating environment, noting that while there are challenges, the principles of acquiring high-quality businesses are serving the company well [14][15] - The company is confident in its ability to maintain or increase margins despite economic slowdowns, with a focus on optimizing operations and integrating recent acquisitions [15][16] Other Important Information - The company has realized over $800 million from asset sales and distributions while investing $300 million in acquiring two market-leading businesses [6] - The company ended the quarter with approximately $2.9 billion in corporate liquidity, providing options for capital allocation [21][22] Q&A Session Summary Question: Performance of Scientific Games - Management acknowledged that while hardware deliveries were lower, the overall EBITDA performance was flat, and they remain positive about the business's future growth potential [26][29] Question: Repositioning of Brand Safeway - Management noted that they are repositioning the business towards higher growth markets, although they expect volume softness to continue through the second half of the year [30][32] Question: Leveraging AI for Productivity - Management highlighted numerous AI initiatives across the portfolio that have led to significant operational improvements and cost savings [35][41] Question: Impact of the Big Beautiful Bill - Management expects the provisions in the bill, including accelerated depreciation, to be net positive for the business, enhancing flexibility and reducing tax burdens [42][44] Question: Secondary Transaction Insights - Management explained the decision-making process behind the secondary transaction, emphasizing the strategic choice of assets and the favorable terms achieved [52][55]

Core Insights - Brookfield Business Partners reported strong financial results for Q2 2025, with net income of $26 million compared to a net loss of $20 million in Q2 2024, indicating resilience in an uneven macroeconomic environment [2][3][34] - The company achieved an Adjusted EBITDA of $591 million for Q2 2025, up from $524 million in the same period last year, driven by improved performance and contributions from recent acquisitions [3][4][5] - Strategic initiatives included the sale of a partial interest in three businesses for approximately $690 million and a partnership to privatize First National Financial Corporation for $2.7 billion [8][9] Financial Performance - For the three months ended June 30, 2025, net income attributable to unitholders was $26 million ($0.12 per unit), compared to a net loss of $20 million ($0.10 per unit) in the prior year [2][3] - Adjusted EBITDA by segment for Q2 2025: Industrials $307 million, Business Services $205 million, Infrastructure Services $109 million, and Corporate and Other $(30) million [4][5][6] - Total revenues for Q2 2025 were $6.695 billion, with direct operating costs of $5.465 billion, resulting in an income before income tax of $70 million [24] Strategic Initiatives - The company completed the sale of a partial interest in three businesses to a new private equity fund, with an initial redemption value of approximately $690 million [8] - Brookfield Business Partners entered a partnership to privatize First National Financial Corporation for $2.7 billion, with an expected equity contribution of approximately $145 million [9] - The acquisition of Antylia Scientific for approximately $1.3 billion was completed, with Brookfield investing $168 million for a 26% interest [10] Liquidity and Capital Management - As of June 30, 2025, the company had approximately $2.3 billion in liquidity, including $2.2 billion available on credit facilities [12] - During the quarter, Brookfield invested $56 million to repurchase 2.2 million units at an average price of approximately $25 per unit, totaling $157 million in buybacks year-to-date [11] Distribution - The Board of Directors declared a quarterly distribution of $0.0625 per unit, payable on September 29, 2025, to unitholders of record as of August 29, 2025 [13][37]

Financial Data and Key Metrics Changes - Adjusted revenue reached $1,340,000,000, exceeding the high end of guidance and achieving 9% year-over-year growth [7][32] - Net rate lock volume increased to over $28,000,000,000, a 13% increase year-over-year [32] - Adjusted EBITDA was $172,000,000, representing a 13% margin, with adjusted diluted EPS at $4 [7][32] Business Line Data and Key Metrics Changes - Home equity loan volume nearly doubled year-over-year, hitting a new record for units and volume [10][32] - Refinance volume showed strong growth quarter-over-quarter and year-over-year, particularly when the thirty-year mortgage rate dipped to 6.6% [10][32] Market Data and Key Metrics Changes - June existing home sales were 2.7% lower than May, and over 20% below pre-pandemic levels, indicating a challenging housing market [8] - Home price growth is moderating, with signs of softening prices in several major markets, suggesting a gradual shift in favor of buyers [33] Company Strategy and Development Direction - The company is focused on integrating Redfin and Mr. Cooper to enhance its homeownership platform, aiming for a simpler, faster, and more affordable experience [27][26] - The acquisition of Redfin is expected to create significant synergies, with anticipated total synergies of $200,000,000, including $140,000,000 in expenses and $60,000,000 in revenue [35][81] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the home buying season extending beyond the traditional Labor Day slowdown, supported by a strong approval letter pipeline [41][56] - The company is cautiously optimistic about the summer home buying season, with expectations for continued strong activity [41][56] Other Important Information - The company has taken steps to streamline operations, including shutting down Rocket Mortgage Canada and the Rocket Visa Signature Card program, expected to yield $80,000,000 in annualized savings [40][62] - The integration planning for Mr. Cooper is progressing well, with a target close in Q4 [26][101] Q&A Session Summary Question: Outlook for 3Q and cost run rate - Management indicated that the home buying season is expected to extend, with a guidance increase of 6% year-over-year [53][54] Question: Thoughts on Redfin integration and synergy guidance - Management expressed excitement about the integration, noting early positive results and high-quality traffic from Redfin [72][81] Question: Agent count expansion at Redfin - Management highlighted the potential for expanding the agent network through collaboration with Rocket Homes and Redfin [86][92] Question: Synergies from Mr. Cooper acquisition - Management confirmed confidence in achieving synergy targets, with ongoing progress toward closing the deal [100][102] Question: Early trends in attach rates for Redfin - Management reported positive early trends in traffic and recapture rates since the acquisition [104][105]

Financial Data and Key Metrics Changes - Adjusted revenue reached $1,340,000,000, exceeding the high end of guidance and achieving 9% year-over-year growth [7][32] - Net rate lock volume increased by 13% year-over-year, exceeding $28,000,000,000 [32] - Adjusted EBITDA was $172,000,000, representing a 13% margin, with adjusted diluted EPS at $0.04 [7][32] Business Line Data and Key Metrics Changes - Home equity loan volume nearly doubled year-over-year, hitting a new record for units and volume [11] - Refinance volume showed strong growth quarter-over-quarter and year-over-year, particularly benefiting from a brief dip in the thirty-year mortgage rate to 6.6% [11][33] Market Data and Key Metrics Changes - June existing home sales were 2.7% lower than May, and over 20% below pre-pandemic levels, indicating a challenging housing market [8] - Home price growth is moderating, with signs of softening prices in several major U.S. metro areas, suggesting a gradual market shift in favor of buyers [34] Company Strategy and Development Direction - The company is focused on integrating Redfin and Mr. Cooper to enhance its homeownership platform, aiming for a simpler, faster, and more affordable experience [27][26] - The acquisition of Redfin is expected to create significant synergies, with anticipated total synergies of $200,000,000, including $140,000,000 in expenses and $60,000,000 in revenue [36][82] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the summer home buying season, expecting it to extend beyond the traditional Labor Day slowdown [43] - The company is focused on operational efficiency and has taken steps to streamline operations, including shutting down Rocket Mortgage Canada and the Rocket Visa Signature Card program [41][42] Other Important Information - The company reported a strong capital position with $6,000,000,000 in available cash and $7,600,000,000 in mortgage servicing rights, totaling $13,600,000,000 in balance sheet value [40] - The company is building an integrated homeownership platform that leverages AI to enhance client experiences and operational efficiency [28][19] Q&A Session Summary Question: Outlook for 3Q and cost run rate - Management indicated that the home buying season is expected to extend, with a guidance increase of 6% year-over-year [54][58] Question: Thoughts on Redfin integration and synergy guidance - Management expressed excitement about the integration with Redfin, highlighting early positive results and a strong cultural fit [82][80] Question: Update on Mr. Cooper transaction and synergy expectations - Management confirmed that the Mr. Cooper transaction is on track for a Q4 close, with increasing conviction in synergy numbers [102][103] Question: Market share growth and MSR acquisitions - Management noted a significant decrease in overall transfers in the market, indicating a cautious approach to MSR acquisitions while waiting for the deal to close [110]

Company Overview - Rocket Companies has facilitated over $1.9 trillion in total transaction volume and has served 10 million clients[15] - Rocket Mortgage is the 1 mortgage lender in America[15] Market Opportunity - The total addressable homeownership market is estimated at $29 trillion[20] - The mortgage origination market is valued at $2 trillion[22] - The homebuying market, including mortgage, real estate, title, and homeowner's insurance, is estimated at $5 trillion[22] - 50% of renters are "rent burdened"[25] - 92% of Americans believe homeownership is an essential part of the American dream[25] Financial Performance - Rocket Companies reported adjusted revenue of $1.340 billion for Q2 2025[87] - Adjusted EBITDA for Q2 2025 was $172 million[87] - The company's servicing portfolio includes $609 billion in serviced UPB (unpaid principal balance) and 2.8 million loans serviced[94] - Recurring servicing fee income is $1.6 billion[94] - The MSR (Mortgage Servicing Rights) fair value is $7.6 billion[94]

(all amounts are expressed in millions of U.S. dollars, excluding per share amounts and unless otherwise stated) TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- Real Matters Inc. (TSX: REAL) (“Real Matters” or the “Company”), a leading network management services platform for the mortgage and insurance industries, today announced its financial results for the third quarter ended June 30, 2025. “Consolidated revenues increased 22% sequentially in the third quarter to $45.4 million, in line with a seasonal uptick ...

Core Insights - The mortgage rate forecasts suggest that rates may not reach 7% through 2026, with the Mortgage Bankers Association predicting rates around 6.4% by the end of 2026 and Fannie Mae forecasting slightly lower rates [3][4] Historical Context - The 30-year home loan rate has crossed the 7% mark multiple times in recent years, specifically for six weeks in 2024, 17 weeks in 2023, and twice in 2022 [1][2] Rate Impact Analysis - A half-point increase in mortgage rates can lead to an additional $100 in monthly payments and over $35,000 in interest for a $300,000 mortgage [4][5] - Conversely, a decrease from 6.5% to 6% would save borrowers about $100 monthly and approximately $35,000 in interest [5] Rate Prediction Indicators - The 10-year Treasury note is a reliable indicator for predicting mortgage rate movements, with lower Treasury yields typically leading to lower mortgage rates [6][8] - A quick rise to 7% mortgage rates could occur within four weeks under certain conditions, as evidenced by past trends [10] Long-term Outlook - Predictions for mortgage rates beyond 2026 are uncertain, with no official sources willing to make long-term forecasts [13] - Factors influencing potential rate increases include rising Treasury yields, inflation concerns, and shifts in investor behavior towards stocks [14]