WASHINGTON, Aug. 7, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today published the results of its July 2025 National Housing Survey® (NHS), which includes the Home Purchase Sentiment Index® (HPSI), a measure of consumer sentiment toward housing. Month over month, the HPSI increased 2.0 points to 71.8. Year over year, the HPSI is up 0.3 points. For more information, access the latest data release or the key indicator data file. https://www.fanniemae.com/news Photo of Fannie Mae https://www.fanniemae.com/r ...

Company Overview - Better Home & Finance Holding Company is developing a next-generation AI mortgage platform aimed at simplifying and accelerating the mortgage process[11] - Mortgages originated with Better technology cost 43% less than the industry average[17] - The company's platform delivers a best-in-class experience with a 64 Net Promoter Score and a 4.1 out of 5 Trustpilot Score[21] Market Opportunity - The cumulative homeownership market size is estimated at $19+ trillion[19] - Home mortgages represent approximately 69% of total household debt[19] - Buyers pay fees to up to 10 intermediaries, accounting for ~10% of home price[21] Technology and Platform - The platform is powered by Tinman® AI, which enables faster rate quotes (3 seconds), pre-approvals (3 minutes), and loan closes (3 weeks)[21, 13] - The company's AI agent, Betsy, has led to a 3x increase in loan officer productivity[57] - The company retains loans on its balance sheet for approximately 26 days on average[30, 32] Financial Performance - In Q2 2025, the total mortgage revenue was $7886 thousand per fund[58] - In Q2 2025, the contribution margin per fund was $1064[58] - Adjusted EBITDA for Q2 2025 was $(26605) thousand, compared to $(23259) thousand in Q2 2024[79]

Financial Performance - Onity Group Inc delivered strong second quarter results in 2025, with sustained robust net income driving book value growth[9, 10] - Diluted EPS increased by 35% year-over-year to $2.40, and book value per share increased by $2.94 year-over-year to $60[12] - The company reaffirmed its annual Adjusted ROE guidance of 16-18%, demonstrating a commitment to strong shareholder returns[10] - Adjusted Pre-Tax Income was $16 million in Q2'25[12] Servicing Portfolio - Total Servicing Average UPB grew to $307 billion[12, 21] - Owned Servicing Average UPB increased from $147 billion in Q1'25 to $153 billion in Q2'25[21] - MSR originations increased by 35% year-over-year, exceeding industry growth of 23%[23] Originations - Originations volume reached $9.4 billion in Q2'25[12, 24] - Consumer Direct funded volume increased by 2.4x year-over-year[26] - The company achieved a top-tier refinance recapture rate, 1.5x the industry average in Q2'25[26] Technology and Efficiency - The company is expanding its AI-powered platform to grow revenue, reduce costs, and drive service excellence[32] - Robotic Process Automation (RPA) is performing over 190 processes, completing the work of approximately 400 FTE[35]

Core Viewpoint - Rocket Companies, Inc. is initiating an exchange offer for existing senior notes in connection with its acquisition of Mr. Cooper Group Inc., aiming to exchange up to $1.75 billion in new senior notes for existing notes totaling $1.75 billion [1][5][13] Exchange Offer Details - The company is offering to exchange $750 million of 6.500% Senior Notes due 2029 and $1 billion of 7.125% Senior Notes due 2032 for new senior notes [1][5] - Eligible holders can receive a cash payment of $2.50 per $1,000 principal amount of existing notes for valid consents delivered by the Early Tender Date [8][9] - The total exchange consideration includes $950 or $1,000 principal amount of new Rocket Notes depending on the timing of consent receipt [9][12] Consent Solicitation - Rocket Companies is soliciting consents for proposed amendments to the indentures governing the existing notes, which include eliminating certain covenants and events of default [5][6] - A majority of the aggregate principal amount of existing notes must consent for the proposed amendments to be adopted [6][13] Timeline and Conditions - The exchange offers and consent solicitations will expire on September 2, 2025, with an early tender date of August 15, 2025 [7][10] - The consummation of the exchange offers is contingent upon receiving the necessary consents and the completion of the acquisition of Mr. Cooper [13][10] New Rocket Notes - The new Rocket Notes will have the same interest rate and maturity date as the existing notes, and will be guaranteed by Rocket Mortgage and its subsidiaries [11][12]

Core Viewpoint - Rocket Companies, Inc. is initiating tender offers to acquire outstanding senior notes from Nationstar Mortgage Holdings Inc. as part of its acquisition of Mr. Cooper Group Inc. [1][2] Tender Offers - The company is offering to purchase 5.125% Senior Notes due 2030 and 5.750% Senior Notes due 2031, with aggregate principal amounts of US$650 million and US$600 million respectively [3][4] - The tender offer consideration for both notes is set at $962.50 per $1,000 principal amount, with an early tender payment of $50, bringing the total tender offer consideration to $1,012.50 for early tenders [3][4] Consent Solicitations - The company is soliciting consents to amend the indentures governing the notes, which includes eliminating the "Change of Control" offer requirement and most restrictive covenants [2][9] - A majority of the aggregate principal amount of the notes must provide consent for the proposed amendments to be adopted [9] Timeline and Conditions - The tender offers and consent solicitations will expire on September 2, 2025, with an early tender deadline of August 15, 2025 [7][11] - The consummation of the tender offers is contingent upon receiving the requisite consents and the successful completion of the acquisition of Mr. Cooper [10]

Core Insights - Rocket Companies reported higher-than-expected adjusted revenue and non-GAAP earnings per share for Q2 2025, completing its acquisition of Redfin [1][5] - Adjusted revenue reached $1.34 billion, exceeding analyst expectations of $1.27 billion, while adjusted diluted EPS was $0.04, above the $0.03 estimate [1][2] - Profitability metrics such as GAAP net income and adjusted EBITDA declined compared to Q2 2024, indicating mixed profitability trends despite top-line growth [1][6] Financial Performance - Adjusted diluted EPS decreased from $0.06 in Q2 2024 to $0.04 in Q2 2025, a decline of 33.3% [2] - Adjusted EBITDA fell to $172 million from $225 million year-over-year, a decrease of 23.6% [2] - GAAP net income dropped significantly from $178 million in Q2 2024 to $34 million in Q2 2025, an 80.9% decline [2] Business Overview - Rocket Companies operates as a technology-driven financial services platform, primarily focused on mortgage origination and servicing [3] - The company is recognized for its digital mortgage lending business, Rocket Mortgage, and has invested heavily in technology to enhance its offerings [3][4] Strategic Developments - The acquisition of Redfin enhances Rocket's platform, providing access to approximately 50 million monthly active users and over one million listings [7][8] - The company simplified its capital structure by reducing share classes from four to two, aiming for greater flexibility in future acquisitions [10] - Rocket plans to shut down Rocket Mortgage Canada and discontinue its co-branded Visa credit card to focus on core U.S. mortgage and real estate businesses [10] Market Dynamics - Closed loan origination volume increased from $24.66 billion in Q2 2024 to $29.06 billion in Q2 2025, reflecting an 18% year-over-year growth [9] - The Direct to Consumer channel saw an 8.3% increase in sold loan volume, while the Partner Network experienced a contraction in gain-on-sale margins due to increased competition [9] Future Outlook - Management projects adjusted revenue for Q3 2025 to be between $1.60 billion and $1.75 billion, reflecting a full quarter of consolidated Redfin results [13] - Key themes for upcoming quarters include successful integration of Redfin, origination growth, and cost control amid macro risks in the housing market [14]

It is clearly preferred by the industry. If you look at well, first of all, FICO score is used all over industry and we've been competing with Vantage for 15 years and we always win. We have over 90% market share in all these other markets that have nothing to do with the government. And then within the mortgage market, um, in the non-conforming market where there's no government mandate, FICO is the clear industry standard. And guess what? They're adopting FICO 10T. So we've we've done 313 billion in origi ...

Trump is asking bank executives for their pitches on monetizing mortgage giants Fannie Mae and Freddie Mac, including a major public offering of stock, sources say https://t.co/Wknkz2Dmlj ...

($ in millions, except per share amounts) | | Q2-25 | Q2-24 | YTD 25 | YTD 24 | | | --- | --- | --- | --- | --- | --- | | | (Unaudited) | | (Unaudited) | | | | Total revenue, net | $ | 1,360 $ | 1,301 $ | 2,398 $ | 2,684 | | Total expenses | $ | 1,336 $ | 1,109 $ | 2,596 $ | 2,194 | | GAAP net income (loss) | $ | 34 $ | 178 $ | (178) $ | 469 | | Adjusted revenue | $ | 1,340 $ | 1,228 $ | 2,637 $ | 2,391 | | Adjusted net income | $ | 75 $ | 121 $ | 155 $ | 205 | | Adjusted EBITDA | $ | 172 $ | 225 $ | 341 $ ...

Freddie Mac's mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube MCLEAN, Va., July 31, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-ye ...