LUXEMBOURG, July 24, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the second quarter 2025. "We are pleased with our second quarter performance. In a close to historically low delinquency environment, we grew Service revenue, Adjusted EBITDA, pre- and post-tax GAAP earnings and GAAP earnings per share compared to the second quarte ...

Core Viewpoint - Mr. Cooper Group reported disappointing earnings for Q2 2025, with both EPS and revenue falling short of analyst expectations despite operational gains in its mortgage servicing segment [1][5]. Financial Performance - Reported EPS was $3.04, missing the consensus estimate of $3.18 by $0.14 [2][5]. - Revenue for the quarter was $608 million, below the expected $674.24 million, missing by $66.24 million [2][5]. - Return on common equity (ROCE) improved to 15.9% [2][5]. - Tangible book value per share increased to $75.90, indicating growth in equity and balance sheet stability [5]. Operational Highlights - The servicing portfolio ended the quarter at $1,509 billion, a 25% increase year-over-year but slightly down from $1,514 billion in the previous quarter [6]. - The subservicing book remained nearly flat at $778 billion, while owned mortgage servicing rights (MSR) portfolio dipped to $731 billion [6]. - Asset quality showed stability with 60+ day delinquency rates improving to 1.4% from 1.5% in the previous quarter [7]. Originations Segment - The originations segment saw pretax income rise to $64 million, up from $45 million in the prior quarter [8]. - Funded volume increased by 13.5% quarter-over-quarter to $9.44 billion, with direct-to-consumer originations at $2.6 billion and correspondent channel originations at $6.8 billion [9]. - The refinance recapture rate fell to 47% from 51%, indicating potential challenges in customer retention [9]. Strategic Focus - The company is focusing on strengthening its core mortgage servicing business, growing its subservicing segment, and enhancing originations through various channels [4]. - Technology investments are aimed at improving operational efficiency and customer focus [4]. - A planned merger with Rocket Companies is a significant forward-looking item, though specific financial targets or timelines were not provided [12]. Recent Developments - The company launched an MSR Fund with an initial commitment of $200 million after the quarter-end [11]. - No new regulatory or legal expenses were reported, and the company remains in good standing with regulators [10].

Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLCG" or the "Corporation"), one of Canada's leading franchisors of mortgage professionals and owner of Newton Connectivity Systems, will release its second quarter 2025 results on August 7, 2025, after market close. A conference call and webcast will be held to discuss the results on August 7, 2025, at 4:00 p.m. Mountain Time (6:00 p.m. Eastern Time). Second Quarter 2025 Webcast and Conference CallD ...

Financial Data and Key Metrics Changes - Platform revenue for Q1 2025 was $26.8 million, representing a 12% year-over-year growth and marking the third consecutive quarter of year-over-year growth [35][36] - Non-GAAP operating income for Q1 2025 was $1 million, with a non-GAAP operating margin of 4%, coming in at the high end of guidance [37][38] - Free cash flow for Q1 2025 reached a record $15.5 million, representing a free cash flow margin of 58% [39] - RPO for Q1 2025 set a record at $158.1 million, exceeding the target of $150 million for 2025 [40] Business Line Data and Key Metrics Changes - Mortgage suite revenue was $14.6 million, while consumer banking suite revenue grew 45% year-over-year to $9.6 million [36][37] - Professional services revenue for Q1 2025 was $2.5 million [37] Market Data and Key Metrics Changes - The average homeowner currently has approximately $315,000 in equity, indicating a significant opportunity for lenders in the home equity market [20] - The home equity market has reportedly grown double digits year-over-year based on customer data [20] Company Strategy and Development Direction - The company is transitioning to a software-first model, focusing on strategic partnerships rather than building non-core services [6][9] - The potential sale of the title insurance business is seen as a final step in simplifying operations and enhancing focus on software solutions [6][7] - The company aims to leverage partnerships to provide seamless workflows and deep integrations, capturing value without direct operational ownership [9][10] Management's Comments on Operating Environment and Future Outlook - Management noted that Q1 2025 was volatile but recognized that such volatility typically leads to spikes in originations [30][31] - The acquisition of Mr. Cooper by Rocket is viewed as a potential catalyst for the industry, validating the company's vision for a unified digital mortgage experience [11][14] - The company expects to see continued momentum in Q2 2025, with a growing pipeline nearly double that of the previous year [25][27] Other Important Information - The company repurchased approximately 923,000 shares of Class A common stock for a total of $3.1 million during Q1 2025 [39] - The company plans to invest in AI and enhance its go-to-market strategies to capitalize on growth opportunities [70][75] Q&A Session Summary Question: How are you thinking about the dual benefit of higher ARPU products? - Management emphasized that the product is designed to be the easiest way to refinance, tailored to specific situations, which drives higher conversion rates for customers [47][48] Question: What does simplification mean for the financial profile of Blend? - Management stated that simplification is aimed at accelerating growth while maintaining profitability, allowing for higher margins and faster growth [51][53] Question: Can you discuss the $50 million expansion and its timeline? - Management noted that the relationship has evolved over years, with the customer now using multiple products, and typically about half of RPO is collected within the next twelve months [57][60] Question: How does business deposit account opening compare to retail? - Management explained that while the experience is similar, business accounts require different checks and support for various account types, making it a more complex process [63][64] Question: How will you reinvest for growth moving forward? - Management indicated that they have earned the right to invest in growth again, focusing on products like Rapid Refi and AI to enhance customer efficiency [67][68] Question: What about capital deployment philosophy post-title sale? - Management confirmed that they will continue to reinvest with a focus on efficiency and ROI, particularly in AI and go-to-market strategies [79][81]

DISCLAIMER This presentation contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include all statements that are not historical fact, including statements that relate to, among other things, future events or our future performance or financial condition. These statements may be identified by words such as "anticipate," "intend," "expect," "may," "could," "should," "would," "plan," "estimate," "seek," "believe," "potential" or "continue" or t ...

WEST PALM BEACH, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced its first quarter 2025 results and provided a business update. First Quarter 2025: Net income attributable to common stockholders of $21 million; diluted EPS of $2.50; ROE of 19%Adjusted pre-tax income* of $25 million, resulting in annualized adjusted ROE* of 22%Book value per share improved to $58 as of March 31, 2025, up $2.15 year-over-year$17 billion in total servicing addit ...

Company Overview - Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries, combining operational excellence with innovative services and technologies [3] Upcoming Earnings Report - Altisource will report earnings for the first quarter of 2025 on May 1, 2025, with a press release and presentation available on its website [1] - A conference call to discuss the first quarter 2025 results will be held at 8:30 a.m. EDT on the same day, with a live audio webcast accessible on the company's website [2] Additional Information - A replay of the conference call will be available approximately two hours after the call concludes and will remain accessible for about 30 days [2] - For further inquiries, the Chief Financial Officer, Michelle D. Esterman, can be contacted via phone or email [4]

Core Insights - PHH Mortgage has achieved Fannie Mae's 2024 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition in the General Servicing category for the fourth consecutive year [1][2] Company Performance - PHH serviced or subserviced approximately 1.4 million loans with a total unpaid principal balance exceeding $300 billion as of December 31, 2024 [3] - The company manages loans on behalf of around 4,000 investors and 125 subservicing clients [3] Industry Position - PHH Mortgage is recognized as one of the largest non-bank mortgage servicers in the United States, providing a variety of servicing and lending programs [4] - The company has built a servicing platform that emphasizes operational performance, customer focus, and innovative technology solutions [2]