Tag Archives: Earnings

Guild Mortgage shrugs off 2023 loss as it pursues acquisitions

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The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss. Continue reading →

LoanDepot trims 2023 net loss by 37%, retains ‘strong liquidity profile’

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As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion. Continue reading →

Elephant in the room: What execs revealed about commissions in Q4

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In the wake of legal settlements in two of the largest commission lawsuits, RE/MAX and Anywhere revealed their paths forward to investors in Q4 earnings calls last month. Intel reads the tea leaves. Continue reading →

The biggest wins, losses and news from Q4 2023 earnings

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Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed. Continue reading →

UWM’s best year for purchase loans also produces $69.8M loss

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The nation’s biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights. Continue reading →

Compass lifts agent count in Q4 but falls short of positive cash flow

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The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading →

Offerpad narrows Q4 loss, expects to be back in black later this year

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The iBuyer expects to sell between 750 and 850 homes during Q1 2024, generate $245 million to $285 million in revenue and achieve positive adjusted earnings later this year. Continue reading →

Shares in Rocket up after hours as investors roll with $233M Q4 loss

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Mortgage giant reports positive adjusted earnings for the third consecutive quarter, “despite some of the most difficult industry conditions in three decades,” CEO Varun Krishna says.  Continue reading →

CoStar maintains winning streak and grows revenue yet again in Q4

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CEO Andy Florance touted his company’s residential portal Homes.com as the “fastest growing residential property site in the United States” in a new earnings report released Tuesday. Continue reading →

Opendoor posts significant decline in revenue but narrows losses in Q4

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In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading →