Higher pretax income from its originations business in the first quarter versus comparative period was offset by lower earnings related to servicing for PennyMac Financial Services. Processing Content The company reported net income of $82.3 million for the first quarter. This compared with $106.8 million for the fourth quarter and $76.3 million for the first […]
PennyMac 1Q profit falls as servicing drags on results Read More »
Loandepot slipped deeper into the red to start the year as executives blamed the firm’s performance on market volatility and tighter margins from the product mix shift over the winter. Processing Content The lender and servicer Tuesday posted a $54.9 million net loss for the first quarter, widening losses of $32.8 million and $40.7 million
Loandepot blames Q1 loss on market volatility, product mix Read More »
Figure Technology Solutions announced its second partnership over the past month, this time with an AI-powered working capital company focused on expanding and democratizing access to financing for small- and medium-sized businesses. Processing Content The collaboration with Credibly will help Figure grow its presence in the SMB lending space, one of the company’s fastest growing
Figure partners with Credibly to expand SMB lending Read More »