Freedom plans to use proceeds from the offering for “general corporate purposes,” including repaying existing senior secured debt.

“Our entire vision is to build the company as an infrastructure provider that allows people to offer a mortgage right at the point of sale,” Realfinity CEO Luca Dahlhausen said.

FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.

Retail lending gained share from the correspondent channel in the fourth quarter.

Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.

Some 44.8% of survey participants project that demand for mortgages eligible for sale to the government-sponsored enterprises will increase in 2025 compared with 2024. (Most of the others surveyed think demand will remain level and only 3.4% expect demand to weaken.)

Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.

Note: The Fannie title pilot is scheduled to sunset in May 2026.

The increase in production was driven by interest rates, which were largely lower in 2024 than in 2023.

Income jumped by 50% on a quarterly basis at PennyMac Financial Services in the fourth quarter.