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    <title>Earnings</title>
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    <item>
      <title>Nonbank Earnings Slip in 4Q25, Fail to Match 2024</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Most nonbanks reported bigger gains in lending volume in the fourth quarter of 2025 than in production income. MSR valuations continued to drive servicing income lower. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236815</guid>
      <pubDate>Fri, 06 Mar 2026 12:24:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236815-nonbank-earnings-slip-in-4q25-fail-to-match-2024</link>
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    <item>
      <title>Newrez Margins, Originations Increase in Fourth Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The lender’s gain-on-sale margin increased from 1.14% in the third quarter to 1.50% in the fourth quarter, with a rise in originations to boot. Leaders at the company cautioned that some lenders are gaining market share at the expense of earnings.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236861</guid>
      <pubDate>Fri, 06 Mar 2026 12:20:21 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236861-newrez-increases-margins-originations-in-fourth-quarter</link>
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    <item>
      <title>Mortgage-Banking Earnings at Banks Level Off in 4Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[When excluding a one-time jump in Capital One’s earnings, mortgage-banking earnings at banks and thrifts declined by 2.9% during the fourth quarter of 2025. Still, earnings for the full year improved compared with 2024. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236732</guid>
      <pubDate>Fri, 20 Feb 2026 12:30:31 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236732-mortgage-banking-earnings-at-banks-level-off-in-4q</link>
    </item>
    <item>
      <title>Grapevine: Onity Taps Tax Windfall; Loan Defects Increase</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Onity takes $120.0 million deferred tax asset valuation allowance; income/employment defects rise; Sagent launches servicing platform; AI company rescinds link to Intercontinental Exchange.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236737</guid>
      <pubDate>Fri, 20 Feb 2026 12:18:45 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236737-grapevine-onity-taps-tax-windfall-loan-defects-increase</link>
    </item>
    <item>
      <title>Bank MB Earnings Slump in 4Q25 Despite Higher Volume</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Nearly all publicly traded banks reported declining income from mortgage banking in the fourth quarter of 2025. But most of them saw an increase in earnings for the full year. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236586</guid>
      <pubDate>Fri, 06 Feb 2026 12:00:08 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236586-bank-mb-earnings-slump-in-4q25-despite-higher-volume</link>
    </item>
    <item>
      <title>Planet Financial, UWM Facing Some Financial Pressure</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The parent companies of Planet Home Lending and United Wholesale Mortgage were hit with rating moves by Fitch Ratings, which cited an increase in corporate leverage at the companies.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236221</guid>
      <pubDate>Fri, 19 Dec 2025 12:07:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236221-planet-financial-uwm-facing-some-financial-pressure</link>
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    <item>
      <title>MIAC Calls for FASB to Update MSR Recapture Accounting</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[The firm urged the Financial Accounting Standards Board to update fair value accounting standards for MSRs so they include recapture metrics.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236216</guid>
      <pubDate>Fri, 19 Dec 2025 12:02:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236216-more-calls-come-for-fasb-to-update-msr-recapture-accounting</link>
    </item>
    <item>
      <title>Bank Mortgage Earnings Up 6.1% in Third Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Banks and thrifts had a combined $2.49 billion of mortgage-banking income in the third quarter. Western Alliance Bank stood out, more than doubling its earnings from the second quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236214</guid>
      <pubDate>Fri, 12 Dec 2025 12:08:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236214-bank-mortgage-earnings-up-61-in-third-quarter</link>
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    <item>
      <title>Credit Bureaus Have Big Expectations for VantageScore</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Leaders at the three major credit bureaus, which own VantageScore, expect to see strong revenues and profits as the GSEs allow VantageScore to compete with FICO.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236089</guid>
      <pubDate>Fri, 05 Dec 2025 12:14:13 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236089-credit-bureaus-have-big-expectations-for-vantagescore</link>
    </item>
    <item>
      <title>Freddie Estimates Cost Savings for Digitized Lenders</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Lenders with high adoption rates for tools from Freddie Mac like automated collateral estimator and asset and income modeler have significantly lower per-loan costs and higher per-loan profits, the GSE says.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236053</guid>
      <pubDate>Fri, 05 Dec 2025 12:12:15 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236053-freddie-mac-estimates-cost-savings-for-digitized-lenders</link>
    </item>
    <item>
      <title>Nonbanks Post Small Drop in Mortgage-Banking Income</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Despite lackluster new origination volume in the third quarter, most nonbanks reported solid gains in production-related income. Many of them needed it to offset sharp declines in servicing income. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235928</guid>
      <pubDate>Fri, 21 Nov 2025 12:25:42 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235928-nonbanks-post-small-drop-in-mortgage-banking-income</link>
    </item>
    <item>
      <title>Servicers Supportive of Pennymac on MSR Accounting</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Pennymac asked the Financial Accounting Standards Board to clarify accounting practices involving mortgage servicing rights and recapture assumptions. The effort has support from some major MSR buyers who are looking for a level playing field.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235957</guid>
      <pubDate>Fri, 21 Nov 2025 12:15:44 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235957-servicers-supportive-of-pennymac-on-msr-accounting</link>
    </item>
    <item>
      <title>Figure Shifting From Direct Lender to Platform </title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[After originating HELOCs on its own as a proof-of-concept, Figure Technology Solutions is now largely facilitating originations and loan sales for others, charging fees along the way. The company generated $89.8 million of net income in the third quarter.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235958</guid>
      <pubDate>Fri, 21 Nov 2025 12:04:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235958-figure-shifting-from-direct-lender-to-platform</link>
    </item>
    <item>
      <title>Banks Post Solid Gain From Mortgage Banking in 3Q</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Although most of the large banks reported substantial increases in mortgage-banking income, many mid-size institutions struggled in the third quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235822</guid>
      <pubDate>Fri, 07 Nov 2025 12:10:04 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235822-banks-post-solid-3q25-gain-from-mortgage-banking</link>
    </item>
    <item>
      <title>Smaller Banks Making Big Moves With Mortgages</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Primis Bank, SmartBank, Bank7 and other smaller banks are touting efforts to increase their mortgage lending. Meanwhile, some banks continue to pull back from the sector.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235841</guid>
      <pubDate>Fri, 07 Nov 2025 12:04:14 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235841-smaller-banks-making-big-moves-with-mortgages</link>
    </item>
    <item>
      <title>Demand for AI-Backed Tools Lifts ICE Mortgage Revenue</title>
      <author>jdohnert@imfpubs.com</author>
      <description>
        <![CDATA[ICE’s lender clients are interested in using AI for document automation and customer engagement.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235840</guid>
      <pubDate>Fri, 07 Nov 2025 12:01:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235840-ai-boosts-ice-mortgage-segment-revenue</link>
    </item>
    <item>
      <title>Mortgage-Banking Income at Banks a Tad Lower in 2Q25</title>
      <author>nbhatia@imfpubs.com</author>
      <description>
        <![CDATA[Banks and thrifts reported a slight decline in their income from mortgage-banking activities in the second quarter, according to new call-report data. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235193</guid>
      <pubDate>Fri, 29 Aug 2025 13:46:04 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235193-mortgage-banking-income-at-banks-tad-lower-in-2q25</link>
    </item>
    <item>
      <title>Servicing Marks Boost Nonbank Earnings in 2Q25</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Several top nonbank lenders took significant writedowns on MSR during the second quarter, but the damage was less severe than in the previous period. Meanwhile, production-related income was up. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235087</guid>
      <pubDate>Fri, 15 Aug 2025 11:40:53 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235087-servicing-marks-boost-nonbank-earnings-in-2q25</link>
    </item>
    <item>
      <title>Ishbia Sets High Expectations for UWM Partnership With Bilt</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Bilt is a payments platform that offers rewards to consumers. The company recently received a $100 million investment from United Wholesale Mortgage at a valuation of $10.75 billion.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235074</guid>
      <pubDate>Fri, 15 Aug 2025 11:37:57 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235074-ishbia-sets-high-expectations-for-uwm-partnership-with-bilt</link>
    </item>
    <item>
      <title>Banks Eke Out Small Gain in Mortgage-Banking Income</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Production-related income rose smartly for most banks in the second quarter of 2025 but generally didn’t keep pace with higher originations volume. Results were mixed on the servicing side. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234943</guid>
      <pubDate>Fri, 01 Aug 2025 11:22:54 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234943-banks-eke-out-small-gain-in-mortgage-banking-income</link>
    </item>
    <item>
      <title>Rocket Working Toward ‘Refi Button’ Amid Acquisitions</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Rocket Mortgage is leaning on artificial intelligence to improve lending efficiency. The nonbank is wrapping up its acquisition of Mr. Cooper and already seeing benefits from its acquisition of Redfin.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234966</guid>
      <pubDate>Fri, 01 Aug 2025 11:16:56 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234966-rocket-working-toward-refi-button-amid-acquisitions</link>
    </item>
    <item>
      <title>Grapevine: Rate Outlook; Slower Home Price Appreciation</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Mortgage rates aren’t expected to move down much even if the Fed cuts interest rates next month; GSE economists slash projections for home price appreciation; ICE integrates origination and servicing platforms to originate home equity loans; majority of homeowners feeling financially stressed.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234964</guid>
      <pubDate>Fri, 01 Aug 2025 11:10:03 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234964-grapevine-interest-rate-outlook-fannie-projects-slower-home-price-appreciation</link>
    </item>
    <item>
      <title>Bank Retail Originations and Loan Sales Decline in 1Q25</title>
      <author>nbhatia@imfpubs.com</author>
      <description>
        <![CDATA[Although mortgage production and loan sales fell in the first quarter of 2025, banks and thrifts saw a significant increase in income from mortgage-banking operations. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234611</guid>
      <pubDate>Fri, 20 Jun 2025 11:20:37 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234611-bank-retail-originations-and-loan-sales-down-in-1q25</link>
    </item>
    <item>
      <title>Mortgage Earnings at Banks Spike in First Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Mortgage-banking income at banks increased by 65.6% on a sequential basis in the first quarter. Losses were rare among 358 banks reporting mortgage activity in call reports, though Bank of America took a hit. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234478</guid>
      <pubDate>Fri, 06 Jun 2025 11:39:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234478-mortgage-earnings-at-banks-spike-in-first-quarter</link>
    </item>
    <item>
      <title>Nonbank Mortgage Banking Income Crumbles in 1Q25</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Nonbanks reported a huge decline in servicing income during the first quarter, on the heels of a bonanza driven by MSR markups in the prior period. Meanwhile, gain-on-sale revenue fell as loan production volume declined sharply. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234330</guid>
      <pubDate>Fri, 23 May 2025 11:54:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234330-nonbank-mortgage-banking-income-crumbles-in-1q25</link>
    </item>
    <item>
      <title>Banks Tread Water in 1Q25 Mortgage-Banking Income</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Many banks reported sharp declines in mortgage originations — and income derived from it — in the first quarter of 2025. But gains from MSR hedging activity made up for the decline in production. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234193</guid>
      <pubDate>Fri, 09 May 2025 12:42:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234193-banks-tread-water-in-1q25-mortgage-banking-income</link>
    </item>
    <item>
      <title>Grapevine: Recapture Concerns; Rocket Eases Fitch’s Fears</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Rosy recapture-rate projections prompt some pushback; Fitch removes Rocket from downgrade watch; PennyMac upsizes debt offering; MISMO seeking comments.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234229</guid>
      <pubDate>Fri, 09 May 2025 12:30:09 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234229-grapevine-recapture-concerns-fitch-removes-rocket-from-downgrade-watch</link>
    </item>
    <item>
      <title>Servicing Drags Down Income at PennyMac, Mr. Cooper</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The nonbanks took negative marks on their large holdings of mortgage servicing rights as hedges didn’t fully offset a decline in interest rates on mortgages during the first quarter.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234104</guid>
      <pubDate>Fri, 25 Apr 2025 12:30:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234104-servicing-drags-down-income-at-pennymac-mr-cooper</link>
    </item>
    <item>
      <title>Florida Bank Retreats on Mortgage Lending, Goes Local</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Amerant Bank launched national mortgage operations in 2021. Now, the bank is reducing its footprint, focusing on lending in Florida where its bank branches are located.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234106</guid>
      <pubDate>Fri, 25 Apr 2025 12:29:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234106-florida-bank-retreats-on-mortgage-lending-goes-local</link>
    </item>
    <item>
      <title>Grapevine: Poaching Settlement; Loss on Sale of TPO Unit</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Waterstone Financial relents on defense against poaching allegations; Mr. Cooper takes loss on sale of Flagstar’s third-party originations unit; legal expenses rise at Mr. Cooper.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234107</guid>
      <pubDate>Fri, 25 Apr 2025 12:25:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234107-grapevine-poaching-settlement-loss-on-sale-of-tpo-unit</link>
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