Big banks beat Q3 earnings expectations, with modest growth in mortgages

Third-quarter earnings for big banks Wells Fargo, JPMorgan Chase and Citigroup Inc. surpassed investor expectations on Tuesday, marking Wall Street’s resilience during fickle economic times. Wells Fargo’s revenue for Q3 2025 reached $21.43 billion, compared to an expected $21.14 billion. As a result
Read MoreFinance of America partners with Better to expand into home equity lending

Finance of America (FOA) will begin offering home equity lines of credit (HELOCs) and home equity loans for homeowners ages 55 and older through the Tinman AI Platform that’s owned by Better Home & Finance Holding Co. At the same time, FOA will become Better’s partner for reverse mortgages, the comp
Read MoreDark Matter expands Empower LOS with eClosing integration

Dark Matter Technologies has expanded its Empower loan origination system (LOS) to include eClosing capabilities by integrating Wolters Kluwer’s eOriginal ClosingCenter and eOriginal eAsset Management Platform, the company announced Tuesday. The integration enables a fully digital mortgage closing p
Read MoreMat Ishbia reimagines servicing at UWM through Bilt rewards platform

United Wholesale Mortgage (UWM)’s new partnership with loyalty platform Bilt underscores CEO Mat Ishbia’s vision for the company’s servicing portfolio since bringing these operations in house. Traditionally a seller of mortgage servicing rights (MSRs), the lender may now be more focused on retaining
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