The latest quarterly earnings report for Q1 2025 highlights the performance of major players in the mortgage and real estate sectors. Many firms such as Better, Fannie Mae, and Finance of America have reported profits, indicating a recovery in the housing market. Notably, Better utilized AI to achieve its first profitable month since 2022, while Fannie Mae continues its profitability streak for 29 consecutive quarters. In contrast, some firms like Pennymac have seen shrinking profits, reflecting a varied landscape of growth and challenges across the industry.
"Better leans on AI, sees first profitable month since 2022"
"Fannie Mae posts 29th straight quarter of profitability amid GSE shakeup"
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