Dafinchi AI

RKT

Financial Services

Adjusted diluted EPS was $0.04.
Adjusted EBITDA was $172 million, representing a 13% margin.
Adjusted revenue reached $1.34 billion, above the high end of guidance, representing 9% year-over-year growth.
Gain on sale margin for Q2 was 280 basis points, consistent with the 12-month average.
Held $6 billion in available cash and $7.6 billion in mortgage servicing rights, totaling $13.6 billion in balance sheet value.
Home equity loan volume nearly doubled year-over-year, hitting new records for units and volume.
Net rate lock volume increased by 13% year-over-year, exceeding $28 billion.
Redfin's financials were not included in Q2 results as the acquisition closed on July 1.
Served over 100,000 origination clients, a 19% year-over-year increase, driven by home equity loan growth.
Total liquidity stood at $9.1 billion, including cash, undrawn lines of credit, and MSR credit facilities.

RDN

Financial Services

Radian expects to pay up to $795 million in total distributions to shareholders in 2025, with $400 million already paid in the first half.
The company maintains a stable PMIERs cushion of $2 billion, indicating strong capital buffers.
Total holding company liquidity was $784 million at the end of Q2, down from over $1 billion two years ago due to share repurchases.
The company has an undrawn credit facility of $275 million, providing additional financial flexibility.
Management emphasizes a cautious yet opportunistic approach to liquidity and capital allocation, balancing share repurchases with maintaining sufficient buffers.

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