Welcome to our dedicated page for Velocity Financial news (Ticker: VEL), a resource for investors and traders seeking the latest updates and insights on Velocity Financial stock.
Velocity Financial, Inc. reports news around its real estate finance platform for business-purpose and investor real estate loans. The company primarily originates and manages loans secured by 1-4 unit residential rental and small commercial properties, with revenue tied to interest income, origination activity and portfolio performance.
Recurring updates focus on quarterly and annual earnings, loan production, portfolio unpaid principal balance, portfolio net interest margin, noninterest income and credit-related portfolio activity. News also includes capital-structure actions, including senior notes issued through Velocity Commercial Capital, LLC, and scheduled earnings webcasts for its NYSE-listed common stock.
Velocity Financial (NYSE: VEL) announced a definitive agreement to acquire the operating platform of Toorak Capital, a business-purpose lending and asset management platform majority owned by funds advised by KKR affiliates. Separately, Toorak agreed to sell its approximately $3 billion unpaid principal balance business-purpose loan portfolio to a third-party investment firm. Upon closing, Velocity will enter agreements to manage that portfolio and to sell future Toorak loan production to the third-party firm and other counterparties. The combined platform and portfolio transactions are estimated at about $3.2 billion based on Toorak’s June 30, 2026 balance sheet. The deal is expected to increase Velocity’s origination scale by 76% and servicing scale by 39%, expand its RTL and DSCR product offerings, add a direct retail channel, and extend reach into the UK. Velocity expects the transactions to be accretive to GAAP earnings in 2027 and to support a more capital-light, fee-based model.
Velocity Financial (NYSE: VEL) reported 2Q26 pretax income of $35.2 million, up 3.9% year over year, and net income of $25.2 million, down 3.2% mainly from a higher effective tax rate. Diluted EPS was $0.64 versus $0.69 in 2Q25. Core net income rose 1.4% to $27.9 million and core diluted EPS was $0.71.
Net revenue increased 10.7% to $95.0 million, while operating expenses rose 15.1% to $59.8 million. Portfolio net interest margin was 3.66%, down from 3.82%. The total loan portfolio reached $7.0 billion UPB, up 19.2%, and the NPL ratio improved to 9.6% from 10.3%. Loan production was $672.6 million, down 7.3% year over year. Liquidity totaled $240.0 million, and the company completed two securitizations, including $398.5 million of securities in VCC 2026-2.
Velocity Financial (NYSE:VEL) will release its second quarter 2026 financial results after market close on Wednesday, August 5, 2026. On the same day, the executive management team will host a webcast and conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the results.
The live listen-only webcast will be available via the Events and Presentations section of Velocity’s investor relations website, with an audio replay accessible online and by phone through August 31, 2026 using passcode 5566224.
Velocity Financial (NYSE:VEL) announced that Kroll Bond Rating Agency completed a surveillance review of 30 securitizations issued by subsidiary Velocity Commercial Capital, resulting in 379 rating affirmations and 27 rating upgrades.
KBRA cited increased credit support, minimal losses, and positive loan pool performance, with cumulative losses ranging from 0.00% to 0.95%.
Velocity Financial (NYSE:VEL) appointed Dean Thevaos as Chief Technology Officer, effective June 1. He will lead technology and engineering with a mandate to modernize Velocity’s platform, enhance product capabilities, and build scalable operational infrastructure.
Thevaos brings over 20 years of financial services technology experience, including CTO and Head of Product at a leading retail mortgage lender, senior engineering leadership at LendingTree through multiple acquisitions, and earlier roles at Wells Fargo and the City of Charlotte.
Velocity Financial (NYSE: VEL) reported 1Q26 net income of $22.4M (+18.4% YoY) and core net income of $26.5M (+30.8% YoY). Diluted EPS was $0.57 and core diluted EPS $0.68. Total loans rose to $6.84B (+25.4% YoY). Portfolio NIM was 3.56%. The company completed two securitizations totaling $513.8M and held $329.0M in liquidity.
Velocity Financial (NYSE:VEL) will release its first quarter 2026 financial results after market close on Wednesday, May 6, 2026. Management will host a live conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET the same day.
Investors can access the listen-only webcast via the Events and Presentations section of Velocity's Investor Relations website. Phone participants should dial in 15 minutes early; an audio replay and a phone replay (passcode 6829289) will be available through midnight on May 29, 2026.
Velocity Financial (NYSE: VEL) reported strong fourth-quarter and full-year 2025 results with 4Q25 net income of $34.8M (up 69%) and full-year net income of $105.1M (up 53.5% YoY).
Key drivers were record loan production of $634.6M in 4Q25, higher portfolio NII, fair value gains and a $13.4M tax‑effected gain on NPL sales. Capital actions included two securitizations totaling $646.3M and diluted book value per share rose to $17.19 at year‑end.
Velocity Financial (NYSE: VEL) closed an offering of $500.0 million aggregate principal of 9.375% senior notes due February 15, 2031, sold at par on January 30, 2026. Net proceeds were approximately $487 million. The company will use about $222.7 million to fund redemption of its 7.125% secured notes due 2027 and the remainder for general corporate purposes, including repayment of warehouse borrowings and up to $75 million for a potential acquisition.
Velocity Financial (NYSE:VEL) will release its fourth quarter and full year 2025 financial results after market close on Wednesday, March 11, 2026. Management will host a live webcast and conference call at 2:00 p.m. PT / 5:00 p.m. ET the same day, with an audio replay available through March 27, 2026.
Webcast access and replay details are available on the company’s Investor Relations website under Events and Presentations; phone dial-in and international numbers plus replay passcode 4826570 were provided.