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Brad Finkelstein

Brad Finkelstein

Editor

Brad Finkelstein is the editor of Origination News and originations editor of National Mortgage News. Among his areas of coverage are wholesale lending, consumer marketing, reverse mortgages, appraisals, mortgage insurance and title insurance.

Finkelstein has been with NMN since May 1990. Prior to that he was the associate editor of the Airport Press in Jamaica, N.Y., and a reporter for This Week Publications on Long Island. He is a past president of the New York Financial Writers Association.

All Brad Finkelstein's Stories
United Guaranty reported pretax operating income of $644 million for 2015 while its new insurance written increased by 21%.
Ellie Mae earned $22.6 million as it recorded record revenue and the number of Encompass users grew by 25%.
Arch's mortgage insurance unit saw an increase of over 1,000% in fourth-quarter underwriting income due to a significant decline in losses and loss-adjustment expenses.
Genworth's U.S. mortgage insurance business earned $179 million in 2015, but the parent company lost $615 million as it still has problems with its long-term care insurance product.
United Guaranty's spinoff from American International Group will result in changes to its capital structure that could shake up the competitive landscape in the private mortgage insurance market.
Radian Group reported net income of $287 million, compared with $960 million for 2014, but that year's results were boosted by a tax allowance reversal.
John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.
MGIC Investment Corp. posted net income of $102.4 million in the fourth quarter, a gain of 36% from the $75.1 million it earned in the same period in 2014.
Bank of America's mortgage banking income was down 26% from a year ago due to a decrease in core loan production revenue and higher intercompany charges during the fourth quarter.
Fourth-quarter mortgage banking income at Wells Fargo & Co. totaled $1.7 billion, up 10% from the $1.5 billion recorded in the fourth quarter of 2014, as the gain on originations and sales increased by $145 million year-over-year.
JPMorgan Chase reported a 21% drop in year-over-year earnings for its mortgage business as revenue dropped 10%.
BankUnited of Miami Lakes, Fla., has exited the retail mortgage origination channel.
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