Earnings
Earnings
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
1h ago -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16 -
Home loan originations were tepid in the first quarter, but higher margins helped large depositories bolster income even when the drop was particularly steep.
April 12 -
Citigroup's earnings topped analysts' estimates as corporations tapped markets for financing and consumers leaned on credit cards.
April 12 -
The company reported net interest income that slightly missed analyst estimates, a sign the benefit of higher interest rates may be waning amid pressure to pay out more to depositors. Costs rose on higher compensation and an FDIC assessment.
April 12 -
Omnichannel mortgage originators were able to grow their market share as singularly focused firms had to retrench, Morningstar DBRS said in a report.
April 3 -
With high deposit and borrowing costs persisting amid the Federal Reserve's campaign against inflation, lenders face stress on their net interest margins and the potential of troubled loans ticking up.
April 2 -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
UWM kicked off the new year as the number one lender in the U.S. in overall and wholesale production as well as purchase mortgage originations, but it has not been all smooth sailing.
March 27