Earnings
Earnings
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The origination boom generated another profit for the company in the third quarter, when also it obtained a novel source of liquidity to support its servicing operations.
October 30 -
Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.
October 29 -
The upcoming shift may help to prepare the government-sponsored enterprise for a conservatorship exit by reducing interest-rate volatility in Fannie’s earnings.
October 29 -
The government-sponsored enterprise also saw a 22% increase in net worth from the second quarter.
October 29 -
The mortgage unit contributed $20 million of the $26 million the holding company earned over that period.
October 27 -
The company had lower losses on its mortgage servicing rights investments compared with the second quarter.
October 26 -
First American Financial, Old Republic, Stewart reveal how the third-quarter results point their way forward.
October 26 -
Hint: It's not all about the money. Company leadership enumerates the intangible benefits of going public.
October 23 -
The war of words between Senator Investments, Cannae Holdings and CoreLogic continues in the run-up to the Nov. 17 special shareholders meeting.
October 23 -
Minus various expenses including corporate, legal and servicing rights valuation, Ocwen had adjusted pretax income of $13.5 million.
October 20 -
Strong mortgage and capital markets activity helped offset credit costs and one-time items in the third quarter at Citizens Financial Group. In a period of low rates, CEO Bruce Van Saun says he’d like to buy more fee-generating businesses.
October 16 -
The company expects to get between $17 and $19 per share.
October 15 -
CEO Charlie Scharf disappointed investors by failing to provide either a detailed road map for long-term expense reductions or say when he might release such a plan.
October 14 -
But current owner Blackstone and FOA management will keep 70% of the company after its merger with a SPAC.
October 13 -
The San Francisco bank reported record loan originations thanks to explosive growth in single-family home loans, and profits beat analysts' expectations.
October 13 -
Earnings increased by 81% year-over-year as its gain-on-sale margins grew nearly 2.5 times.
October 13 -
The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.
October 7 -
Two more lenders, AmeriHome and Caliber, look to join Rocket and United Wholesale Mortgage, by raising capital through public stock offerings.
October 2 -
Even though second-quarter originations were nearly double the same period in 2019, most were refinancings, which generate less revenue for title companies.
September 11 -
That, along with continued high refinance volume over the next three months, keeps originators' profit forecasts elevated, Fannie Mae said.
September 11


















