Earnings
Earnings
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Genworth's U.S. mortgage insurance unit's adjusted operating income increased over the previous year as the lower corporate tax rate and lower loss ratio overcame a 9% reduction in new insurance written.
February 6 -
PulteGroup's housing-finance unit recorded a year-to-year decline in its capture rate for the fourth quarter, as competition in the market intensified.
January 29 -
Flagstar Bancorp's acquisition of 52 Midwest branches of Wells Fargo helped increase its core customer base, but its mortgage results were lower than anticipated in the fourth quarter, according to the Troy, Mich.-based bank.
January 22 -
Ditech Holding Corp. fired its chief operating officer after nine months, and entered into a forbearance agreement for a debt payment that was due in December, it said in a regulatory filing.
January 17 -
MGIC Investment Corp. responded to the broad-based roll out of "black box" pricing engines from the other mortgage insurers by bringing its version to market.
January 17 -
Bank of America's first-mortgage production dropped almost 26% year-over-year in the fourth quarter of 2018, but it experienced a less severe 10% decline in home equity lending during the same period.
January 16 -
Loans grew 6% at JPMorgan Chase, but the bank is "not going to be stupid" and assume that will last forever, its CEO says. Here are some precautionary steps it's taking.
January 15 -
Wells Fargo and JPMorgan Chase had reduced mortgage-related earnings in the fourth quarter as home loan activity continues to fall short of expectations.
January 15 -
Revenue slumped 5% in the fourth quarter, the third drop in the past year and a bigger one than analysts had expected.
January 15 -
Citigroup's residential mortgage originations declined 23% and its home-loan revenue dropped by 35% year-over-year in the fourth quarter of 2018, as the company continued to distance itself from home loans.
January 14