Earnings
Earnings
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National MI set a record for new insurance written in the fourth quarter, but its parent company reported a net loss for the period due to tax reform.
February 16 -
Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.
February 15 -
Tax reform caused Fannie Mae to burn through retained earnings that had been approved just two months ago and to post a fourth-quarter loss. CEO Timothy Mayopoulos argued it was a one-time event that overshadowed strong fundamentals.
February 14 -
Fannie Mae will request an infusion of taxpayer money for the first time since 2012 because of an unintended but anticipated side effect of the corporate tax cut signed into law in December.
February 14 -
Arch Capital Group's mortgage insurance subsidiary increased its cushion under the secondary market capital standards in the fourth quarter even as its delinquent inventory grew.
February 13 -
Ellie Mae's fourth-quarter and full-year revenue increased over the corresponding prior periods following its acquisition of Velocify.
February 9 -
Anthony Renzi, the former Freddie Mac executive brought in to try and right the ship at Walter Investment Management Corp., will be leaving the company once a replacement is found.
February 2 -
The changes to the tax code reduced Radian Group's fourth-quarter net income as the company took an incremental provision of $102.6 million.
February 1 -
Walter Investment Management Corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned Jan. 31.
January 31 -
The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business.
January 31