Earnings
Earnings
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Homebuilders are sinking — and blame that on disappointing economic data and earnings reports that trailed estimates.
July 25 -
The Internal Revenue Service's settlement with Radian Group may result in a $74 million tax benefit for the mortgage insurer that could improve its second-quarter results.
July 19 -
Mortgage banking revenue stemming from a year-to-year increase in rates weighed down noninterest income at U.S. Bancorp, but increased interest income from higher rates helped improve earnings overall.
July 18 -
Continued favorable loss development trends allowed MGIC Investment Corp. to beat analyst estimates for the second-quarter earnings report.
July 18 -
A new round of expense reductions is getting underway at Nationstar Mortgage as the company moves toward its acquisition by WMIH Corp., a shell company holding Washington Mutual legacy businesses.
July 17 -
Bank of America's residential mortgage origination volume fell short of last year's in its second-quarter earnings despite gains from digital sales and seasonal home buying, and broader consumer lending strength.
July 16 -
This year's sluggish spring home buying season led to generally softer mortgage-related second quarter results at Wells Fargo, JPMorgan Chase, Citigroup and PNC Financial Services Group, but First Republic Bank bucked the trend.
July 13 -
Strong demand for business and multifamily loans, combined with double-digit growth in wealth management revenues, more than offset rising expenses.
July 13 -
Mortgage fees at the nation’s biggest home lender declined by a third in the three months ended June 30 to the lowest in more than five years.
July 13 -
Ditech Holding Corp. is considering selling itself, just over four months after the lender emerged from bankruptcy protection.
June 29 -
Ditech Holding Corp. returned to profitability in the first quarter, benefiting from accounting adjustments related to its emergence from bankruptcy protection in February.
June 6 -
Ditech Holding Corp. has received a second notice from the New York Stock Exchange warning its common stock could be delisted for not being in compliance with the exchange's requirements.
May 29 -
The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations.
May 24 -
The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.
May 21 -
PHH Corp. took a net loss in the first quarter but was able to surpass minimums for net worth and available cash necessary for Ocwen Financial to acquire the company.
May 9 -
An increase in title orders opened helped Fidelity National Financial improve its first-quarter net income by 59% over the same period last year.
May 4 -
Nationstar Mortgage Holdings reported first-quarter net income nearly four times higher compared to the fourth quarter of 2017.
May 4 -
Costs rose at the global bank, profit in North America fell 16% and questions are mounting for new CEO John Flint ahead of the release of his strategic plan.
May 4 -
Fannie Mae's first-quarter profits were enough for it to rebuild its minimum capital buffer and pay the Treasury Department dividend after being forced to take a draw during the previous fiscal period.
May 3 -
Ocwen Financial Corp. got back in the black during the first quarter after selling New Residential Investment Corp. $110 million in economic rights to mortgage servicing.
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