Earnings
Earnings
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The company's builder and mortgage banking segments both ended up in the black, as sales for new constructions outperform the existing-home market.
October 24 -
The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.
October 23 -
Unlike some banks that reported earlier, the subsidiary of PlainsCapital Bank saw its gain on sale decrease from the second quarter.
October 20 -
JPMorgan Chase now tops Wells Fargo in third-party servicing, origination volume and on-balance-sheet home loans, according to company filings.
October 13 -
The Pittsburgh-based regional bank expects to save $325 million next year as it reduces its staff by 4%. Executives said the cuts are necessary because revenue has fallen amid a surge in interest rates and a decline in loan volumes.
October 13 -
Reluctance to eliminate staff with the hope that business will turn around has been a driver of the multiple quarter stretch of industry losses, its latest study of mortgage lenders found.
September 26 -
The lender has shed nearly 80% of its expenses in the past year, in part through massive downsizing.
August 28 -
Both Keefe, Bruyette & Woods and BTIG believe the transaction — key to spinout of the mortgage business — will be completed despite the opposition of Sculptor founder Dan Och.
August 17 -
All six companies reported a shift on a quarter-to-quarter basis, and most were still off from a year ago.
August 15 -
BofA's fintech accelerator launch and Guaranteed Rate's new insurance offering via a brokerage spinoff are among the latest fintech stories.
August 14 -
The privately held company added a retail branch network and a $10 billion servicing portfolio — and is looking for more.
August 10 -
The fintech is reducing its sales and marketing expenses and promoting a healthy pipeline of consumer banking products, representatives said.
August 10 -
The company, which recently divested in the forward mortgage business and sold off its title services unit, reported a $222.5 million loss.
August 9 -
But its operating income missed estimates with servicing income and gain-on-sale margins coming in lower than expected.
August 9 -
The lender and servicer posted its highest pull-through weighted gain-on-sale margin in almost two years while recording modest production growth.
August 9 -
The REIT issued its second securitization of the year in June, while also purchasing or locking $50 million in newly originated loans.
August 8 -
The real estate investment trust declined to comment on its bid to buy Western Asset Mortgage Capital, a company that received a sweetened competing offer from Terra Property Trust last week.
August 7 -
Radian and MGIC grabbed a larger portion of new insurance written during the period while maintaining pricing discipline.
August 7 -
The turnaround was due to a $42 million positive servicing mark. Even with the operating loss, it beat estimates.
August 4 -
The mortgage shop's net income was $36.9 million in the second quarter, up from a net loss of $37.2 million in the first three months of the year.
August 4



















