Earnings
Earnings
-
These companies benefited from the strong refinance market in 2021, but are facing a different environment with fewer mortgage originations expected this year.
February 24 -
The company has been working to improve its bottom-line results by aggressively cutting expenses and repositioning its servicing operation to maximize its profitability, according to CEO Willie Newman.
February 24 -
Current president Joe Nackashi will become CEO in place of Anthony Jabbour who will be taking the role of executive chairman.
February 15 -
"The quality of our new business is high. The pricing of that business does not reflect the capital requirements of our regulatory rule," CEO Hugh Frater said.
February 15 -
The companies plan to collaborate on the development of a cloud-native servicing platform, which could result in a stronger competitor to dominant player Black Knight in the marketplace.
February 11 -
The nation's second largest title insurer reported lower fourth quarter earnings, but the shift to purchase transactions pushed revenue higher.
February 10 -
However, leadership noted that 2021 was the second record year for new single-family mortgages and also discussed how the government sponsored-enterprise plans to further rebuild its capital.
February 10 -
The company said it would increase efforts in non-QM lending and dropped hints about further acquisitions.
February 8 -
Pretax income in the servicing segment outpaced its loan production unit in the fourth quarter, as the company launches new branding initiatives.
February 4 -
But the company was able to increase the share of its top line that came from recurring income streams while minimizing the impact of more volatile transactional-based ones.
February 3 -
While bullish on the future, CEO Anthony Hsieh noted that the company is “doing the necessary work to ensure our operations appropriately reflect our expectations for the changing market."
February 1 -
Multifamily and specialty finance loans, which were highlights during the fourth quarter, should increase further in 2022, company executives said.
January 26 -
Despite that year-over-year decline, the company beat analysts' expectations with fourth-quarter net income of $5.8 billion. Stronger commercial lending and lower expenses cushioned the blow in consumer credit.
January 14 -
The company's fourth-quarter trading revenue declined notably more than analysts had expected, while its business and consumer lending each dropped 1% year over year.
January 14 -
Higher sales commissions helped to drive production costs to their second-highest level since the Mortgage Bankers Association started its survey in 2008.
November 30 -
The company was able to generate a relatively higher margin than the previous quarter, in contrast to broader industry trends, bringing its bottom line back into the black.
November 12 -
The company’s servicing operations also reported a quarterly profit, with its portfolio increasing by 20% annually.
November 11 -
The company increased and diversified its income streams beyond the mortgage sector but expenses associated with stock-based compensation and a recent acquisition outweighed these gains.
November 11 -
Amid its first post-IPO securitization of loans made outside a regulatory definition for standard products, the company has seen purchases accelerate, but it underperformed by some analysts’ estimates.
November 10 -
The wholesale lender's net income of nearly $330 million factored in a $170.5 million hit from a reduction in its mortgage servicing rights fair value.
November 9


















