Capital One Financial Corp., McLean, Va., has reported a net loss of $81.6 million ($0.21 per share) for the third quarter that stemmed from an $898 million loss from discontinued operations related to the shutdown of GreenPoint Mortgage.Capital One said earnings totaled $2.09 per share for the quarter excluding the loss from discontinued operations. The company's net income a year earlier totaled $587.8 million ($1.89 per share). The shutdown of GreenPoint, announced in August, is now "largely complete," Capital One said. The company can be found on the Web at http://www.capitalone.com.
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Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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