Fidelity National Financial Inc., Jacksonville, Fla., has reported net income of $277.3 million ($1.99 per share) for the third quarter, compared with $143.5 million ($1.16 per share) a year earlier.The company pointed out that its results included $52 million in pretax realized investment gain and $53 million in expense items that had been previously disclosed. Those items had a net effect of $1 million in pretax expenses on the results and less than one-half-cent on earnings per share, FNF said. Fidelity National can be found on the Web at http://www.fnf.com.
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The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
September 17 -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
September 17 -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17