Nationstar Mortgage Holdings in Dallas swung to a profit in the fourth quarter, compared to the previous quarter, on higher revenue from servicing.
Net income rose to $78.9 million versus a loss of $66.3 million in the third quarter, according to a news release Thursday. Earnings per share were 73 cents.
Total revenue rose to $587.7 million from $397.2 million, as service-related revenue almost doubled. Expenses fell 6.7% to $416.5 million.
All of those surveyed by Wolters Kluwer for its May Blue Chip Economic Indicators report ruled out the possibility the Fed could raise short-term rates.
The allegations against New York's attorney general involve transactions that occurred over decades, but James called the charges political retaliation.
A 90-day pause on reciprocal tariffs between the U.S. and China boosted the near-term economic outlook for banks, but tensions and uncertainty around trade barriers remain high.
April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.
Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025.
The Consumer Financial Protection Bureau issued a policy directive rescinding scores of standing guidance documents, interpretive rules and advisory opinions in a bid to reduce compliance costs.
