It's still preliminary, but we've been hearing reports that at least two different Wall Street firms may soon come to market with nonperforming residential loan portfolios north of $100 million each. No names were mentioned, at least that we could verify. Unbeknownst to most of the public, many of the major Wall Street firms have trading desks that buy and sell nonperformers. As for these companies disclosing what they are up to in regard to NPLs, you can forget about it...
Here are the 50 women who did the most dollar volume for the previous 12 months in this year's Top Producers survey.
Finance of America's earnings per share came out to $1.10, double that of the first quarter of 2025 and well above the a S&P Capital IQ Pro consensus estimate of $0.84.
PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.
The lender and servicer, which continues to make investments ahead of a future high-demand cycle, has reported tumbling margins in the past year.
Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.
Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
