Corporate finance

Earnings increased by 81% year-over-year as its gain-on-sale margins grew nearly 2.5 times.

If mortgage lenders need to learn anything from the pandemic, it is relying on a single source for any service could disrupt their activities.

The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.

Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.

Two more lenders, AmeriHome and Caliber, look to join Rocket and United Wholesale Mortgage, by raising capital through public stock offerings.

The proposed best practices would be modeled after federal servicing standards and be used to supervise nonbanks firms subject to state regimes.

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

Even though second-quarter originations were nearly double the same period in 2019, most were refinancings, which generate less revenue for title companies.

That, along with continued high refinance volume over the next three months, keeps originators' profit forecasts elevated, Fannie Mae said.

The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.

Nearly half of the second-quarter volume came from its existing customers.

Cannae and Senator said they are looking to stop CoreLogic from unilaterally cancelling a vote on changing the members of its board.

Its stock price, which slid since day two of trading, opened 10% on the earnings news.

The company's Dun & Bradstreet investment reduced its results by $31 million.

Even though revenues beat analysts' estimates, Zillow lost $84 million in the second quarter, with its mortgage business losing $240,000.

The company reported nearly $23 million in losses for the second quarter, but that was an improvement on a quarter-to-quarter basis.

Insurance claims and claims expenses were 503% above 1Q and 1,075% over 2Q19.

The delinquent loan inventory more than doubled compared with the prior year.

The year-over-year increase came as homebuying picked up and the company's mortgage lending business boomed.