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The Tennessee company also set high expectations for revenue opportunities while projecting it will deliver a 15% return on equity in 2019.
December 5 -
Higher costs dampened mortgage lenders' profitability, outweighing near-term gains in origination volume and per-loan revenue during the third quarter, according to the Mortgage Bankers Association's quarterly.
December 1 -
Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance.
November 21 -
The Seattle company, which has cut about 130 positions in the business in recent months, pointed to lower originations tied to a shortage of new and resale housing.
October 2 -
The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth.
July 20 -
Executives at BB&T, KeyCorp and Citizens are milking commercial lending niches and balancing cost control with new investments while waiting for more rate hikes to fatten margins.
April 20 -
Wintrust’s mortgage revenues fell in the first quarter, but net interest income picked up the slack.
April 19 -
The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth.
March 14 -
The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.
March 8