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Mortgage lenders' gain on the sale of loans to the secondary market has finally increased after several quarters of declines, according to Richey May.
March 15 -
Financial consultancy Richey May has purchased mortgage business analytics provider Amata Solutions in a deal that will help the acquiring company further build out the technology-consulting division it started last year.
January 24 -
If falling volume and rising costs weren't bad enough for nonbank mortgage lenders, an extended run of tight gain-on-sale margins is further eating into their profits.
November 9 -
With spring homebuying in bloom, the second quarter brought profits to independent mortgage bankers after going negative for the second time ever, according to the Mortgage Bankers Association.
August 29 -
The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.
June 14 -
Declining mortgage origination volume and record-high costs drove production income for independent mortgage bankers into negative territory, according to the Mortgage Bankers Association.
June 6 -
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 -
Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets.
October 13 -
The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.
March 8