Stocks

The private equity megalith's mortgage trust made a second-quarter net income of over $17.5 million and $85.2 million in core earnings.

The investors seeking to take over CoreLogic plan to solicit support from fellow shareholders to replace nine directors, after the company refused to engage in talks over their $7 billion proposal to take it private.

CEO Douglas Gordon credited the relationship between Waterstone Financial and the mortgage subsidiary for the boost in net income.

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

Other moves it is undertaking include business divestitures and increased dividends while defending against a takeover attempt.

The company lost $8.9 million in the second quarter, but its origination and servicing businesses were profitable.

Fannie Mae could be worthless to public shareholders, according to its newest analyst.

The domestic mortgage insurer could have a portion of its equity sold as an initial public offering if the China Oceanwide transaction were to be terminated.

The technology company reiterated its call for the hostile bidders to raise their $65 per share offer.

Ocwen Financial's preliminary second-quarter results put it back in the black, and it is positioning its growing distressed-servicing expertise and pandemic-induced exposures as a net positive.