Stocks

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.

Rocket Cos. profits were over 35 times greater than what it disclosed for the first quarter.

The banks logged strong year-over-year growth in gain-on-sale margins for mortgage loans.

B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility the net worth sweep is declared illegal.

The lending giant's filing reveals what the company's internal structure will look like going forward.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Reps called the offer "opportunistic" and said it did not address regulatory concerns regarding overlaps with Bill Foley's other businesses, Fidelity and Black Knight.

If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.

Cannae Holdings, a spinoff of Fidelity National Financial, is trying to stage an unsolicited takeover of the property data, analytics and services firm that once had ties to Fidelity's competitor.

The company formally reported a nearly $65 million loss in the first quarter as the coronavirus affected its operations in March.

Analysts think the company could be looking for an acquisition target.

The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.

The company could be seeking a cash infusion to handle market difficulties ahead, but representatives are keeping mum on the matter.

The company's planned two-week halt on originations turned into more than two months on hiatus because of coronavirus-related market disruptions.

The company's pricing of its secondary stock option partially alleviated worries about the need to obtain new funds and the risk of dilution for existing shareholders.

The funds will allow the company to make further investment in its machine language technology.

The lenders also are receiving warrants to purchase New Residential stock.

After ending 2019 on a high note, Ocwen Financial posted an income loss in the first quarter due to the unexpected costs and volatility created by COVID-19.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.