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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.July 30
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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.July 17
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While rival banks reported increases in loans and deposits, thanks largely to their participation in the Paycheck Protection Program, State Street and Bank of New York Mellon saw their balance sheets shrink in the second quarter.July 17
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Some 60% of Ally’s auto originations in the second quarter were used-vehicle loans, the highest percentage in the company's history.July 17
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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.July 13
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The Federal Reserve's extraordinary effort to keep credit flowing to companies during the COVID-19 pandemic is also shunting money to banks' bottom lines.July 13
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The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.June 11
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The central bank's Financial Stability Report said companies may face difficulties repaying debt given lower earnings, “which could trigger a sizable increase in firm defaults."May 15
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Rick Thornberry is looking to the lessons from the Great Recession and applying them to current conditions.May 12
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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.May 8
