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The origination boom generated another profit for the company in the third quarter, when also it obtained a novel source of liquidity to support its servicing operations.October 30
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Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.October 29
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The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind.October 28
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With the COVID-19 pandemic creating unprecedented challenges for small businesses, American Express has increasingly targeted its investments in that niche.October 23
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Minus various expenses including corporate, legal and servicing rights valuation, Ocwen had adjusted pretax income of $13.5 million.October 20
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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
