Earnings
Earnings
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More than two-thirds surveyed said they expect to make less money over the next three months as price reductions ramp up along with a market shift to purchases.
June 10 -
The company aims to use the additional capacity to get its non-qualified mortgage business back to producing $125 million per month, and anticipates more purchases of mortgage servicing rights, representatives said in its Q1 earnings call.
May 5 -
Hedge accounting will align Fannie’s reporting with competitor Freddie Mac, and will address a mismatch between the recorded value of financial instruments used to offset interest-rate volatility on mortgages and the loans themselves.
April 30 -
The West Palm Beach, Fla.-based lender sees an opportunity for even more growth after its deal to acquire a servicing portfolio from Texas Capital Bank.
April 29 -
Only $89 billion of the $362 billion in new single-family volume came from purchase mortgages.
April 29 -
Surging used-car prices — brought on by a combination of strong consumer demand and limited new-vehicle supply — are boosting loan yields and profits at the Detroit company.
April 16 -
After a booming 2020, more mortgage lenders than ever before expect diminishing margins in the coming months as climbing interest rates set up heightened competition.
March 11 -
Citigroup restated fourth-quarter results after writing down a portion of a loan to Revlon it now owns after losing a court battle.
March 1 -
The newly public digital mortgage giant is relying on a diverse set of loan channels to take on competitors in an increasingly crowded field, CEO Anthony Hsieh said in an earnings call this week.
February 18 -
While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.
February 12