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Kearny Financial is partially restructuring its balance sheet in response to a problem that many banks are facing. The bank's actions should result in a sizeable income boost once they're fully phased in, an analyst said.
December 9
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The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.
November 9
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The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.
November 8
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The government-sponsored enterprise put more money aside as mortgage interest rates rise and home prices start to decline.
November 8
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The company's volume fell behind its wholesale-focused chief competitor's in the third quarter but management foresees potential weakness in the broker channel.
November 4
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They have a range of positions in the mortgage market; and some investors believe they could be bought at a discount now, potentially gaining value later when interest rate stability returns.
October 31
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The closure of its nationwide retail business — which followed the shuttering of its consumer direct business in Q2 — pushed the Florida bank into a $1.4 million loss for the most recent quarter.
October 28
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The consumer lending fintech held about one-third of its loan originations on its balance sheet and fortified its deposit base this quarter.
October 27
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In a week where homebuilding stocks were faced with surging U.S. Treasury yields and data showing weakening demand for homes, one analyst is throwing in the towel on the sector.
October 23
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The addition of investment bank Capstone Partners and the wider geographic footprint that resulted from the acquisition of TCF Financial helped drive a 58% increase in net income during the third quarter.
October 21
