Continuing an unfortunate trend for non-bank mortgage servicers in the second quarter of 2016, Walter Investment Management reported a net loss for the three-month period ending June 30, 2016.
Read More »Fannie Mae’s Q2 Earnings are Solid Despite Profit Decline
Despite a year-over-year decline in profitability, Fannie Mae's Q2 earnings report still contained several positives, among them liquidity provided to the mortgage market and credit risk transfer.
Read More »Nationstar Finds Positives Despite Q2 Net Loss
The first quarter this year was not kind to non-bank mortgage servicers, earnings-wise. In the last couple of weeks, the industry has seen that the second quarter has not been so great, either.
Read More »Is Freddie Mac Back or is the Q2 Profit a Mirage?
Depending on what number Freddie Mac's Q2 net income is compared to, it’s either a significant gain or a sign of further financial trouble for the GSE.
Read More »Ocwen Absorbs Another Quarterly Loss
Legal expenses stemming from the Fisher cases cut into Ocwen's second quarter earnings.
Read More »SunTrust’s Q2 Profits Rise, Driven by Mortgage Income
Continuing a second quarter theme exhibited by many the country’s largest banks, revenue from the mortgage segment was largely responsible for improved earnings in Q2 for SunTrust.
Read More »Morgan Stanley’s Q2 Results Provide Calm in Rough Waters
It has been a tough year so far for Morgan Stanley. So the news that the investment banking firm’s net income rose substantially and beat expectations came as welcome news.
Read More »Goldman Sachs Profits: A Tale of Two Quarters
The first and second quarters of 2016 told two different stories for Goldman Sachs as far as earnings and overall business operations.
Read More »Bank of America: Mortgage Production Up, Profits Down
Mortgage production was up for Bank of America in Q2 despite a drop in mortgage income during the quarter as well as a substantial overall drop in profits.
Read More »Mortgage Activity is On the Move for Banks in Q2
Wells Fargo, U.S. Bancorp, and PNC Financial Services Group all continued what JPMorgan Chase started, reporting increased mortgage activity for the second quarter of 2016.
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