Home >> Tag Archives: Company News (page 88)

Tag Archives: Company News

New Survey Reveals Voters Prefer Dodd Frank Act

A new study from Lake Research Partners is revealing the popular perspective on the controversial Dodd Frank Act. The poll, which was commissioned by AARP, the Center for Responsible Lending, Americans for Financial Reform, and the National Council of La Raza, showed that voters are generally in favor of the legislation.

Read More »

SourceLink Offers MORE for Lenders Capitalizing on Refinancing

SourceLink has launched a new platform for lenders seeking strong refinancing prospects. The company recently debuted its MORE program, which SourceLink describes as an innovative campaign solution that gives lenders the ability to reach prime mortgage refinance prospects by utilizing direct mail and personalized campaign microsites.

Read More »

Hamilton’s Index Shows Strength in Financial Sector

Releasing its semi-annual index, Hamilton Place Strategies and the Partnership for a Secure Financial Future found that the safety and soundness of the nation's financial services industry is improving. The most recent Hamilton Financial Index showed a value of 1.22, which is 22 percent higher than the "historical norm." Based on data through the first quarter of 2012, the HFI is up seven points from February's findings. According to Hamilton's statistics, current totals represent a significant increase over the index's low point of 0.46.

Read More »

Mortgagebot and Avista Announce New Industry Partners

In Utah and Wisconsin, Mortgagebot and Avista have added two new clients for the companies' technology platforms. Mortgagebot and Avista, both of which share parent company D+H, will welcome University First Federal Credit Union and Bank of Lake Mills, to their roster of customers.

Read More »

Wells Fargo Sees Boost From Q2 Profits

Improvements in mortgage banking and credit quality helped Wells Fargo see income gains for the second quarter of 2012. On Friday, Wells Fargo reported a net income of $4.6 billion, or $0.82 per share. The reported earnings for the most recent quarter was an 18 percent increase from the same quarter a year ago, when net income was $3.9 billion, or $0.70 per share. Net income for the most recent quarter was also up from the previous quarter when net income was $4.2 billion, or $0.75 per share.

Read More »

Refinance Surge Adds to Chase’s Strong Q2 Finish

Rallying investors by end of day Friday, JPMorgan Chase posted strong earnings from the second-quarter, with Home Affordable Refinance Program modifications helping boost income for the laggardly mortgage servicing unit year-over-year. For mortgage production and servicing, the financial institution fielded $604 million in net income over the second quarter, a figure that trumps a net loss of $649 million from the past year. Mortgage production rose to $931 million in pretax income for the lender.

Read More »

Meritage Shows Strong Second-Quarter Home Order Data

Arizona-based Meritage Homes has reported second-quarter data that shows eight consecutive months of year-over-year increases in orders for the company. In addition to home orders numbers, Meritage's recently released survey also catalogs the company's closings and backlog figures. According to Meritage, home orders reached 1,353 units for the quarter ended June 30, representing a 49 percent rise year-over-year. Home order value shot up by 63 percent versus 2011 numbers, totaling $385,829.

Read More »

Wells Fargo Settles Race Claims, Exits Wholesale Originations

Wells Fargo wrote a check for $175 million on Thursday to settle claims that independent brokers drove a disproportionate number of otherwise creditworthy minority borrowers to higher-priced variable mortgages in the lead-up to the financial crisis. Wells Fargo denied any of the claims and took action Thursday to stop originating loans with independent mortgage brokers by Friday, a move that it billed as one separate from the settlement and ensuing controversy. The lender will work to close and process existing applications after Friday.

Read More »