The news of the over-the-year decline in JPMorgan Chase's net income came on the same day that the Fed and FDIC announced that the bank's "living will" for 2015 is deficient.
Read More »Freddie Mac Marks Fourth Consecutive Year of Profitability
The ability of the GSEs to remain profitable has been questioned by lawmakers and other stakeholders, but Freddie Mac answered the question Thursday with its fourth quarter and full-year earnings—at least for now.
Read More »BNY Mellon, BankUnited Earnings See Huge Gains Despite Challenges
Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.
Read More »Goldman Sachs’ Earnings Suffer the Aftershocks of RMBS Settlement
The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.
Read More »Citigroup Posts Best Yearly Income Since 2006; Wells Fargo Holds Steady
While the approaching date of December 25, 2015, meant it was beginning to look a lot like Christmas for many, for Citigroup it was beginning to look like the pre-crisis year of 2006.
Read More »Bank of America, Morgan Stanley Report Strong 2015 Earnings
With multi-billion dollar mortgage-backed securities settlements mostly in the rear view mirror, Bank of America and Morgan Stanley both posted solid results in their respective Q4 and full year 2015 earnings statements released on Tuesday
Read More »U.S. Bancorp, PNC Profits and Mortgage Revenues Decline
U.S. Bancorp and the PNC Financial Services Group Inc., reported Friday morning that net income at both banks is down from the previous year, and the results for mortgage banking revenues at both banks followed right along.
Read More »Fannie Mae’s Net Income Reaches $2 Billion in Q3
Two days after fellow GSE Freddie Mac reported a net loss of $475 million for Q3, Fannie Mae reported a net income of $2 billion for the third quarter and a comprehensive income of $2.2 billion.
Read More »Wells Fargo and BofA Report Strong Q3 Financial Results
Wells Fargo and Bank of America posted strong 2015 third quarter financial results, with net incomes reaching $5.8 billion and $4.5 billion, respectively.
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