Tag Archives: First Quarter Earnings

The Q1 financial results for Fannie Mae contained much better news than the report of its fellow GSE, Freddie Mac, earlier this week.

Nationstar was the only one of the three largest non-bank servicers rated by Moody's to turn a profit in 2015, but the Dallas-based servicer couldn't keep it up in the first quarter of 2016. What caused the net loss for Nationstar, and which segments of the company performed well in Q1?

Walter Investment Managaement Corp., on Tuesday continued a trend observed among many non-bank servicers in the last year and the start of this year with a major loss to its first quarter earnings, particularly in its mortgage servicing and origination segments.

The tough first quarter for Ocwen suggests an ongoing trend for non-bank mortgage servicers—even though they have a much larger share of the mortgage market than they did just four years ago, they are having difficulty profiting.

Investment banking firm, Goldman Sachs, is the latest financial firm to have its profits take a turn for the worse, following plummeting incomes reported from JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and PNC.