Tag Archives: Profits

After a quarter of growth, Fannie Mae's total Book of Business remained essentially flat in October.

A recently released study shows that a vast majority of consumers would consider looking to non-banks for their next mortgage.

Real GDP growth for the third quarter was revised up significantly, reaching a 2.7 percent annualized growth, the Bureau of Economic Analysis (BEA) reported Thursday. Economists had forecast a 2.8 percent growth rate from the first estimate of 2.0 percent reported last month. Residential fixed investment accounted for $12.2 billion in the third quarter, according to the revised report, virtually unchanged from the $12.3 billion in the advance report of the third-quarter GDP increase and up from the $7.2 contribution in the second quarter.

Standardization and stability brought on by regulation will pave the way for a bright future for mortgage banking, FBR speculates.

Banks continued to enjoy boosted earnings in the third quarter from increasingly strong gain-on-sale (GOS) margins.

Fannie Mae reported a $1.8 billion net income for Q3 this year, an improvement over the $5.1 billion loss last year.

A turnaround in housing helped drive Freddie Mac to a $2.9 billion profit in the third quarter, the GSE reported.

Banks may be missing out on an opportunity to expand their mortgage business by a large portion, according to a consumer mortgage study.

Higher mortgage revenues helped Citigroup see retail banking revenues increase 35 percent to $1.7 billion from the third quarter of 2011.

Real gross domestic product (GDP) increased at an annual rate of 1.3 percent during the second quarter of the year, falling below market expectations.