Tag Archives: Profits

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.

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.

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.

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.

The first and second quarters of 2016 told two different stories for Goldman Sachs as far as earnings and overall business operations.

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.

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.

While JPMorgan Chase’s net income for the second quarter stayed relatively flat from a year ago, mortgage banking income took an upward turn.

The profits of nearly every large bank holding company took a hit in Q1 compared with the first quarter of 2015. Will Q2 be any better?

Lenders have various loan origination system (LOS) choices available today to ensure that their operations run smoothly, but choosing the right one can be trickier than it seems. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.