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?
Read More »How Lack of Smarter Logic Cuts Into Lender Profits
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.
Read More »Finally, a Bank that Increased Profits in Q1
While most of the nation’s largest banks and investment banking firms have struggled to exceed last year's Q1 profits in the first quarter this year, one bank finally managed to pull it off.
Read More »Bank of America’s Q1 Earnings Take a Hit
It was a tough first quarter for Bank of America, as the bank experienced a year-over-year decline of 13 percent in net income.
Read More »Wells Fargo’s Profits Fold Under Pressure
With intense pressure stemming from falling oil prices, historically low interest rates, and volatile financial markets profits at San Francisco-based Wells Fargo did not come in strong for the first quarter of 2016.
Read More »BofA Breaks Free From Financial Crisis Burdens
With the release of the company’s Q1 2016 earnings statement right around the corner, Bank of America CEO Brian Moynihan said in his letter to shareholders in the 2015 Annual Report that the bank is “no longer clouded over by heavy mortgage and crisis-related litigation and operating costs.”
Read More »Mortgage Originator Profitability on Shaky Ground
Although interest rates have been at historical lows, they are significantly up from 2012 lows. Not only has this caused many eligible refinancers to shy away from the market, but originators' profits are also suffering.
Read More »Is There any Silver Lining to be Found in Ocwen’s 2015 Earnings Report?
With the regulatory turbulence of 2014 largely behind them, Ocwen still had a tough year financially in 2015.
Read More »Fannie Mae’s Single-Family Business Suffers from Credit Expenses
Just one day after FHFA Director Mel Watt stated during an address in Washington, D.C. that risks facing the Agency (namely the GSEs’ declining capital buffer) are “certain to escalate” the longer the conservatorships of the GSEs continue, Fannie Mae reported an annual net income of $11.0 billion for 2015—a decline of 23 percent from the previous year’s net income of $14.2 billion.
Read More »Preliminary Report Shows Q1 Net Income of $34 Million For Ocwen
The company's Q1 2015 preliminary revenue of $510.4 million represents a 7 percent year-over-year decline, and preliminary income from operations dropped from $202.1 million in Q1 2014 down to $132.1 million in Q1 2015. Meanwhile, preliminary cash flow from operating activities for Q1 totaled $323 million, a year-over-year increase of 65 percent.
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