Tag Archives: Profits

The typical seller is still making a strong profit when selling their home, but that number has dropped for the first time since 2011.

“It seems pretty likely that home seller profits peaked for this cycle in 2022,” said Rick Sharga, EVP of Market Intelligence at ATTOM.

"If the Federal Reserve's objective was to slow down the housing market, it has succeeded spectacularly," said Rick Sharga, EVP of Market Intelligence at ATTOM.

Home sellers were earning a 4.4 percentage point profit on their sales in Q1, marking the largest drop since 2011.

A study analyzed the profits home sellers made in 2017 with the down payments they had to make on a new home. Is selling a home as profitable as it seems?

The Q4 earnings statements of U.S. Bancorp and Citigroup reported very different results for their mortgage sectors.

The recent rise in mortgage interest rates has taken a cut from the mortgage banking lines of three of the largest banks, but the news was not all negative.

Bank of America, JPMorgan Chase, PNC, and Wells Fargo posted solid revenues to end 2016, though net income was down for two of them, according to the banks' latest earnings reports. How did mortgage income fare at these institutions?

The banks that released their third quarter earnings reports all saw year-over-year declines in profits, but a couple of them fared better in mortgage banking.

The tumult Wells Fargo experienced in Q3 did little to impact its earnings report for the quarter.