“It seems pretty likely that home seller profits peaked for this cycle in 2022,” said Rick Sharga, EVP of Market Intelligence at ATTOM.
Read More »Home Sellers Report Drop in Profits During Q3
"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.
Read More »Average Home Profit Sinks to $103K
Home sellers were earning a 4.4 percentage point profit on their sales in Q1, marking the largest drop since 2011.
Read More »Comparing Home Seller Profits With Median Down Payments
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?
Read More »A Tale of Two Earnings Reports
The Q4 earnings statements of U.S. Bancorp and Citigroup reported very different results for their mortgage sectors.
Read More »Finding the Silver Lining for Banks
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.
Read More »A Mixed Bag of Profitability and Mortgage Income
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?
Read More »Banks See Profits Take a Downward Turn
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.
Read More »Wells Fargo: Q3 Earnings Calm in the Midst of the Storm
The tumult Wells Fargo experienced in Q3 did little to impact its earnings report for the quarter.
Read More »Non-Bank Servicers Fall Short For Q2
Continuing an unfortunate trend for non-bank mortgage servicers in the second quarter of 2016, Walter Investment Management reported a net loss for the three-month period ending June 30, 2016.
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