Tag Archives: Profits

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.

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.

With Walter Investment Management Corp.taking a loss during Q1 and both Ocwen Financial Corp. and Nationstar Mortgage Holdings reporting net losses for Q2, all eyes will fall on Walter to see what their Q2 earnings report holds.

The first quarter this year was not kind to non-bank mortgage servicers, earnings-wise and likewise, the industry has seen that the second quarter has not been so great, either.

During the first quarter of 2016 Freddie Mac reported a net loss of $354 million while Fannie Mae reported a net income of $1.1 billion for Q1 and a positive net worth of $2.1 billion.