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.
Read More »The Week Ahead: What Does Q2 Hold For Walter Investment?
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.
Read More »Despite Q2 Net Loss Nationstar Remains Positive
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.
Read More »The Week Ahead: Sizing Up the GSEs’ Financial State
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.
Read More »Ocwen Remains Positive Despite Another Quarterly Loss
Legal expenses as a result of the Fisher cases make an impact on Ocwen's second quarter earnings.
Read More »Morgan Stanley Bounces Back From Rocky Q1
Following a difficult first quarter, Morgan Stanley welcomed the news that the investment banking firm’s net income rose substantially and beat expectations.
Read More »The Ups and Downs of Goldman Sachs Two Quarters
The first and second quarters of 2016 told different stories for Goldman Sachs with regards to earnings and overall business operations.
Read More »Bank of America’s Q2 Profits Miss the Mark
Bank of America showed a drop in mortgage income as well as a substantial drop in overall profits despite mortgage production increasing in Q2.
Read More »Banks Report Solid Mortgage Activity in Q2
As demand for mortgage loans rises and underwriting standards slowly ease, many banks reported increasing mortgage activity in their Q2 earnings reports.
Read More »Chase’s Mortgage Banking Revenue Climbs After Changes
Chase has made some significant changes to its mortgage banking division in the last few months, and those changes seem to be paying dividends.
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