For the most part, the nation's largest bank holding companies saw substantial profit declines in Q1. Starting next week, the industry will find out if the banks fared any better in Q2.
Read More »Fannie Mae Avoids Freddie Mac’s Q1 Fate
The Q1 financial results for Fannie Mae contained much better news than the report of its fellow GSE, Freddie Mac, earlier this week.
Read More »Nationstar Can’t Sustain 2015 Profitability in Q1
Nationstar was the only one of the three largest non-bank servicers rated by Moody's to turn a profit in 2015, but the Dallas-based servicer couldn't keep it up in the first quarter of 2016. What caused the net loss for Nationstar, and which segments of the company performed well in Q1?
Read More »The Week Ahead: The GSEs and Their Dwindling Capital Buffer
The industry has been buzzing about the GSEs' lack of capital ever since FHFA Mel Watt identified it as a risk that is likely to escalate as long as the GSEs remain in conservatorship. What will the Q1 earnings reports for Fannie Mae and Freddie Mac bring?
Read More »Ocwen Stung by First Quarter Loss
The first quarter of 2016 has not been kind to the profits of banks. If Ocwen's Q1 earnings report is any indication, it was not such a great quarter for non-bank servicers, either.
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 »The Rocky Road for Non-Bank Servicers
Out of the three largest non-bank mortgage servicers rated by Moody's, Nationstar Mortgage did something in 2015 that the other two, Ocwen Financial and Walter Investment Management, were not able to do. What did Nationstar do?
Read More »U.S. Bancorp Escapes Most Banks’ Q1 Fate
Most banks and other financial firms reported dismal first quarters compared to a year ago. U.S. Bancorp was different, however.
Read More »Headwinds Devastate Goldman Sachs’ Q1 Profits
Like nearly every financial firm that reported earnings for Q1, Goldman Sachs' profits took a major hit. What drove the decline?
Read More »Morgan Stanley Joins Earnings Slide Parade
Morgan Stanley became the latest financial firm to see its profits drop off in the first quarter. What drove the decline?
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