Home Loan Servicing Solutions stock craters after investors get paid

Home Loan Servicing Solutions stock craters after investors get paid

Payout of $1.2 billion headed to stockholders

Homeownership rate falls to lowest since 1993

Economists question whether tumble will continue or has bottomed out

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?
W S

Items Tagged with 'Earnings'

ARTICLES

Flagstar beats 1Q income expectations on strong mortgage volume

Revenue up on improved gain on sale margins
Trey Garrison
Mortgage volume increases for Flagstar, providing a solid tail wind as the company also sees revenue growth after the company reworked its approach to mortgage origination.
Read More

D.R. Horton reports $147.9M net income in 2Q on strong orders

Builder sees 33% surge in orders in first part of 2015
Trey Garrison
The nation's largest homebuilder surprised in its first quarter with gains and now with its second-quarter report it beat analyst expectations and will please its shareholders. Here's what happened.
Read More

SunTrust earnings rise in first quarter

Lower expenses offset lower revenue
Brena Swanson
SunTrust experienced a good start to the year, with its first-quarter profit rising thanks to growth in noninterest income. SunTrust posted a fourth-quarter net income of $378 million, or $0.72 per average common diluted share, which included a $145 million mortgage-related legal provision.
Read More

Citigroup net income jumps $4.45 billion in 1st quarter

Rises from $350 million in 4Q14 to $4.8 billion in 1Q15
Ben Lane
Citigroup reported net income for the first quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.7 billion. The results of the first quarter were a dramatic reversal from 2014’s fourth quarter when Citigroup reported a net income of $350 million, or $0.06 per diluted share, on revenues of $17.8 billion.
Read More

Bank of America feeling pretty positive about mortgages

Earnings shows strength in originations
Brena Swanson
After mixed reviews on Bank of America's first-quarter earnings, the lender's mortgage division is holding on strong. Could the bank finally be ready to step up its game in originations?
Read More

Bank of America 1Q net income rises amid stronger mortgage levels

Beats EPS forecasts
Brena Swanson
Bank of America reported first-quarter net income of $3.4 billion after a net loss of $276 million last year. The surge in growth can be attributed to stronger mortgage origination levels.
Read More

Lennar CEO: "Disappointing" single-family housing starts will rebound soon

Beats earnings predictions, hopeful for spring
Brena Swanson
Homebuilder Lennar Corporation reported results for its first quarter, beating earnings expectations despite difficult weather situations and tough housing markets. And according to the CEO, there is good news for the spring buying season.
Read More

CoreLogic delivers strong 2014 despite 40% decline in mortgage volume

Reports $1.4 billion in revenue, equal to 2013
Ben Lane
Citing continuing growth in its data and analytics division that counteracted a shrinking mortgage market, CoreLogic reported revenues of $1.4 billion for 2014, the same amount the property information, analytics and data-enabled services provider recorded in 2013.
Read More

Toll Brothers' net income jumps 78%

Momentum builds into the spring selling season
Brena Swanson
The luxury homebuilders' 2015 first quarter net income surged to $81.3 million, or $0.44 per share, boosted by an increase in home sales.
Read More

Realogy 4Q revenue rises 3%

Driven by higher homesale transaction volume
Brena Swanson
It was a strong quarter for Realogy Holdings. The company was involved in approximately 27% of U.S. existing homesale transaction volume involving a real estate brokerage firm -- a full percentage point gain in market penetration compared to 2013.
Read More