Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S

Items Tagged with 'Earnings'

ARTICLES

Citi 3Q earnings revised down

Adds in $600M increase in legal costs
Brena Swanson
Citigroup lowered its third-quarter net income due to a $600 million increase in legal accruals.
Read More

Trulia’s 3Q revenue surges as unique visitors soar 89%

The search for real estate starts online
Brena Swanson
Trulia’s total revenue for the third quarter of 2014 was $67.1 million, up 67% year-over-year. Total subscribers as of Sept. 30 were approximately 77,900, an increase from approximately 74,000 as of June 30.
Read More

Mortgage revenue decline dents BOK Financial earnings

Mortgage banking revenue totals $27M
Brena Swanson
Although BOK Financial posted a second-quarter net income of $75.6 million, or $1.09 per diluted share for the third-quarter of 2014, its mortgage banking division didn’t do as well.
Read More

PulteGroup 3Q net income drops to $141M

“We are encouraged by proposed changes at FHFA”
Brena Swanson
"By remaining disciplined in our construction and land investment practices, we continue to improve our returns on invested capital while positioning the Company to take advantage of market opportunities,” said Richard Dugas, Jr., chairman, president and CEO of PulteGroup.
Read More

CoreLogic revenue rises $18.1 million in 3rd quarter

Marks second quarter of increasing revenue
Ben Lane
Citing growth in its data and analytics division and a shifting business plan, CoreLogic reported an increase in revenue from $349.4 million in the second quarter to $367.5 million in the third quarter.
Read More

S&P: Nonbank earnings will be weak

Too little demand
Brena Swanson
"We believe industry earnings are likely to remain weak unless supply contracts substantially as some of the originators that expanded during the boom exit the market, or unless industry credit standards ease materially, enabling more borrowers to obtain mortgages," said Standard & Poor's credit analyst Stephen Lynch.
Read More

SunTrust’s earnings more than triple

Revenue, loan portfolio grow
Brena Swanson
SunTrust Banks’ third-quarter profit more than tripled as its revenue and loan portfolio grew, beating analyst estimates.
Read More

Morgan Stanley profits surge 83%

Beats analyst estimates
Brena Swanson
Morgan Stanley’s third-quarter profits surged 83% driven by broad-based strength across trading, investment banking and wealth management.
Read More

Blackstone third-quarter profit misses

But still sees opportunity
Brena Swanson
"With one of the largest pools of available dry powder capital and the broadest alternative investment platform, we are well-positioned to capitalize on the dislocation in asset values created by greater market volatility," Blackstone co-Founder and CEO Stephen Schwarzman said.
Read More

Goldman Sachs records strong 3Q earnings

Net income rises 48%
Brena Swanson
Goldman Sachs Group was next on the earnings calendar, with its third-quarter net income surging 48% and posting the first revenue gain in over a year.
Read More