Fannie Mae: Collateral Underwriter not disrupting appraisals

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
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Items Tagged with 'Earnings'

ARTICLES

D.R. Horton beats expectations, 1Q revenue jumps 38%

Well-positioned for spring selling season
Brena Swanson
D.R. Horton fared well in the first quarter, with its homebuilding revenue jumping 38% to $2.3 billion, putting it in a strong position to enter the spring selling season.
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Flagstar posts 4Q 2014 net income of $11.1 million

Mortgage servicing business improved
Trey Garrison
Flagstar Bancorp reported fourth quarter 2014 net income of $11.1 million, or $0.07 per diluted share, as compared to a net loss of $27.6 million in the third quarter 2014, or $(0.61) per diluted share, and net income of $161.9 million in the fourth quarter 2013, or $2.77 per diluted share.
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MGIC 4Q net income soars to $74.4M after a net loss last year

Beats on revenue and EPS
Brena Swanson
MGIC’s earnings reversed course after last year’s net loss, reporting fourth-quarter net income of $74.4 million, compared with a net loss of $1.4 million for the same quarter a year ago.
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Here’s where Bank of America stands on mortgages

FBR: BAC is well positioned for 2015
Brena Swanson
Bank of America made the controversial decision last year to not ease mortgage standards despite the giant push from the government for the opposite. And the bank's latest earnings release shows that was a pretty good call.
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Goldman Sachs' revenue drops to $7.69 billion in 4Q

Still beats estimates
Brena Swanson
Goldman Sachs’ fourth-quarter net revenues dropped from a year ago to $7.69 billion. But despite the decline, the bank still beat earning estimates.
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SunTrust 4Q earnings dented by mortgage expenses

Beats on earnings per share
Brena Swanson
SunTrust’s earnings still beat earnings per share forecasts despite a drop in its fourth-quarter earnings from mortgage-related legal expenses.
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Lennar net earnings rise, beat 4Q estimates

Mortgage and title operations boost profitability
Brena Swanson
Lennar reported a rise in net earnings for the fourth quarter despite the housing market’s slow recovery. That slow recovery could pick up speed in the new year, thanks to recent changes in credit availability and affordability.
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Citigroup 4Q net income tumbles to $350M

Income dented by legal fees
Brena Swanson
Citigroup's fourth-quarter earnings were significantly impacted by higher operating expenses. But despite the tough year, Michael Corbat, CEO of Citigroup, said the difficult year helped to pave the way for a strong 2015.
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BofA misses on revenues, posting $18.7B in 4Q

Originated $15B in mortgages in 2014; legacy costs down 38% YOY
Trey Garrison
While the cost of legacy asset services from the Countrywide portfolio were down, losses in consumer real estate service revenue were part of the reason BAC missed on revenues by a large margin. Here are the details.
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D.R. Horton's homebuilding revenue grows 33%

Beats revenue expectations
Brena Swanson
“With the largest market share in company history and 46% more homes closed than any other builder in the most recently reported 12-month period, D.R. Horton has solidified its position to be the nation’s largest builder for the 13th consecutive year in calendar 2014,” said Donald R. Horton, chairman of the board.
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