Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"

Items Tagged with 'Earnings'


D.R. Horton posts net income of $113.1M

Pre-tax impairment costs drive down D.R. Horton earnings
July 24, 2014
Fort Worth, Texas-based D.R. Horton, the largest U.S. homebuilder, said fiscal third-quarter earnings declined as sales margin shrank and it incurred $54.7 million in pretax costs.
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CoreLogic slashes 2014 mortgage origination estimate by 10%

Still reports revenue growth of 13%
July 23, 2014
CoreLogic’s second-quarter revenue increased to $349.4 million, which was also up 0.4% from 2Q13. The company said that the increase was “despite an estimated 50% contraction in U.S. mortgage volumes.”
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Homebuilders to weigh in on mixed 2Q14 earnings

Projections remain positive so far
July 22, 2014
Moving further into second-quarter earnings season, homebuilders are starting to release how they are measuring up in the housing industry, with D.R. Horton next on the list for Thursday morning.
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Flagstar rebounds, posts income of $25.5M in 2Q14

Income up significantly from net loss of $78.9M in first quarter
July 22, 2014
The company cited improved net interest income and gain on loan sales, increased mortgage rate lock commitments and loan origination volume and a continued focus on expense management as drivers of the income growth.
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Legacy mortgage matters dent SunTrust 2Q14 earnings

Net income hits $387M
July 21, 2014
SunTrust earnings were dented by the sale of RidgeWorth and resolution of certain legacy mortgage matters, which negatively impacted net income in the current quarter by $49 million, or $0.09 per share.
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Key business feature boosts Blackstone's earnings 89%

After several years, company crosses financial threshold
July 17, 2014
"Blackstone’s second quarter results marked one of our best ever in terms of both economic net income and distributable earnings. As more of our assets under management have seasoned, we’ve been increasingly active in harvesting the value we’ve created over several years,” Stephen Schwarzman, chairman and CEO, said.
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Is Morgan Stanley going to remain mortgage free?

Profits driven by investment banking
July 17, 2014
Bloomberg reported in November that the firm would look to reenter the mortgage space, but that is not materializing yet, according to the earnings report.
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Goldman Sachs 2Q14 earnings tick up to $9.13B

Doubles net provisions for litigation and regulatory proceedings
July 15, 2014
Posting solid growth, Goldman Sachs’ second-quarter net revenue increased to $9.13 billion, up from $8.6 billion a year ago, with earnings per share rising to $4.10 from $3.70 for the second quarter of 2013.
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JPMorgan Chase originations tumble 66% from 2013

Posts $6B 2Q net income, beats estimates
July 15, 2014
JPMorgan Chase posted second-quarter net income of $6 billion, compared with net income of $6.5 billion in the second quarter of 2013 as its originations business recorded a steep pullback.
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JPMorgan, Goldman Sachs next on earnings’ horizon

Mega banks lose to smaller lenders
July 14, 2014
Next on the earnings list, Goldman Sachs and JPMorgan Chase, but according to one analyst, the two will post more of the same.
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