Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Items Tagged with 'Earnings'

ARTICLES

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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Toll Brothers' earnings surge 29%

Beats expectations
Brena Swanson
“For the first time in four quarters, our contracts were up in both dollars and units compared with the prior year’s same period,” said Chief Executive Douglas C. Yearley, Jr.
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MGIC writes $3.3B in primary new insurance

Ends October with fewer delinquencies
Brena Swanson
MGIC Investment Corporation wrote $3.3 billion primary new insurance in October, following a strong third-quarter 2014 earnings report.
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Mortgage servicer stocks take huge hit on weak earnings

Nationstar, Walter, Stonegate all down more than 20%
Brena Swanson
Thursday was a rough day on Wall Street for mortgage servicers as Nationstar Mortgage Holdings, Walter Investment Management and Stonegate Mortgage Corporation’s all plunged into the red after releasing their third-quarter earnings Thursday morning.
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Walker & Dunlop officially hits highest loan origination volume ever

Posts total revenues of $98.1 million
Brena Swanson
"This quarter marks the highest loan origination volume in the history of Walker & Dunlop and reflects the dramatic growth and market leadership position we have gained over the past several years," said Walker & Dunlop Chairman and CEO Willy Walker.
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Stonegate mortgage origination volume surges 51%

Misses analyst expectations
Brena Swanson
"We continue to make progress on our strategic initiatives, in spite of the industry headwinds and interest rate volatility,” said Jim Cutillo, CEO of Stonegate Mortgage.
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Annaly posts $355 million profit after two quarters of losses

Company posted losses of $539 million total in 1st and 2nd quarter
Ben Lane
The company reported a net income of $354.86 million in the third quarter, compared to losses of $335.5 million in the second quarter and $203.35 million in the first quarter.
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PennyMac’s mortgage lending business witnesses strong 3Q

Net income rises 8%
Brena Swanson
It was a strong quarter for PennyMac Financial Services, posting strong growth momentum in its mortgage banking businesses, including consumer direct lending, which is making increasing contributions to its production revenue.
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Non-Qualified Mortgage lending boosts Impac's 3Q earnings

Records 98% increase in origination volumes
Brena Swanson
“Early indications are very positive for the growing of our Alt-QM pipeline. We believe this will be further strengthened by the recent commitment by several large retail originators, to roll out these products through year end and during the first quarter of 2015,” said Joseph Tomkinson, chairman and CEO of Impac Mortgage Holdings.
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Zillow posts record 3Q14 revenue of $88.6M, up 66% YOY

Online listings giant boasts record quarterly revenue and traffic
Trey Garrison
Zillow posted third quarter revenue of $88.6 million, up 66% from the third quarter of 2013 after a second quarter that saw a net loss. Zillow also reported record traffic, with 86 million average monthly unique users during the third quarter.
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