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Items Tagged with 'Earnings'

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Re/Max Holdings 2Q earnings beat expectations

Grows pool of real estate agents
Brena Swanson
Re/Max Holdings recorded better-than-expected second-quarter revenue as it continued to grow its pool of real estate agents. The real estate company reported a profit of $4.4 million, or $0.36 a share.
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Ocwen to restate 2Q14 earnings

There may be a "material weakness"
Brena Swanson
Ocwen Financial Services Corp. said it would restate earnings because of accounting problems, after its auditor found what may be "a material weakness'' in the way it recorded the value of certain debt.
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Redfin: Finding balance in mortgage credit standards

Not too tight or too loose
Brena Swanson
Before the financial crisis, the average FICO score hovered near 708. During the crisis, in 2007, the average came in around 693. Now in 2014, the average FICO is much higher, posting an average of 744 for Fannie and 742 from Freddie. So what is the perfect balance?
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Despite loss, Walter Investment originations segment improves

Post 2Q net loss of $12.9 million
Brena Swanson
Walter Investment Management posted a second-quarter net loss of $12.9 million, or $0.34 per diluted share, which includes charges related to goodwill impairment in the reverse mortgage segment.
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Fannie Mae earnings drop in second quarter

Reports $3.7B second-quarter net income
Brena Swanson
Fannie Mae recorded a net income of $3.7 billion for the second quarter of 2014. The decline from the prior quarter is primarily due to a decline in the amount of income recognized by the company from settlement agreements related to private-label mortgage-related securities.
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Here's the key to Impac's strong second quarter

Wholesale and correspondent originations increase 38%
Brena Swanson
Impac Mortgage Holdings reported second-quarter net earnings of $82 thousand or $0.01 per diluted common share after reporting a net loss last quarter, and it was one key element that helped drive lending volume forward.
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The vindication of Nationstar Mortgage

Solutionstar to become "TurboTax of real estate"
Jacob Gaffney
Our exclusive chat with Nationstar CEO Jay Bray follows up on his March profile in HousingWire magazine, where he explained the structure of the company and how it could reorganize to meet the challenges of the mortgage markets. The company's 2Q results prove Bray was right all along.
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Realogy 2Q14 net revenue hits $1.5B

Beats analyst expectations
Brena Swanson
Realogy reported second-quarter net income of $68 million and basic earnings per share for the quarter of $0.47, beating estimates by $0.03 and outperforming the high end of its previously announced guidance range.
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Trulia posts 2Q14 net loss of $2.4M on rising revenues of $64.1M

Acquisition target posts dramatic web traffic gains
Trey Garrison
Trulia reported total revenue of $64.1 million, up 116% year-over-year, with a net loss of $17.9 million, compared with a net loss of $2.4 million for the second quarter of 2013.
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Black Knight boosts Fidelity 2Q14 earnings

Total revenue hits $1.7 billion
Brena Swanson
"We remain excited about the recurring nature of the revenue, the market positioning of our product offerings, the significant organic revenue growth opportunities and the strong EBITDA margins that Black Knight brings to FNF," said Chairman William Foley.
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