This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement

Items Tagged with 'Earnings'


Nationstar posts 2Q net income of $75M

Strong originations provide comeback after first quarter losses
Nationstar Mortgage Holdings reported quarterly net income of $75 million, or $0.69 per share, for the second quarter, compared to net loss of ($48) million, or ($0.53) per share, in the first quarter 2015. Want to know more?
Read More

Radian 2Q15 net income drops to $50M

Despite decline, still beats analyst estimates
Radian Group posted second-quarter net income of $50 million, a drop compared to last year’s second quarter net income of $174.8 million. However, once adjusted, its diluted net operating income per share for the quarter was $0.4, which beat analyst expectations by $0.05.
Read More

Bank of America 2Q net income soars to $5.3 billion

Lower legal expenses, higher mortgage originations drive growth
Bank of America recorded a second-quarter net income of $5.3 billion — more than double that of last year — driven by solid core loan growth, higher mortgage originations and the lowest expenses since 2008.
Read More

Wells Fargo beats by a hair with $5.7B 2Q net income

Mortgage originations rise to $62B; MSR portfolio at $1.7T
Wells Fargo reported net income of $5.7 billion, or $1.03 per diluted common share, for second quarter 2015, compared with $5.7 billion, or $1.01 per share, for second quarter 2014, and $5.8 billion, or $1.04 per share, for first quarter 2015.
Read More

JPMorgan Chase posts $6.3B in net income in 2Q

Beats expectations despite lower mortgage banking revenue
JPMorgan Chase beat analyst expectations in the second quarter, delivering second-quarter earnings of $1.54 per share, up from $1.46 a share in the year-earlier period, despite revenue falling to $24.5 billion from $25.35 billion a year ago.
Read More

Freddie Mac reports profit of $524M in first quarter

Marks fourteenth consecutive quarter of positive earnings
Freddie Mac reported net income of $524 million for the first quarter of 2015, compared to $227 million for the fourth quarter of 2014. The solid quarter is the 14th in the black for the government sponsored enterprise. Here's how it broke down.
Read More