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Items Tagged with '2014'

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Despite mortgage reductions, Huntington earnings rise

Mortgage-banking income fell $11 million
July 18, 2014
Huntington Bancshares posted a second-quarter net income of $165 million, up $14 million, or 9%, from last year. However, mortgage-banking income fell $11 million, or 33%, reflecting a 49% reduction in originations and secondary marketing revenue.
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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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Future of housing in question amid 2Q14 earnings release

First up, Wells Fargo
July 10, 2014
Friday ushers in the second-quarter earnings season, but the housing industry remains guarded as earnings are estimated to trend down slightly for most U.S. banks.
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CoreLogic: Home prices rise, but pace slows

Weak home sales dent appreciation
June 3, 2014
It’s no surprise that home prices are on the rise; however, it is new that the pace of appreciation is finally starting to slow down.
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FHFA: home prices increase almost 3 years straight

Low inventory pushes prices higher
May 27, 2014
Home prices are about to hit the three-year mark for continuous growth, as low inventory pushes prices higher.
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New home sales reverse course, pick up in April

Good news for spring buying season
May 23, 2014
After new home sales plummeted in March, April's numbers picked back up, posting a seasonal adjusted annual rate of 433,000.
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Fannie Mae: “Housing remains worrisome”

Second quarter looking up despite rough start to year
May 21, 2014
“We believe this year will likely be a bump in the long-term road back toward normal levels, which we continue to expect sometime in late 2016,” said Fannie Mae chief economist Doug Duncan.
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CoreLogic: Market to blame for pushing home prices higher

Spring buying season fails to bear fruit
May 6, 2014
“March data on new and existing home sales was weaker than expected and is a cause for concern as we enter the spring buying season,” said Mark Fleming, chief economist for CoreLogic.
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Outage barely dents Ellie Mae earnings

Earnings match analysts expectations
May 1, 2014
Ellie Mae reported a first-quarter revenue of $32.2 million compared to $30.9 million for the same period a year ago, overcoming the effects of its recent outage at the end of March.
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Old Republic posts quarterly earnings

April 24, 2014
Old Republic's earnings for the first quarter 2014 were boosted by moderately improved performance in general insurance and by the continuation of a strong turnaround in the run-off mortgage guaranty line.
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