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Items Tagged with 'Fourth-quarter earnings'


Ambac earnings drop to $68.6 million

Market challenges disrupt earnings
March 3, 2014
Ambac Financial Group’s net income fell in the fourth quarter 2013 to $68.6 million, or $1.49 per share, from $143.6 million, or 47 cents per share, in 2012, as earnings were impacted by current market challenges.
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Realogy Holdings closes 2013 with strong earnings

Company profits boosted from adding franchises, closing acquisitions
February 25, 2014
Realogy Holdings witnessed a strong year in 2013 as it recorded net revenue for full year 2013 of $5.3 billion, a 13% increase compared to 2012. And that was not the only area that posted growth.
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Stonegate Mortgage originations increase 152%

Lender navigates tough year with strategic acquisitions
February 24, 2014

Stonegate Mortgage not only overcame the challenging market conditions during the second half of 2013 but also posted a strong increase in originations and its servicing portfolio due to several strategic acquisitions.

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Originations save Blackstone Mortgage Trust 4Q earnings

Total loan origination portfolio reaches $2 billion
February 18, 2014
New York based Blackstone Mortgage Trust recorded a net income for the full year of $15 million, or 81 cents per share, driven by significant growth in the loan origination portfolio.
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First American Financial revenue falls to $1.2 billion

Refinance activity, closed title orders drop to lowest year level
February 13, 2014
First American Financial Corporation’s total revenue for the fourth quarter of 2013 hit $1.2 billion, a decline of 4% compared to a year prior as it deals with a drop-off in refinance activity and closed title orders falling to the lowest level of the year.
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Stewart earnings down amid mortgage services transformation

Company bottomline not reflective of new contract closings
February 13, 2014
The company entered into new contracts during the third and fourth quarters of 2013, and once fully implemented, those will result in additional revenues in the first half of 2014.
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Ally earnings tumble amid mortgage settlement costs

Officially finished with mortgages
February 6, 2014
Ally Financial officially exited the mortgage business by the end of 2013 but not without incurring significant losses. Ally recorded a net income of $104 million for the fourth quarter of 2013, a giant drop down from a net income of $1.4 billion for the fourth quarter of 2012.
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Credit Suisse earnings slightly miss estimations

Mortgage litigation costs hurt profits
February 6, 2014

Credit Suisse Group posted a fourth-quarter net income of $295 million, slightly up from $291 million in 2012. However, this is still down from forecasts due to hefty mortgage litigation costs.

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Radian 4Q earnings hit $36.4 million

Return to profit soars past analyst expectations
February 5, 2014
After four straight losses, Radian recorded a fourth-quarter net income of $36.4 million, or 19 cents per share, compared to a net loss of $177.3 million, or $1.34 per diluted share, a year ago, beating analysts estimations by 19 cents.
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Monday Morning Cup of Coffee: Deutsche Bank posts $1.6B loss

Bank the latest to suffer from mortgage-related litigation
January 20, 2014
Deutsche Bank made a surprise announcement Sunday night, reporting a fourth-quarter loss of €1.2B ($1.6B), when analysts were expecting a profit of almost €600 million ($800 million).
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