TRID is a real obstacle to mortgage process

Fed adopts new rule limiting 'too big to fail' bailouts

New emergency lending policy targets 'broad-based' issues, not specific firms

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Items Tagged with 'Fourth-quarter earnings'


Ambac earnings drop to $68.6 million

Market challenges disrupt earnings
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
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

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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First American Financial revenue falls to $1.2 billion

Refinance activity, closed title orders drop to lowest year level
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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Ally earnings tumble amid mortgage settlement costs

Officially finished with mortgages
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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Radian 4Q earnings hit $36.4 million

Return to profit soars past analyst expectations
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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