Items Tagged with 'Housing finance'


loanDepot expansion plans now include home equity loans

What's next for the major mortgage lender?
loanDepot is once again making waves in the industry. After breaking the news that it was moving into personal loans earlier this year, this latest move from the nonbank creates an even larger and more diversified suite of products for the company.
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MGIC: Mortgage delinquencies slowly trend lower

July writes $4.5 billion in primary new insurance
Primary new insurance for July remained level at $4.5 billion. July started with 66,357 loans in its primary delinquent inventory, and while small, the downward trend in delinquencies at the end of the month did continue.
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Higher rates boost Annaly’s earnings

Huge gain compared to losses last quarter
Annaly Capital Management posted a second-quarter GAAP net income of $900.1 million, or $0.93 per average common share. Annaly’s CEO noted that this is a strong reminder of the positive impacts higher rates can have on earnings.
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SunTrust 2Q revenue beats estimates

Mortgage production-related income hits $76M
SunTrust Banks' total revenue hit $2.1 billion for the current quarter, an increase of $85 million compared to the prior quarter, primarily driven by higher net interest income and broad-based growth in noninterest income.
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