Items Tagged with 'Housing finance'

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Dave Stevens: The MBA's role in the Trump Administration

And the importance of housing finance
Sitting down with one of its own to get a better understanding of what exactly this election means for housing finance, the Mortgage Bankers Association interviewed its President and CEO Dave Stevens to get his thoughts on the election. One thing became clear, regardless of which side of the aisle people are on, housing finance is a big deal.
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Freddie Mac posts second profitable quarter in a row

Returns a total of $2.3 billion to taxpayers
Freddie Mac managed to report another profitable quarter and posted net income of $2.3 billion for the third quarter of 2016, up from net income of $993 million for the second quarter of 2016. The government-sponsored enterprise also recorded comprehensive income that is more than double what it recorded for the second quarter of 2016.
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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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