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Items Tagged with 'first-quarter earnings'

ARTICLES

Lennar explores other housing options as market constricts

Mortgage standards keep first-time shoppers on sidelines
Brena Swanson
Lennar is starting to mull over other housing ideas due to a drought in first-time homebuyers.
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Walter Investment's EPS of $1.53 beats estimates by $0.55

Misses on revenue, but servicing sector sees growth of 35%
Sarah Wheeler
Core earnings for the first quarter were $58.0 million after taxes, or $1.53 per diluted share, compared to the prior year quarter's core earnings of $58.9 million, or $1.57 per diluted share.
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Impac Mortgage reports net loss of $3 million for 1Q 2014

Sharp decline in overall mortgage volume but correspondent channel up
Sarah Wheeler

Originations decreased 48% from the first quarter of 2013, down to $353.1 million. Impac attributes most of that to the sale of their brick and mortar branches at the end of last year, which accounts for $180 million of the decline.


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Zillow revenue up 70%, beats estimates by $2.99 million

Traffic breaks records with 79 million unique users
Brena Swanson
Zillow first-quarter earnings reflect the strong year it had traffic-wise, breaking records in both March and April. The company's first-quarter revenue hit $66.2 million, up 70% from $39 million for the same period a year ago.
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Ellie Mae revises operating expenses due to outage

Expenses range from $3 million to $4 million
Brena Swanson
After Ellie Mae’s loan origination system shut down for users at the end of March, the company had to revise its operating expenses to handle the added bump in capital spending.
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Nonbank stocks fall on news of Ocwen earnings miss

Regulatory costs affecting sector
Sarah Wheeler
The stocks of nonbank mortgage servicers Nationstar and Walter Investment are feeling the pain of Ocwen's earnings miss.
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Fidelity CEO: Black Knight had strong first quarter

LPS acquisition goes smoothly
Sarah Wheeler
Fidelity National reported first-quarter earnings of $0.30 per share, beating estimates by $0.12, and total revenue was $2.1 billion versus $2.0 billion in the first quarter of 2013.
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BOK Financial 1Q mortgage banking revenue increases

Brena Swanson
BOK Financial managed to still report an increase in its mortgage banking revenue despite a tightening lending environment.
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HomeStreet predicts return to mortgage profitability

1Q net income rises to $2.3 million
Despite the company being challenged by lower-than-anticipated loan volume, it anticipates a return to mortgage origination profitability in the second quarter and beyond after recording a first-quarter 2014 net income of $2.3 million.
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PulteGroup misses Q1 expectations with $75 million net income

But gross margin and average selling price up
Sarah Wheeler
PulteGroup reported first-quarter net income of $0.19 per share, missing estimates of $0.21 per share.
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