Items Tagged with 'first-quarter earnings'

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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

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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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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