Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

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Items Tagged with 'Mortgage Banking'

ARTICLES

BOK Financial posts $76M 2Q net income

Mortgage banking revenue reaches $29M
July 30, 2014
"The quarter’s results reflect the earnings power inherent in our diversified business model, as several lines of business grew this quarter, including energy lending, brokerage and trading, and mortgage banking," Steven Bradshaw, president and CEO of BOK Financial, said.
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BofA’s $30B litigation problem is getting worse

Mortgage banking tanks as BAC fails to limit litigation costs
July 16, 2014
Bank of America’s mortgage-related litigation costs are something the banking giant wants to put behind it, but good luck with that, because it’s only going to get worse before it gets better.
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Bank of America beats estimates with $12.96B in revenue

Mortgage banking drives down income, drives up litigation expenses
July 16, 2014
Mortgage banking activity declines and mortgage-related litigation expenses drag on BAC but the banking giant beats expectations in the second quarter despite big losses.
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PennyMac posts profit, driven by gains in mortgage servicing

Divides mortgage banking into two segments
May 7, 2014
PennyMac Financial Services reported net income of $43.5 million for the first quarter of 2014, on revenue of $105.5 million. The biggest gain is from the loan servicing pretax income, which totaled $17.1 million in the first quarter, an increase of 94% from the prior quarter.
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Here are 6 threats to Fifth Third's mortgage banking operations

Could this happen where you work?
February 24, 2014

These risks are real. For example, even if interest rates were to fall, mortgage originations may also fall. Any increase in mortgage originations may not be enough to offset the decrease in the MSRs value caused by the lower rates, the bank states.


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Wells Fargo sees record profit in Q3

Weakening mortgage business doesn't hit bottom line -- yet
October 11, 2013
A weakening mortgage business didn't slow down Wells Fargo & Co. during the third quarter, with the banking and mortgage lending giant reporting record net income of $5.6 billion, or 99 cents per share.
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Southern community banks perform well, despite lingering risks

Competition weighs on banks that picked up mortgage lending activity
September 25, 2013
Home values and housing activity picked up across Southern communities, benefiting community banks in the region. But these trends are in large part due to the area's vibrant oil and gas industry and other economic indicators, the Office of the Comptroller of the Currency claimed in a new report.
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EverBank exits wholesale, will focus on other lending channels

July 30, 2013
EverBank announced it is ending its wholesale broker home lending business.
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WSFS Financial Corp. purchases mortgage, title companies

July 29, 2013
WSFS Financial Corp. purchased the assets and operations of mortgage banking company Array Financial Group.
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Multifamily is the solution for investors, Gen Y

July 25, 2013
No matter how you slice it; people will always need a place to live. As the nation pulls through the tail end of a huge housing dislocation, many are faced with...
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