Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
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Items Tagged with 'Net income'

ARTICLES

Goldman Sachs records strong 3Q earnings

Net income rises 48%
Brena Swanson
Goldman Sachs Group was next on the earnings calendar, with its third-quarter net income surging 48% and posting the first revenue gain in over a year.
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Citigroup 3Q revenue jumps to $19.6B

Beats analyst expectations
Brena Swanson
Citigroup reported an increase in its third-quarter earnings, with its revenue beating analyst expectations and rising to $19.6 billion.
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Is Wells Fargo looking at another banner year?

3Q residential mortgage growth on track
Jacob Gaffney
Last year, Wells Fargo originated and serviced the most residential mortgages in the United States. The big bank has dominated the residential space for years now. But how long can its dominance last?
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Despite mortgage reductions, Huntington earnings rise

Mortgage-banking income fell $11 million
Brena Swanson
Huntington Bancshares posted a second-quarter net income of $165 million, up $14 million, or 9%, from last year. However, mortgage-banking income fell $11 million, or 33%, reflecting a 49% reduction in originations and secondary marketing revenue.
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Stonegate Mortgage misses expectations but retail originations nearly double in Q1

Retail originations increased from $131.9 million to $260.9 million
Ben Lane
"Despite contracting industry volumes in the first quarter, we were pleased with our continued growth in originations and lock volumes," said Jim Cutillo, Stonegate’s chief executive officer.
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Despite 1Q earnings falling, Goldman Sachs beats estimates

Brena Swanson
Goldman Sachs reported that its first-quarter net income decreased 10%, posting a net income of $2.03 billion.
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U.S. Bancorp's mortgage revenue sliced nearly in half

Earnings hampered by mortgage fluctuations
Brena Swanson
Despite recording signs of strong new lending activity, the slight uptick in mortgages still came up short in U.S. Bancorp’s first quarter earnings, offsetting any potential growth as mortgage banking revenue tumbled.
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Wells Fargo first quarter mortgage originations way down

Making money on MSRs
Jacob Gaffney
During the first quarter, residential mortgage originations were $36 billion, down from $50 billion in fourth quarter 2013 while the gain on sale margin was 1.61%, compared with 1.77% in the fourth quarter.
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Realogy Holdings closes 2013 with strong earnings

Company profits boosted from adding franchises, closing acquisitions
Brena Swanson
Realogy Holdings witnessed a strong year in 2013 as it recorded net revenue for full year 2013 of $5.3 billion, a 13% increase compared to 2012. And that was not the only area that posted growth.
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Stonegate Mortgage originations increase 152%

Lender navigates tough year with strategic acquisitions
Brena Swanson

Stonegate Mortgage not only overcame the challenging market conditions during the second half of 2013 but also posted a strong increase in originations and its servicing portfolio due to several strategic acquisitions.


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