The (Goldman) analyst cited: 1) it offers upside to earnings from a rising interest rate environment given its leverage to the long-end of the curve. 2) We see credit losses continuing to improve and provisions moving lower, boosting EPS and 3) loan growth should pick up as CRE continues to show signs of bottoming.
Most Popular Articles
Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed.
In a challenging mortgage industry climate, it’s vital to conserve cash. Here are some strategies to implement.