Items Tagged with 'Guidance'

ARTICLES

  • HUD Issues RESPA Guidance on LO Compensation

    With the deadline for implementation of the Federal Reserve's LO Compensation rule looming on April 1, 2011, there is likely to be a flurry of activity as industry participants and groups continue to prepare for the launch, while also continuing to push for a delay.  HUD joined the mix by releasing guidance on the new rule as it relates to RESPA regulations, primarily addressing GFE compliance.   In their "RESPA ROUNDUP" publication, HUD seeks to clarify proper disclosures required by RESPA rules in accordance with the new rules on LO compensation and the GFE and HUD-1 settlement statement.  The
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  • Fidelity National Affirms 2007 Earnings Target

    Given the uncertainty facing many mortgage-related businesses this earnings season, Fidelity National Information Services, Inc. on Monday affirmed its full-year outlook for 2007 earnings. "Consistent with its previous guidance issued October 24, 2007, FIS anticipates full year 2007 adjusted net earnings of approximately $1.90 per diluted share, and adjusted cash earnings of approximately $2.44 per diluted share," the company said in a press statement.
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  • Capital One Cuts Fourth Quarter Outlook; GreenPoint an Earnings Drag

    Capital One Financial said today that mortgage-related charges will push the largest independent credit card issuer in the U.S. below its original earnings outlook. The company said it expects to report fourth quarter earnings of $0.60 per share and full year earnings of $3.97 per share -- a drop of nearly 20 percent from earlier guidance of $5.00 per share.
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  • PMI Warns on Expected Q3 Losses, Withdraws Financial Guidance

    The PMI Group, Inc. said today that it expects to report a loss of $1.05 per share due to "continued weak housing and mortgage markets and associated dislocation in the credit derivative markets." The loss turned analyst expectations onto its head, with Reuters reporting that mean analyst expectations had pegged third quarter numbers at a $0.75 per share profit.
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  • American Mortgage Acceptance Cuts 2006 Earnings Guidance By 65 Percent

    American Mortgage Acceptance Company (AMEX:AMC), a real estate investment trust that specializes in multifamily and commercial real estate finance, said late Friday that it had revised its adjusted funds from operations per share guidance for 2006 to a range of $1.08 to $1.13. The company had previously issued AFFO per share guidance in a range of $3.00 to $3.20, and will report 2006 earnings on March 20.
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