Items Tagged with 'Profit'

ARTICLES

  • Black Knight nets $111M in profit on new tax code

    "Another successful year for Black Knight"
    Mortgage analytics and software provider Black Knight announced its results for both the fourth quarter of 2017 and for the full year. The company reports revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter.
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  • Fannie Mae CEO: G-fee pricing is in the "right zone"

    No one is complaining about the free stuff, either
    One of the larger shifts this quarter, although profits remain flat, is earnings from guarantee-fees now outpace portfolio investments. In other words, Fannie Mae is now making more money off of business it is doing rather than business it once did.
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  • U.S. banks turn in most profitable quarter in history

    CNBC report shows it's never been better to be in the banking business
    It’s apparently never been a more profitable time to be a bank, according to a report from CNBC, which noted that the second quarter of 2016 was U.S. banks’ most profitable quarter of all time.
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  • JPMorgan Chase beats expectations for Q2 earnings

    Strength in mortgages and real estate cited for growth
    "JPMorgan Chase continued to perform well in all of our major businesses,” said Jamie Dimon, JPMorgan Chase chairman and CEO. “We saw strong underlying performance with record consumer deposits, up 10%, credit card sales volume, up 8%, merchant processing volume, up 13% and broad core loan growth, up 16%, particularly in mortgage and commercial real estate.”
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  • The silver lining to low mortgage rates for banks

    2 areas they can still make profits
    As borrowers continue to widely benefit from low interest rates, the same can't be said for banks, with lenders searching for ways to earn money. The good news is there are two different ways banks can still make a profit in today’s tighter market.
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  • Mortgage profit tanked in 2013

    Per-loan production expenses skyrocket in second half
    In just a year, the average profit of each loan originated by mortgage banks was sliced in half, but the year didn't start off this way. What happened?
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