Items Tagged with 'Earnings'


  • Freddie Mac reports $1.5 billion of net income in Q2, down from $2.5 billion a year ago

    The GSE expects to pay $1.8 billion to Treasury in dividend "sweep"
    Freddie Mac reported net income of $1.5 billion in the second quarter, down from $2.5 billion in the year-ago quarter. The government-sponsored enterprise said it expects to submit $1.8 billion to the U.S. Treasury by September, a payment known as a “profit sweep,” bringing its total payments to $119.7 billion, exceeding its original draw by about $48.1 billion.
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  • Freddie Mac reports net income of $8.6 billion in 2018

    Interest rate and spread volatility created $0.5 billion market-related losses
    After taking out market-related losses due to rising interest rates, Freddie Mac reported an income of $1.5 billion in the fourth quarter of 2018. For the full year, Freddie Mac reported $8.6 billion of comprehensive income, an increase of 55% from the year before.
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  • Wells Fargo settlements don’t affect its bottom line – earnings increased in 2018

    But mortgage income plummets in Q4
    Last year lenders struggled under increasing competition and some were even forced to sell or merge with other companies – but Wells Fargo saw an increase in its full year net income. But while its net income might have increased, the bank is not immune to market swings, and its mortgage banking income plummeted.
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  • It’s official: Mr. Cooper to acquire Pacific Union Financial

    Plans expansion into wholesale, correspondent lending
    In conjunction with its earnings release on Thursday morning, Mr. Cooper Group announced it would acquire mortgage company Pacific Union Financial. The company announced the acquisition will increase its servicing holdings by about $25 billion, and its originations by $10 billion annually.
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  • Fannie Mae multifamily earnings increase in stable market

    More than 90% of financing directed to low-income housing
    Fannie Mae announced its third-quarter financial earnings on Friday, showing its multifamily sector posted solid gains. The company explained this increase was due to a rise in guarantee fee revenue as the multifamily guaranty book grew during the quarter, and about 90% of its multifamily financing created affordable housing for low-income families.
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  • Freddie Mac reports income of $2.6 billion in Q3

    Expected to pay $2.6 billion to Treasury
    Freddie Mac reported Wednesday it posted a comprehensive income of $2.6 billion in the third quarter of 2018. However, the company reported its single-family origination volumes decreased by 6%. FTN Financial Group analyst Jim Vogel highlights that the current system has become dependent on outside capital.
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  • Freddie Mac reports income of $2.4 billion in Q2

    Set to return another $1.6 billion to Treasury
    Freddie Mac reported Tuesday it posted a comprehensive income of $2.4 billion in the second quarter of 2018. The company explained the reason for its strong second quarter results, including a nearly 30% increase in mortgage originations from the second quarter last year.
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  • Mortgage insurance companies report surge in Q2 earnings

    Recent changes seem to work well for business
    Mortgage insurance companies have had a busy year with many unprecedented changes, and the most recent earnings report shows those changes are paying off. This year, MI companies upped their game, growing more competitive against the FHA and one company even saw a record high in new insurance written.
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  • CoreLogic acquisition spree pushes earnings higher in Q2

    Sees profitable quarter despite drop in mortgage activity
    Recently, CoreLogic, a property information, analytics and data-enabled services provider, has been on a roll when it comes to acquisitions; for this reason, it comes as no surprise the company reported an increase in earnings in the second quarter of 2018.
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