Items Tagged with 'first quarter'


  • Freddie Mac Q1 earnings increase driven by tax reform

    Will not make payment to Treasury
    While tax reform may have forced the GSE to make a draw from the Treasury during the fourth quarter, this quarter, the tables have changed. Freddie Mac announced the changes to the tax law helped drive its first-quarter growth. But it’s still not making a payment to the Treasury. Here’s why.
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  • PennyMac pretax income drops 61%

    CEO: Mortgage banking sensitive to interest rate changes
    PennyMac’s pretax income dropped significantly. However, the company CEO explains the reasons and says the company continues to see solid growth trends. Originations and unpaid principal balance both saw significant increases from last quarter.
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  • MGIC revenue decreases during 1Q

    Force-placed insurance is up though
    Despite gains in the fourth quarter of 2015 compared to that same period one year ago, MGIC saw losses in the first quarter of 2016. These losses are due, in part, to lower investment gains, loss from paying off debt and higher payment for income taxes.
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  • Future remains bright for Redwood Trust

    “Redwood continues to be one of the only ways to play a return of private capital in the mortgage market, and we see significant upside to both earnings and dividends in the years to come even is the timeline is extended out,” a FBR report stated.
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  • Stewart Information Services 1Q earnings suffer from mortgage reductions

    Posts net loss of $12.1 million
    "The first quarter of 2014 was a challenge for Stewart. While we made progress on our strategic initiatives, operations suffered from mortgage originations falling to their lowest level in 17 years as lenders coped with harsh winter weather conditions, the implementation of new qualified mortgage regulations, and rising interest rates,” said Matthew Morris, Stewart CEO.
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