Items Tagged with 'Jim Smith'

ARTICLES

  • Here's the bright spot in Stonegate Mortgage's tough 1Q

    This helps offset massive MSR loss
    Stonegate Mortgage didn’t get away from the financial impact of the first quarter’s historically low interest rates, which already dented the performance of most other lenders. But the results weren't fully marred by bad news. Here's one area where the lender performed better.
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  • Stonegate Mortgage backs off distributed retail lending

    Plans to optimize the 19 remaining branches
    Executives at Stonegate Mortgage disclosed in the fourth-quarter earnings call the lender’s plans to back off distributed retail lending, a decision that follows similar moves in the industry as of late. Going forward, the lender said it will instead focus on optimizing the remaining distributed retail footprint and increase profitability.
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