Items Tagged with 'Revenue'

ARTICLES

  • Plummeting Ellie Mae stock signals slow-down ahead?

    Company revises year’s revenue expectations
    While Ellie Mae posted positive third-quarter earnings results, it was significantly lower than Wall Street’s expectations, and could even signal a slow-down ahead. The company’s revenue increased 15% in the third quarter to $123 million – below the expected $128 million.
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  • JPMorgan Chase earnings increase, but reveal slowdown in mortgage sector

    Earnings down slightly from Q2 but much higher than 2017
    In the third quarter of 2018, JPMorgan Chase saw a decrease in its earnings from the previous quarter, but still managed to increase from the previous year despite a lackluster mortgage banking sector. JPMorgan Chairman and CEO Jamie Dimon said increasing economic and geopolitical uncertainties could have negative effects on the economy's future.
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  • Ocwen reports 'higher-than-hoped' $30 million loss

    But that’s still better than 2017
    Ocwen Financial continues to lose money, posting yet another loss, however, the company pointed out that the losses continue to grow smaller. Much of the company’s losses can be contributed to ongoing court fees and legal battles, which it continues to face in states across the U.S., and an ongoing restructuring effort.
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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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  • JPMorgan earnings increase despite drag from mortgage lending

    Earnings down slightly from Q1 but still up from 2017
    In the second quarter of 2018, JPMorgan Chase saw a decrease in its earnings from the previous quarter, but still managed to increase from the previous year despite a drag from its mortgage banking sector. JPMorgan Chairman and CEO Jamie Dimon says consumer and business sentiment led to good economic growth.
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  • Fake accounts scandal still curbing Wells Fargo earnings

    Mortgage banking revenue falls in Q2
    Wells Fargo’s latest earnings report shows the bank continues to struggle with its fake accounts scandal, which began back in 2016. And not only did the bank report a lower net income, but the latest earnings report shows it also continues to struggle with mortgage banking revenue, even as originations increase.
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  • Fannie Mae reports comprehensive income of $3.9 billion

    Returns just $938 million to Treasury
    Fannie Mae reported an increase in its net income in the first quarter of 2018, rising from the loss last quarter that was driven by a remeasurement in the company's deferred tax assets from the recently passed tax reform legislation. Now, it is preparing to pay out $938 million to the Treasury.
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  • Is Bank of America taking its focus off mortgage lending?

    And who’s servicing its mortgages?
    Could Bank of America be taking a step back from its mortgage lending platform? Its new earnings report from the first quarter may hold the answer. A few years ago, the bank could easily report $1 billion per quarter in its mortgage banking income. However, in the first quarter of 2018, the income from this sector was so small that it was simply lumped into the section for all other income.
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