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Flagstar

Flagstar recovers a small portion of its loan to Live Well

Flagstar Bank expects to recover $1 million of its loan to defunct reverse mortgage lender Live Well Financial following the sale of the...
Bank profits plunge in Denmark as negative rates take toll

Bank profits plunge in Denmark as negative rates take toll

Banks in Denmark have seen their aggregate profits sink this year, according to calculations by the industry's main lobby group, which has repeatedly...
Wells Fargo again lowers a key earnings target

Wells Fargo again lowers a key earnings target

Wells Fargo lowered a key profitability target on Monday for the third time in five months, pointing to both the impact that lower...
Production profits

Mortgage bankers’ production profits skyrocket as expenses plummet

Independent mortgage bankers reported their highest average profit per loan originated in almost three years, benefiting from a large drop in production expenses,...
GSE capital

Reform plan shouldn’t lead to GSE ratings cut in the near term: Fitch

Fannie Mae and Freddie Mac's corporate debt ratings shouldn't be downgraded in the near term as a result of the Treasury Department's to-be-released...
Impac

Lower mortgage rates, higher gain-on-sale drives Impac’s profits

Lower interest rates and improved gain-on-sale margins helped Impac Mortgage Holdings record its first profitable three-month period since the first quarter of 2018.Impac...
Zillow tumbles as analysts cut targets due to persisting challenges

Zillow tumbles as analysts cut targets due to persisting challenges

Zillow Group Inc. shares were poised to fall to a six-week low after its results and updated forecasts suggested its entire "portfolio is...
Black Knight

Black Knight’s earnings down on hit from Dun & Bradstreet investment

Black Knight's second-quarter earnings dropped 20% from the previous year as it took a hit from its indirect investment in Dun & Bradstreet,...
Ocwen

Ocwen extends profitability timetable as mortgage rate drop steepens

Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability."To...
Essent

Essent solidifies gain from mortgage insurers’ black box pricing shift

Essent Group continued to benefit from the volatility among private mortgage insurers' market share, remaining in second place at the end of the...

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