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Watchlist loans spike at Eagle in Maryland

Watchlist loans spike at Eagle in Maryland

Eagle Bancorp in Bethesda, Md., has disclosed a big increase in the amount of loans meriting more attention from management.The $9 billion-asset company...
Impac

Strong mortgage originations help Impac sustain its profitability

Impac Mortgage Holdings generated $1.4 million in net income during the third quarter in earnings that were favorable compared to a string of...
NIW share

Record business for the newest mortgage insurers in the third quarter

The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing...
Zillow Offers drives revenue beat, but mortgage segment loses money

Zillow Offers drives revenue beat, but mortgage segment loses money

Zillow Group reported third-quarter revenue that beat estimates as growing sales in its online marketing and home-flipping businesses sent shares higher in late...
Operating income

Black Knight and PennyMac sue each other over mortgage technology

Black Knight and former customer PennyMac Financial Services are suing each other in separate courts in disputes sparked by the latter's creation of...
Ocwen

Ocwen’s cost savings initiatives steer it toward profitability: CEO

Ocwen Financial's cost-cutting initiatives are bearing fruit toward returning to profitability, management said, although the company's third-quarter loss was slightly higher than the...
Hilltop discloses material weakness tied to its loan-loss allowance

Hilltop discloses material weakness tied to its loan-loss allowance

Hilltop Holdings in Dallas disclosed that it found a material weakness tied to its loan-loss allowance.The $14.8 billion-asset company said in a press...
Fannie FICOs

Fannie Mae’s risk management advances support stable earnings in 3Q

A risk management model revision that decreased single-family loan-loss allowances and a strong mortgage lending environment contributed to consistent earnings results at Fannie...
PMI earn

More mortgage insurers see their 3Q business grow because of refis

More private mortgage insurers reported significant year-over-year gains in new business during the third quarter as refinancing boomed.But issues on the merger-and-acquisition front...
Mr Cooper

Mr. Cooper turns a profit, led by record mortgage volume

Record originations helped Mr. Cooper Group generate its first full-quarter profit since its formation through a merger between WMIH and Nationstar last year.But...

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Jerome Powell’s narrow path to second term as Fed chair

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Redfin: Bidding war competition drops to 10-year low in October

Redfin: Bidding war competition drops to 10-year low in October

Although the nation’s low-interest rates continue to drive purchasing demand, a report from Redfin indicates America’s bidding competition weakened in October.  According to the company, 10% of purchasing offers made on...

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