Impac loses $1.2M during a difficult 1Q
Impac loses $1.2M during a difficult 1Q
Higher rates and tight margins are affecting its non-QM and conforming businesses.
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Higher rates and tight margins are affecting its non-QM and conforming businesses.
Higher rates and tight margins are affecting its non-QM and conforming businesses.
Industry News
Black Knight 2Q Earnings Fall 88% From 1Q
David Krechevsky
Aug 04, 2022
Acquisition by ICE continues to move forward, company said.
The second quarter of 2022 was a busy one for Black Knight, which saw a dramatic decrease in quarterly earnings while preparing to be acquired by Intercontinenta...
Industry News
Black Knight 2Q Earnings Fall 88% From 1Q
David Krechevsky
Aug 04, 2022
Acquisition by ICE continues to move forward, company said.
The second quarter of 2022 was a busy one for Black Knight, which saw a dramatic decrease in quarterly earnings while preparing to be acquired by Intercontinenta...
Dynex Capital took a loss of $46.7 million in the third quarter, a period when it and other mortgage real-estate investment trusts had to contend with more fast-moving market gyrations.Earnings per share missed estimates by nearly 22%, according to Google Finance. Its revenue of $20.4 million ($7.1 million on an adjusted basis) was off by more than 46%."While we experienced a decline in book value during the quarter related to this volatility and spread widening, our liquidity remains solid. We ...
Dynex Capital took a loss of $46.7 million in the third quarter, a period when it and other mortgage real-estate investment trusts had to contend with more fast-moving market gyrations.Earnings per share missed estimates by nearly 22%, according to Google Finance. Its revenue of $20.4 million ($7.1 million on an adjusted basis) was off by more than 46%."While we experienced a decline in book value during the quarter related to this volatility and spread widening, our liquidity remains solid. We ...
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Dynex Capital on Monday reported mixed earnings results for the second quarter as volatility intensified in the mortgage-backed securities markets it invests in.The real estate investment trust generated $29.3 million in net income, down from $117.2 million the previous quarter but improving on a $48.3 million loss a year earlier. It also took a comprehensive loss of $0.85 per common share. In addition, Dynex recorded a negative total economic return of $1.06 per common share, consisting of $0....
Dynex Capital on Monday reported mixed earnings results for the second quarter as volatility intensified in the mortgage-backed securities markets it invests in.The real estate investment trust generated $29.3 million in net income, down from $117.2 million the previous quarter but improving on a $48.3 million loss a year earlier. It also took a comprehensive loss of $0.85 per common share. In addition, Dynex recorded a negative total economic return of $1.06 per common share, consisting of $0....
Matt Engel is the President of Langsam Property Services, one of the largest management companies in the NYC market. They are responsible for managing approximately 350 buildings with over 10,000 units. Langsam is on the "short list" of who to call when you have tough management assignments which need assistance. They have rescued some very large portfolios on behalf of large investors, and there is a lot of real knowledge he shares with us. We will cover things like: What it is like to manage ...
Matt Engel is the President of Langsam Property Services, one of the largest management companies in the NYC market. They are responsible for managing approximately 350 buildings with over 10,000 units. Langsam is on the "short list" of who to call when you have tough management assignments which need assistance. They have rescued some very large portfolios on behalf of large investors, and there is a lot of real knowledge he shares with us. We will cover things like: What it is like to manage ...
A pair of bank holding companies with significant mortgage operations bucked second quarter industry trends by reporting increased volume from the first three months of the year.But gain on sale at both fell by more than one percentage point on a year-over-year basis.Second quarter originations at Wells Fargo, JPMorgan Chase, U.S. Bank and PNC were down an average of 11% on a quarter-to-quarter basis, worse than the 2% to 8% economists had forecast for the mortgage industry, a Keefe, Bruyette &...
A pair of bank holding companies with significant mortgage operations bucked second quarter industry trends by reporting increased volume from the first three months of the year.But gain on sale at both fell by more than one percentage point on a year-over-year basis.Second quarter originations at Wells Fargo, JPMorgan Chase, U.S. Bank and PNC were down an average of 11% on a quarter-to-quarter basis, worse than the 2% to 8% economists had forecast for the mortgage industry, a Keefe, Bruyette &...
But the REIT, which invests in mortgages that have to be verified through nontraditional means like bank statements, has seen an improvement in its outlook since the first quarter.
But the REIT, which invests in mortgages that have to be verified through nontraditional means like bank statements, has seen an improvement in its outlook since the first quarter.
What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? ย HousingWire recently spoke with Phil Johnsen, SVP/GM Servicing & Real Estate Solutions at Altisource, about how Altisourceโs Equity Sheild can help.ย
The post How borrowers can stay afloat with home equity products during difficult economic times appeared first on HousingWire.
What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? ย HousingWire recently spoke with Phil Johnsen, SVP/GM Servicing & Real Estate Solutions at Altisource, about how Altisourceโs Equity Sheild can help.ย
The post How borrowers can stay afloat with home equity products during difficult economic times appeared first on HousingWire.