Tag Archives: Earnings

Angel Oak takes $43.5 million loss due to market volatility

Angel Oak took a net loss in the first quarter due to market volatility that affected the value of the mortgage-related assets on its books. The real estate investment trust, which invests in non-agency mortgages originated by its affiliates, took a net loss of $43.5 million, down from $3.1 million in the fourth quarter of […]

Guild’s profit grows from servicing, purchase focus

Guild Mortgage’s servicing numbers and concentration on purchases led the company to a nearly fourfold first-quarter income gain, but company officials also indicated layoffs and turbulence lay ahead. Guild Holdings, parent of the San Diego-based lender and servicer, reported net income of $208 million for the first three months of the year, up from $42.2 […]

Wells Fargo continues to see high demand for new homes, says CFO Mike Santomassimo

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Mike Santomassimo, Wells Fargo CFO, joins ‘Closing Bell’ to discuss Wells Fargo’s earnings. He says the company continues to innovate and see growth in mortgages. source