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Updated: 14 min 12 sec ago
Citigroup reported net income for the first quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.7 billion. The results of the first quarter were a dramatic reversal from 2014’s fourth quarter when Citigroup reported a net income of $350 million, or $0.06 per diluted share, on revenues of $17.8 billion.
Business appears to be booming at Goldman Sachs. The investment banking, securities and investment management giant reported net revenue of $10.62 billion in the first quarter, its best quarterly performance in four years.
Jobless claims were expected to decline last week, but they rose against analyst expectations. Here's where the trouble was.
Homebuilder confidence rose in April but builders took a big hit in March, demonstrating a weakness in the housing economy.
Foreclosure activity — which includes default notices, scheduled auctions and bank repossessions — rose in March, marking the first year-over-year increase in foreclosure activity since September 2010. But the news wasn't all bad.
Carrington Mortgage Services is launching a new borrower-education tool that’s designed to remove any and all ambiguity from the lending process and is making the tool mandatory for all its borrowers.
Based on rising home prices, favorable affordability, strong housing demand, and excellent economic and demographic conditions pointing to future demand, Auction.com has named the five top single-family housing markets. Did your market make the cut?
When in danger, most people turn to this one device to stay safe. The only problem is that it can easily be turned into a weapon against you. So how much are you relying on your cell phone for safety when showing houses?
The Consumer Financial Protection Bureau issued a final interpretive rule establishing lenders’ requirements for providing mortgage applicants with a list of local homeownership counseling organizations. Lenders, here's what's now required of you.
A majority of the twelve Federal Reserve Districts recorded growth in the latest Beige Book, and although there was some slowing in housing starts due to abnormal seasonal patterns, things are looking good for the spring.
Capsilon Corp. polled more than 100 executives from leading mortgage lenders, and revealed that four out of five of the respondents believe that their mortgagee origination costs will jump once TILA-RESPA comes into force.
Is it really a good idea to be pushing people who may be on the margin into a mortgage commitment? Especially given the state of the GSEs and how fragile the economy is? Fannie says not just yes, but heck yes.
After an 18-month investigation, the Securities and Exchange Commission will not issue any penalties or pursue any enforcement action against Carrington Capital Management over its acquisition of New Century Financial.
Canaccord Genuity has lowered its target for Zillow Group to $115 from $125, while Barclays is saying $95, both citing concerns raised in an investor call Tuesday over the weakness from the recently acquired Trulia. But that's not the whole story.
The bureau that turns its spotlight on the American economy may be getting the spotlight turned on it, as Democrats and Republicans came together Tuesday to open the CFPB to much greater scrutiny. Have a look behind the curtain.
The home lending and mortgage finance industry saw big gains this week on Capitol Hill, as a number of bipartisan bills from the House Financial Services Committee were passed during “Financial Independence Week.” Here's the rundown on the goods.
Builder confidence in the market for newly built, single-family homes in April rose significantly. Rose-tinted glasses, or a knowing confidence? We’ll see soon.
Bank of America reported first-quarter net income of $3.4 billion after a net loss of $276 million last year. The surge in growth can be attributed to stronger mortgage origination levels.
It’s been a weak time for mortgage applications despite news last week from MBA that new home purchases were up 17% in March. Here’s what happened.
The Securities and Exchange Commission’s high-profile case against several former Freddie Mac executives over allegedly misleading investors about the quality of subprime mortgages is now over, and it ended rather quietly.