Quarterly earnings set a new record, while new business was better at National Mortgage Insurance Corp. As the book of business expanded, delinquency declined. Second-quarter earnings data from parent-NMI Holdings Inc. indicate that income before income taxes worked...
Earnings increased and servicing expanded at PennyMac Financial Services Inc. But originations were down from last year, and delinquency deteriorated. In its second-quarter earnings report, the Westlake Village, California-based company disclosed pre-tax income during...
Hundreds of mortgage employees in North Texas are being laid off by Capital One Financial Corp. The job cuts come less than a year after over 700 people were let go from the same location. Back in November 2017, the McLean, Virginia-based company disclosed plans to...
The Trump administration and Republican lawmakers have long viewed the Consumer Financial Protection Bureau as a rogue agency, dedicated solely to preventing decent, hard-working businesses from creating jobs and growing the economy. It turns out, though, that the...
Question: What do home mortgage loans (including second mortgage loans), retail installment loans, automobile loans, home improvement loans, and mobile home loans, have in common — aside from being loans to consumers? Answer: The interest charge sometimes is...
