common share (EPS) for the 2019 first quarter were $0.32, up 14% from the year-ago quarter. Tangible book value per common share as of 2019 first quarter-end was $7.67, an 8% year-over-year increase. Return on average assets was 1.35%, return on average common equity was 13.8%, and return on average tangible common equity (ROTCE) was 18.3%.
Portfolio yields averaged 2.82% during the quarter, an increase of 7 basis points from the 2.75% we reported in the first quarter. Yields directly benefited from higher cash yields on acquisitions as.
Importantly, we achieved meaningful progress in the organic reduction of non-performing assets, down $52 million this quarter or 11%. Now, down to — NPA is down to 3.35% of. reducing the mortgage.
· 4th Quarter Mortgage Originators Survey. After increasing in the 3 rd quarter, the share of lenders using buffers to prevent infractions of the QM rule eased. Respondents’ confidence in their preparations for the QM/ATR rules leapt to 70% from 59.9% in the 3 rd quarter.
Transactions Completed In The First Quarter Of 2017 Loss Ratio Down Sequentially From A Lower Average Reserve Per Delinquency & Down Versus Prior Year From A Decrease In New Delinquencies, Net Of Cures 2017 Loss Ratio Outlook Changed To A Range Of 20-30% From 25-35% Genworth 1Q17 Earnings Presentation – May 2, 2017 5
Delinquent mortgages, foreclosures outnumber distressed sales 50:1 Freddie Mac (NYSE: FRE) today reported a net loss of $21.6 billion for the full-year 2009, compared to a net loss of $50.1 billion for. borrowers lower their mortgage payments, and more than a.
For the first quarter of 2019, noninterest expense of $8.6 million was flat to the prior year and down $0.2 million from the linked quarter. Lower mortgage production volumes reduced compensation.
Genworth Financial Announces First Quarter 2017 Results. The loss ratio in the quarter was 35. decreases in the volume of high loan-to-value mortgage originations or increases in mortgage.
Twitter storm over offensive Bloomberg housing cover I don’t remember Bloomberg specifically coming after me, but they certainly didn’t defend me. Aside from Tucker Carlson, the only major media outlet that defended me was the LA Times. If censorship leads to violence and chaos, as Bloomberg claims, America should stop this insane campaign of mass censorship. Let’s have the conversation.Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P Standard & Poor’s refers to the homes in delinquency, foreclosure or bank possession as a "shadow inventory." In September, S&P estimated it will take the housing market almost 3 1/2 years.
· At the end of 2016, mortgage originations, viewed one quarter in arrears, grew to 2.08 million, the highest fourth quarter level since 2012. Originations grew.
Alabama Supreme Court rules in favor of MERS Zillow: Home price depreciation to worsen market into 2011 zillow forecast: august case-shiller expected to Show 1.7%. – Zillow’s Home Value Index for September was released on Monday night and shows the largest quarterly appreciation since March 2006, showing that the market is regaining some of its strength.May 20 at 6:00 AM The morning after the appallingly restrictive antiabortion legislation passed in Alabama last week. and.
About 1.8 million (1,813,691) loans secured by residential property (1 to 4 units) were originated in the first quarter, down 5% compared with the fourth quarter and down 3% compared with the first quarter of 2017, according to the Q1 2018 U.S. residential property loan Origination Report from ATTOM Data Solutions.
The nation’s two largest mortgage originators separately acknowledged this week that mortgage origination volumes are in free-fall thanks to higher long-term interest rates. Sloan went on to note that the bank currently expects mortgage originations in the third quarter to.