Lloyds Banking Group Plc (LLOY) , Britain?s biggest mortgage lender, said first-quarter profit more than doubled, beating analyst estimates, as impairments shrank.
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Lloyds First-Quarter Profit Beats Estimates as Impairments Fall
Posted by mortgage 22 days ago (Editorial)
Ally turns $310M net profit for 1Q
Posted by mortgage 26 days ago (Editorial)
Detroit-based auto and mortgage lender Ally Financial Inc. said Thursday it swung to a $310 million net profit in the first quarter this year after a net loss of $206 million in the prior quarter and net income of $146 million in first quarter 2011.
Ally Doubles Profit as Results From Mortgage Unit Improve
Posted by mortgage 27 days ago (Editorial)
Ally Financial Inc. (ALLY) , the auto and home lender bailed out by U.S. taxpayers, said first-quarter profit more than doubled as mortgage results improved.
Ally Financial Posts $310 Million Profit In 1Q
Posted by mortgage 27 days ago (Editorial)
Ally Financial Inc., the government-owned lender that may seek bankruptcy protection for its struggling mortgage business, posted a $310 million profit in the first quarter driven by solid auto-finance results and improvements in its mortgage operations.
Ally Financial reports first quarter profit of $310M
Posted by mortgage 27 days ago (Editorial)
Detroit— Auto and mortgage lender Ally Financial Inc. swung to a $310 million net profit in the first quarter of the 2012, compared to a net loss of $206 million in the prior quarter and net income of $146 million for the first quarter of 2011.
Kenya's Housing Finance profit growth slows in Q1
Posted by mortgage 29 days ago (Editorial)
NAIROBI (Reuters) - Kenya's Housing Finance posted an 11 percent rise in first-quarter pretax profit to 190 million shillings, a sharp slowdown from the 66 percent growth achieved a year ago as higher interest rates curbed demand for mortgages. Kenya's sole specialist mortgage lender, commanding 31 percent of the total 17,000 mortgage accounts, said on Tuesday sales fell 38 percent to 2 b
Wells Fargo reports higher profit on mortgage gains
Posted by mortgage 39 days ago (Editorial)
(Reuters) - A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses. Wells Fargo, the fourth largest U.S. bank and the country's biggest mortgage lender and servicer, said on Friday that net income increased to $4.25 billion, or 75 cents a share, from $3.76
Wells Fargo profit rises, but expense concerns weigh
Posted by mortgage 39 days ago (Editorial)
(Reuters) - A surge in mortgage banking income helped lift Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concerns that the bank is falling behind on its drive to cut expenses. Wells Fargo, the fourth largest U.S. bank and the country's biggest mortgage lender and servicer, said on Friday that net income increased to $4.25 billion, or 75 cents a share, from
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