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.
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Ally turns $310M net profit for 1Q
Posted by mortgage 26 days ago (Editorial)
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.
Gov't housing programs lift gov't-owned Ally in 1Q
Posted by mortgage 27 days ago (Editorial)
Ally Financial's net income more than doubled in the first quarter as the government-owned lender offered more mortgages through government refinancing programs.
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
JPMorgan Chase earns $5.4B in Q1, beats Street
Posted by mortgage 37 days ago (Editorial)
JPMorgan Chase earns $5.4B in Q1, beats Street Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 05:14
KB Home 1Q Falters as Orders Fall
Posted by mortgage 58 days ago (Editorial)
KB Home reported adjusted net loss per share of 51 cents wider than 47 per share in the year-ago quarter.
Kenya's Housing Finance sees rates falling in Q3
Posted by mortgage 63 days ago (Editorial)
NAIROBI (Reuters) - An expected easing in Kenyan interest rates from the second half of 2012 could give relief to house buyers struggling with last year's sharp jump in rates, the CEO of specialist mortgage lender Housing Finance said on Wednesday. Commercial lending rates leapt to about 25 percent late last year, from 15 percent, after the central bank raised its policy rate by more than 11
National Bank posts strong home mortgage growth as part of Q1 $332M profit
Posted by mortgage 81 days ago (Editorial)
By LuAnn LaSalle, The Canadian Press MONTREAL - National Bank of Canada has been increasing its home mortgages business with the help of more specialists and by working with brokers, but it hasn't lowered ...
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