The GSE's net income represented a decrease of 6% year-over-year.
Tagged: quarterly earnings
Newrez, Rithm's mortgage company, recorded an origination and servicing segment pre-tax income of $247.7 million.
The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.
The company more than doubled the $39.3 million of earnings it generated in the first quarter.
Joins other large U.S. banks in beating analyst expectations.
Results from 2 of the nation's largest banks beat analysts' expectations.
CEO says stock is undervalued, sees opportunity to 'further diversify our business model.'
Posts $411m loss in Q1, slight improvement from $493m in Q4, as CEO Jay Farner says goodbye.
JPMorgan Chase, Wells Fargo results both beat analyst expectations.
Also announces launch of new Win Card credit card, exclusively for MyLendingTree members.