Falling mortgage activity at banks could dampen 3Q earnings

Independent Bank Corporation (NASDAQ:IBCP) Q1 2019 earnings conference call april 22. you have seasonal factors where home sales and purchase activity and we’re 80% plus purchase mortgage activity..

Jobless claims increase by 17,000 filings Maui County had the highest percentage increase in claims last week, with 297 filings, a 27.5 percent increase from 233 filings last year. Oahu saw a 14.5 percent increase in unemployment claims, to 1.

TrustCo Bank Corp NY (NASDAQ:TRST) Q3 2017 Earnings. fall months and are pleased with the performance results year-to-date. Through nine months, the net growth in our residential portfolio was up.

I said in our Q3 earnings call, they quote. The Fed has already been tightening for two years and mortgage rates which have risen a 100 basis points are likely to dampen home affordability and new.

The topic of changes to the tax code came up on bank earnings calls, though there were few specifics about its potential impact on earnings. Analysts have said the large U.S. banks could be big..

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5 Top Bank Stocks to Buy Ahead of Q3 Earnings.. the major concern for banks is lack of activity on trading floors.. expects trading revenues to fall 15% from the year-ago period. Bank of.

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Canada’s biggest non-bank lenders have all reported third-quarter earnings. In their conference calls they outlined some of the expected impacts from OSFI’s new mortgage regulations that will take effect January 1, 2018.. All unanimously forecast a sizeable decline in uninsured mortgage lending activity.

CoreLogic: 10.4 million mortgages still in negative equity –(BUSINESS WIRE)–CoreLogic. to Q1 2016, negative equity decreased 24 percent from 4.1 million homes, or 8.1 percent of all mortgaged properties. “One million borrowers achieved positive equity.

I used the recent trading activity of Research In Motion (RIMM) to drive home the point and illustrated how its own book value offered a tremendous level of support. On the heels of its recent Q3.

China stimulus, global central bank easing and a China-U.S. trade-war ceasefire could. especially mortgage-backed securities with exposure to sub-prime mortgages. Generally, when interest rates.