GlobeNewswire - Industry News on Mortgage Finance

Ocwen Financial Announces Proposed Offering of $400 Million of Senior Secured Notes Due 2026 by PHH Mortgage Corporation

Wed, 24 Feb 2021 13:08 GMT

WEST PALM BEACH, Fla., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary PHH Mortgage Corporation (“PMC”) plans to offer, subject to market and other conditions, $400 million aggregate principal amount of Senior Secured Notes due 2026 (the “Notes”). The Notes will be guaranteed on a senior secured basis by the Company and PHH Corporation (“PHH”), the parent company of PMC and subsidiary of the Company.

Flushing Financial Corporation Declares Its Quarterly Dividend of $0.21 Per Share

Tue, 23 Feb 2021 22:30 GMT

UNIONDALE, N.Y., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common stock of $0.21 per common share, payable on March 26, 2021 to shareholders of record at the close of business on March 12, 2021.

Home Point Capital to Announce Fourth Quarter and Full Year 2020 Financial Results on March 11, 2021

Tue, 23 Feb 2021 21:15 GMT

ANN ARBOR, Mich., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ: HMPT) (together with its subsidiaries, “Home Point Capital” or the “Company”), the parent entity of Home Point Financial Corporation (“Homepoint”), announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2020 before the market opens on March 11, 2021. The Company will host a conference call and live webcast to review the Company’s financial results on the same day at 8:30 a.m. ET.

TrustCo Bank Corp NY Announces Stock Repurchase Plan

Thu, 18 Feb 2021 21:15 GMT

GLENVILLE, N.Y. , Feb. 18, 2021 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that its Board of Directors has approved a stock repurchase program. Under the stock repurchase program, TrustCo may repurchase up to 2,000,000 shares of its common stock, or approximately 2% of its current outstanding shares. If TrustCo’s previously announced proposed reverse stock split is consummated, the then remaining number of shares subject to the repurchase program will be proportionately adjusted.

Prudential Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend

Wed, 17 Feb 2021 21:30 GMT

PHILADELPHIA, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq: PBIP) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company, payable on March 22, 2021 to the shareholders of record at the close of business on March 8, 2021.

First?Capital,?Inc.?Announces?Date?of?Annual?Meeting

Wed, 17 Feb 2021 16:30 GMT

CORYDON, Ind., Feb. 17, 2021 (GLOBE NEWSWIRE) -- First Capital, Inc. (Nasdaq:FCAP), the holding company for First Harrison Bank, today announced that its annual meeting of stockholders will be held on Wednesday, May 26, 2021.

True North Mortgage Announces New Head Office

Wed, 17 Feb 2021 16:00 GMT

CALGARY, Alberta, Feb. 17, 2021 (GLOBE NEWSWIRE) -- True North Mortgage Inc. is pleased to announce the successful relocation of their headquarters to Bow Valley Square 2 located at 205-5^th Ave SW Calgary, Alberta. True North Mortgage now occupies the entire 36^th floor, more than doubling the usable space of their prior location.

First Capital, Inc. Announces Quarterly Dividend Increase

Wed, 17 Feb 2021 13:49 GMT

CORYDON, Ind., Feb. 17, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of First Capital, Inc. (NASDAQ: FCAP) has declared a quarterly cash dividend of $0.26 (twenty-six cents) per share of common stock, according to William W. Harrod, President and Chief Executive Officer. The dividend will be paid on March 30, 2021 to shareholders of record as of March 16, 2021.

Malvern Bancorp, Inc. Reports Additional Impairment to Previously Announced Impaired Loan and Anticipated Filing of Amended 10-K

Tue, 16 Feb 2021 21:43 GMT

PAOLI, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF)?(the “Company”), the parent company of Malvern Bank, National Association, today announced an additional impairment with respect to a previously announced impaired commercial real estate loan. As reported in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on January 29, 2021 (the “10-K”), the Company partially charged-off a $13.5 million New York City commercial real estate loan (the “Loan”), and classified the Loan as “non-accruing” as of September 30, 2020. The partial charge off, as reported in the 10-K, amounted to approximately $2.9 million and resulted in a specific reserve of approximately $581,000, pending the receipt of a third-party appraisal. As disclosed in the 10-K, further impairment of the Loan could be warranted following receipt of the appraisal report.

TrustCo to seek approval of reverse stock split

Tue, 16 Feb 2021 21:30 GMT

GLENVILLE, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it plans to seek approval for a reverse stock split of TrustCo’s common stock at the upcoming annual meeting of TrustCo’s shareholders. The proposal will include a 1 for 5 reverse stock split and the reduction of the number of authorized shares of common stock from 150,000,000 to 30,000,000, as determined by TrustCo’s Board of Directors. This proposed reduction in authorized shares would become effective at the same time as the effective date of the proposed reverse stock split.

First Financial Northwest, Inc. Announces 10% Increase in its Quarterly Cash Dividend to $0.11 per Share

Tue, 16 Feb 2021 21:15 GMT

RENTON, Wash., Feb. 16, 2021 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ?GS:?FFNW), the holding company for First Financial Northwest Bank (the “Bank”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share on the Company’s outstanding common stock, a $0.01 increase from the prior quarter. The cash dividend will be payable on March?26, 2021, to shareholders of record on March?12, 2021.

NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

Tue, 16 Feb 2021 21:01 GMT

EMERYVILLE, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported net income of $48.3 million, or $0.56 per diluted share, for the fourth quarter ended December 31, 2020, which compares to $38.2 million, or $0.45 per diluted share, in the third quarter ended September 30, 2020 and $50.2 million, or $0.71 per diluted share, in the fourth quarter ended December 31, 2019. Adjusted net income for the quarter was $50.8 million or $0.59 per diluted share, which compares to $40.4 million or $0.47 per diluted share in the third quarter ended September 30, 2020 and $52.6 million or $0.75 per diluted share in the fourth quarter ended December 31, 2019.

TrustCo continues more than 100-year history of success, announces quarterly dividend

Tue, 16 Feb 2021 21:00 GMT

GLENVILLE, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today declared a quarterly cash dividend of $0.068125 per share, or $0.2725 per share on an annualized basis. The dividend will be payable on April 1, 2021 to shareholders of record at the close of business on March 5, 2021. TrustCo has paid a cash dividend every year since 1904.

Sp Mortgage Bank Plc: Savings Banks Group’s Release of Financial Statements for 2020

Tue, 16 Feb 2021 06:00 GMT

Sp Mortgage Bank Plc
Stock Exchange Release
16^th February 2021 at 8 am (CET +1)

Sp-Kiinnitysluottopankki Oyj: S??st?pankkiryhm?n tilinp??t?stiedote 1.1.-31.12.2020

Tue, 16 Feb 2021 06:00 GMT

Sp-Kiinnitysluottopankki Oyj
P?rssitiedote
16.2.2021 klo 8:00

Sp Mortgage Bank Plc - Annual Financial Report

Tue, 16 Feb 2021 06:00 GMT

Sp Mortgage Bank Plc's IFRS financial statements and Board of Directors' report for 2020? have been published.

Sp-Kiinnitysluottopankki Oyj - Tilinp??t?s ja toimintakertomus

Tue, 16 Feb 2021 06:00 GMT

Sp-Kiinnitysluottopankki Oyj:n tilinp??t?s ja toimintakertomus vuodelta 2020 on julkaistu.

Standard AVB Financial Corp. Announces Revised Earnings For The Quarter And Year Ended December 31, 2020

Mon, 15 Feb 2021 15:33 GMT

MONROEVILLE, Pa., Feb. 15, 2021 (GLOBE NEWSWIRE) -- Standard AVB Financial Corp. (Nasdaq: STND) (the “Company”), the holding company for Standard Bank (the “Bank”), announced today an increase to its previously reported earnings for the quarter and year ended December 31, 2020. Net income for the quarter and year ended December 31, 2020 were $2.4 million, or $0.53 per basic share, and $6.9 million, or $1.52 per basic share, respectively. Excluding the after tax impact of the merger-related expenses, net income would have been $3.0 million, or $0.64 per basic share for the quarter ended December 31, 2020 and $7.9 million, or $1.74 per basic share, for the year ended December 31, 2020. The Company’s annualized return on average assets and average equity were 0.92% and 6.73%, respectively, (1.11% and 8.13%, respectively, excluding the merger-related expenses) for the quarter ended December 31, 2020 and 0.67% and 4.85%, respectively, (0.77% and 5.55%, respectively, excluding merger-related expenses) for the year ended December 31, 2020.

NMI Holdings, Inc. Appoints Priya Huskins to Board of Directors

Thu, 11 Feb 2021 21:00 GMT

EMERYVILLE, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), announced today that Priya Huskins has been appointed as an independent member of its Board of Directors.

Photo Release -- WSFS Bank Study Finds Millennials and Gen Zers?View Their Overall Financial Situations Positively

Thu, 11 Feb 2021 15:12 GMT

Despite setbacks, 58% think their generation’s financial stability is better than previous generations

Despite setbacks, 58% think their generation’s financial stability is better than previous generations