Capital One Financial Corporation reported net income of $1.1 billion or $1.87 per diluted share in the second quarter of 2013, compared with $1.0 billion or $1.79 per diluted share last quarter, and $92 million in second-quarter 2012. Last year’s results reflected significant purchase accounting impacts as Capital One closed the acquisition of HSBC U.S. card business. The largest impact was the larger loan loss … Continue reading COF Sailing Along Into Q3
Mortgage lenders face immense responsibilities when they lend. Non-compliance with requirements and standards is out of the question. Therefore, lenders must be vigilant about meeting their obligations with accuracy. To that end, lenders must become adept at understanding their responsibilities so they can install reliable processes for granting mortgage loans. Emphasis on Quality Control To say that the mortgage industry is filled with a minutia … Continue reading Responsibilities that Mortgage Lenders Should Know: Part II
Mortgage Lenders have unrelenting responsibilities to keep track of and obligations that must be met in order to be in compliance with regulations. To do business transparently and with integrity, mortgage lenders have to fully understand the responsibilities associated with their role and meet them with expertise in order to be successful in their endeavors. The Loan Origination Process Mortgage lenders must work to create … Continue reading Responsibilities that Mortgage Lenders Should Know: Part I
