Author name: Ricky Vasquez

ICE sees transaction revenue surge in mortgage unit

Intercontinental Exchange had more green shoots in its mortgage technology business to start the year, including a sizable gain in transaction revenue.  Processing Content The ubiquitous software provider reported mortgage segment revenue of $539 million for the first quarter, building on the 3-year high it posted in the prior reporting period. Within that business, ICE […]

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Freddie Mac earnings surge on net interest income, credit release

Portfolio growth, a release of credit reserves and strong refinancing activity drove Freddie Mac’s first-quarter earnings up 27% from a year earlier. Processing Content Freddie earned $3.6 billion on a net basis, up from $2.8 billion the previous quarter and a year earlier. It acquired $43 billion in single-family refinances and $60 in purchase loans

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