Barclays Downgrades Stonegate Mortgage (SGM) to Underweight
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Stonegate Mortgage Corporation Reports Second Quarter 2015 Financial Results
August 6, 2015 7:01 AM EDTINDIANAPOLIS--(BUSINESS WIRE)-- Stonegate Mortgage Corporation ("Stonegate Mortgage" or the "Company") (SGM), a leading, non-bank mortgage company focused on originating, financing and servicing U.S. residential mortgage loans, today reported results for the quarter ended June 30, 2015. The Company operates as an intermediary between residential mortgage borrowers and the ultimate investors of mortgages through originating, financing, and servicing U.S. residential mortgages.
Jim Cutillo, Chief Executive Officer of Stonegate Mortgage commented on the results, We saw growth in our origination and financing segments in the second quarter. Servicing produced strong book value growth as interest rates rose during the... More
