Stonegate Mortgage (SGM) Misses Q1 EPS by 15c
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Stonegate Mortgage Corporation Reports First Quarter 2016 Financial Results
May 10, 2016 7:01 AM EDTINDIANAPOLIS, IN -- (Marketwired) -- 05/10/16 --  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 March 31, 2016. 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.
"Our first quarter results were significantly impacted by a $35.7 million decline in the fair market value of our MSR asset and a 15% decrease from the prior quarter in mortgage originations from... More
Primary Capital Retained by RMB Australia Holdings Limited
May 6, 2016 8:01 AM EDTVANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/06/16 -- Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or "the Company") - The Company has been informed that its principal lender and shareholder, RMB Australia Holdings Limited ("RMBAH"), has engaged Primary Capital Inc. of Vancouver to assist in the potential sale of its debt and equity interests in Sutter. RMBAH owns approximately 47% of the Company's shares and as of December 31, 2015 has debt totaling approximately $46.5M, secured by the Company's assets. The Company has not been involved in any discussions... More
