Stonegate Mortgage Corporation, an integrated mortgage company, focuses on originating, acquiring, selling, financing, and servicing residential mortgage loans in the United States. The company originates and sells residential mortgage loans and jumbo loans through correspondent, wholesale, and retail channels. Its products include prime conforming mortgage loans, prime non-conforming mortgage loans, government mortgage loans, non-prime mortgage loans, and prime second-lien mortgage loans. The company also performs loan administration, collection, and default activities, including the collection and remittance of loan payments, responding to customer inquiries, accounting for principal and i...
9190 Priority Way West Drive
Indianapolis, IN 46240
Founded in 1964
Stonegate Mortgage Expands Non-Agency Offerings
Dec 9 14
Stonegate Mortgage Corporation has announced that it will expand its offering of non-agency mortgage products. These new product offerings will be accessible through Stonegate Mortgage's retail, wholesale, and correspondent channels. Stonegate Mortgage Corporation's release of Select ARM and Expanded Fixed Rate products represents a significant expansion of the non-agency product suite. Select ARM products offer 90% LTV with no mortgage insurance up to conforming limits, including high-balance limits in applicable areas. The Expanded Fixed Rate products include loans to $5 MM in select areas, 85% LTV (No MI) to $2 MM, cash out refinance to 75% LTV, Investment Properties to 70%, cash out amounts to $1 MM, and second homes to 80% LTV.
Stonegate Mortgage Corporation Presents at 2014 FBR Fall Investor Conference, Dec-02-2014
Nov 9 14
Stonegate Mortgage Corporation Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, United States.
Stonegate Mortgage Corporation Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 6 14
Stonegate Mortgage Corporation reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenues were $63,054,000 compared to $31,866,000 a year ago. Income before income tax expense was $1,646,000 compared to $2,490,000 a year ago. Net loss was $1,679,000 compared to profit of $1,683,000 a year ago. Net loss attributable to common stockholders was $1,679,000 or $0.07 basic and diluted per share compared to profit of $1,683,000 or $0.10 basic and diluted per share a year ago. Adjusted net income was $4,122,000 or $0.15 diluted per share compared to $51,000 or $0.02 diluted per share a year ago.
For the nine months, total revenues were $159,072,000 compared to $114,098,000 a year ago. Income before income tax expense was $1,646,000 compared to $406,000 a year ago. Loss before income tax expense was $10,799,000 compared to profit of $33,020,000 a year ago. Net loss was $9,295,000 compared to profit of $20,533,000 a year ago. Net loss attributable to common stockholders was $9,295,000 or $0.36 basic and diluted per share compared to profit of $20,506,000 or $1.42 basic and diluted per share a year ago. Net cash used in operating activities was $600,433,000 compared to $353,995,000 a year ago. Purchases of property and equipment were $5,067,000 compared to $4,967,000 a year ago. Purchase of assets in a business combination was $258,000. Adjusted net income was $22,385,000 or $0.86 diluted per share compared to $12,865,000 or $0.89 diluted per share a year ago.