VEL News and Press, Velocity Financial Inc From 06/15/20

Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”), today announced the completion of its second securitization transaction of 2020 (“VCC 2020-2”). VCC 2020-2 included unrated Mortgage-Backed Certificates (the “Certificates ...

Velocity Financial, Inc. (NYSE: VEL), (the “Company,” “Velocity,” “we” or “our”) today announced that Kroll Bond Rating Agency (“KBRA”) has affirmed the ratings on the 12 outstanding securitizations issued by its wholly-own...

The following slide deck was published by Velocity Financial, Inc. in conjunction with their 2020 Q1 earnings Read more ...

Velocity Financial (NYSE: VEL ): Q1 Non-GAAP EPS of $0.29 beats by $0.07 ; GAAP EPS of $0.13 beats by $0.36 . More news on: Velocity Financial, Inc., Earnings news and commentary, Financial stocks news, , Read more ...

First Quarter Highlights: Net income of $2.6 million and earnings per share (EPS) of $0.13 “Core” EPS of $0.29 (1) that includes the impact of one-time expense from the paydown of corporate debt in addition to provisioning for COVID-19 impacts Book value growth ...

Velocity Financial, Inc. (NYSE:VEL) (“Company”) announced today that it will release first quarter 2020 results before the market opens on Wednesday, May 13, 2020. The Company will host a webcast to discuss the quarterly results on May 13, 2020 at 4:30 p.m. Eastern time. Lis...

Velocity Financial (NYSE: VEL ): Q4 Non-GAAP EPS of $0.44 misses by $0.05 . More news on: Velocity Financial, Inc., Earnings news and commentary, Financial stocks news, , Read more ...

Fourth Quarter Highlights: Record total production of $321 million in UPB Net interest income of $17.1 million Net income of $5.2 million and pro forma diluted earnings per share of $0.44 (1) Net operating income of $12.2 million (2) Total loan portfolio of $2.1 bill...

Velocity Financial, Inc. (NYSE: VEL), (the “Company,” “Velocity,” “we” or “our”) today announced that it has reached an agreement to issue and sell $45 million of Series A Convertible Preferred Stock and warrants to purchase shares of th...

Velocity Financial, Inc. (NYSE: VEL), (the “Company”) today provided an update on the current operating environment and operational metrics. Loan origination volume for the two months ended February 29, 2020 totaled $204.5 million in UPB, a 49 percent increase from the same ...