VEL News and Press, Velocity Financial Inc From 08/13/21

Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its second securitization transaction of 2021, in aggregate $205 million of Mortgage-Backed Certificates, series 2021-2 (the "Certi...

The following slide deck was published by Velocity Financial, Inc. in conjunction with their 2021 Q2 earnings call. For further details see: Velocity Financial, Inc. 2021 Q2 - Results - Earnings Call Presentation

Velocity Financial (NYSE:VEL): Q2 Non-GAAP EPS of $0.25 beats by $0.08; GAAP EPS of $0.28 beats by $0.11. Revenue of $23.53M (+73.9% Y/Y) beats by $4.38M. Press Release For further details see: Velocity Financial EPS beats by $0.08, beats on revenue

Second Quarter Highlights: Net income of $9.45 million and Core income (1) of $8.45 million; diluted EPS of $0.28 and Core diluted EPS of $0.25 Core diluted EPS (1) increased 24% sequentially to $0.25 per share in 2Q21 from $0.20 in 1Q21 Loan production vol...

Gainers: Wheeler Real Estate Investment Trust (NASDAQ:WHLR) +17%. JMP Group (NYSE:JMP) +9%. Scully Royalty (NYSE:SRL) +7%. Comstock Holding Companies (NASDAQ:CHCI) +6%. Capital Southwest (NASDAQ:CSWC) +6%. Losers: Newtek Business Services (NASDAQ:NEWT) -28%. loanDepot (NYSE:LDI) -14%. Velocit...

Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its second quarter 2021 results after the market close on Thursday, August 5, 2021. Velocity’s exec...

On the conclusion of the 2021 Russell indexes annual reconstitution, the following notable financial and real-estate companies will join the Russell 3000 Index, effective June 28 after market opens.Financial institutions set to join the Russell 3000 Index include: Finance Of America Companies...

Gainers: InnSuites Hospitality Trust (IHT) +41%. Jupai Holdings (JP) +14%. eXp World Holdings (EXPI) +10%. Velocity Financial (VEL) +10%. SelectQuote (SLQT) +10%.Losers: Silvergate Capital (SI) -10%. Q&K International Group (QK) -8%. Vericity (VERY) -8%. Marathon Digital Holdings (MARA) -...

Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its first securitization transaction of 2021, in aggregate $265 million of Mortgage-Backed Certificates, series 2021-1 (the "Certif...

Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced that Kroll Bond Rating Agency (“KBRA”) has upgraded and affirmed the ratings on the 12 outstanding securitiz...