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Tax-loss harvesting, a strategy that uses net losses to reduce capital gains taxes, is becoming more prevalent through applications like direct indexing. However, there is a lack of research on this strategy, according to a working academic paper by Harry Mamaysky. While tax-loss harvesting can be beneficial for wealthy investors, it is not suitable for everyone and requires careful consideration of offsetting capital gains. Investors are advised to consult with financial advisors and tax professionals to understand how this strategy applies to their specific cases. The paper also discusses the importance of factors such as intermediate capital gains, reinvestment of tax savings, and differential tax rates in maximizing the benefits of tax-loss harvesting. [Extracted from the article]

The parent company of Flagstar Bank reported a net loss of $323 million for the second quarter after boosting loan-loss provisions and recording a steep increase in net charge-offs. Still, it says it's making progress on a turnaround plan, including by agreeing to the sale of its mortgage servicing business. [ABSTRACT FROM AUTHOR]

The parent company of Flagstar Bank reported a net loss of $323 million for the second quarter after boosting loan-loss provisions and recording a steep increase in net charge-offs. Still, it says it's making progress on a turnaround plan, including by agreeing to the sale of its mortgage servicing business. [ABSTRACT FROM AUTHOR]

The lender and servicer, coming off multiple consecutive quarters of net losses, has to pay significantly higher interest rates for an additional two year term for this debt. [ABSTRACT FROM AUTHOR]

The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter. [ABSTRACT FROM AUTHOR]

The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance. [ABSTRACT FROM AUTHOR]

Company executives are counting on Guild's recent acquisitions to buoy business once the market normalizes. [ABSTRACT FROM AUTHOR]

Company executives are counting on Guild's recent acquisitions to buoy business once the market normalizes. [ABSTRACT FROM AUTHOR]

The megalender and servicer Rocket reported annual origination volume in 2023 of $78.7 billion, a 40% decline from 2022. [ABSTRACT FROM AUTHOR]

The megalender and servicer Rocket reported annual origination volume in 2023 of $78.7 billion, a 40% decline from 2022. [ABSTRACT FROM AUTHOR]

Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer. [ABSTRACT FROM AUTHOR]

Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer. [ABSTRACT FROM AUTHOR]

The company took another net loss but some of its numbers improved as it slashed expenses and prospects improved for distressed loan services. [ABSTRACT FROM AUTHOR]

The Internal Revenue Service's backlog is having an impact in many areas, including the handling of noncorporate applications for refund claims on net operating losses. [ABSTRACT FROM AUTHOR]

The agency issued billions of dollars in tax refunds to companies claiming net operating losses for prior years after passage of the CARES Act, but did little to examine the claims. [ABSTRACT FROM AUTHOR]

The Federal Deposit Insurance Corp.'s second-quarter report on the state of banking noted that while banks are enjoying strong profits, they face declining deposits, rising unrealized losses and shrinking net interest margins. [ABSTRACT FROM AUTHOR]

The firm's merger with a special purpose acquisition corporation is expected to be completed this quarter, according to financial filings. [ABSTRACT FROM AUTHOR]

Lenders reported a net loss of $534 on each loan they originated in the last quarter, an improvement from the $1,972 loss per loan the quarter prior. [ABSTRACT FROM AUTHOR]

The fintech is reducing its sales and marketing expenses and promoting a healthy pipeline of consumer banking products, representatives said. [ABSTRACT FROM AUTHOR]

The mortgage shop's net income was $36.9 million in the second quarter, up from a net loss of $37.2 million in the first three months of the year. [ABSTRACT FROM AUTHOR]

The broker-dealer self-regulator said the shortfall is partly the result of increased spending on staff coupled with a decline in the value of its investment portfolio. [ABSTRACT FROM AUTHOR]

CCG transaction's managed portfolio and securitizations have had low net losses due to strong recovery performance, although default performance has historically been volatile. [ABSTRACT FROM AUTHOR]

The Internal Revenue Service backlog is adding to long delays in processing carryback refunds of net operating losses claimed by companies during the pandemic. [ABSTRACT FROM AUTHOR]

Following sales to Mr. Cooper and The Loan Store, the wholesale giant reported originations of $891.2 million between January and March. [ABSTRACT FROM AUTHOR]

Both its servicing and origination segment were in the red in the first three months of the year, with the latter division reporting a net loss of $32.8 million. [ABSTRACT FROM AUTHOR]

MSR marks weighed down results again but by less than in the previous quarter as the company worked on offsets and restated some adjusted numbers. [ABSTRACT FROM AUTHOR]

The company, which recorded positive comprehensive income based on unrealized RMBS gains, sees potential buying opportunities in bulk mortgage-servicing rights amid a wave of sales by Wells Fargo and others. [ABSTRACT FROM AUTHOR]

The company sees potential buying opportunities in bulk mortgage-servicing rights amid sales anticipated from banking giant Wells Fargo and others. [ABSTRACT FROM AUTHOR]

Cleveland-based KeyCorp posts a subdued profit in the wake of a loan loss provision that was more than six times greater than the level of fourth-quarter net charge-offs. [ABSTRACT FROM AUTHOR]

Hailing from Canada, the upcoming credit card deal will draw from a pool with very low rates of delinquency, total net losses and charge offs. [ABSTRACT FROM AUTHOR]

Hailing from Canada, the upcoming credit card deal will draw from a pool with very low rates of delinquency, total net losses and charge offs. [ABSTRACT FROM AUTHOR]

The $2.2 million-asset PSFCU was placed into involuntary liquidation by the regulator on Dec. 30, the National Credit Union Administration said in a press release, though it did not disclose reasons for the liquidation. As part of the liquidation of PSFCU, the $2.2 billion-asset Newport News Shipbuilding Employees Credit Union in Newport News, Virginia, which does business as BayPort Credit Union, assumed PSFCU's assets, member shares and loans. PSFCU recorded net losses for the last several years, with recent call data from the NCUA showing losses that exceeded $200,000 in the first nine months of 2021. [Extracted from the article]

Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability. [ABSTRACT FROM AUTHOR]

Mr. Cooper Group reported a second-quarter net loss of $87 million as the company took a $231 million fair value hit to its mortgage servicing rights portfolio. [ABSTRACT FROM AUTHOR]

New Residential Investment Corp. took a $32 million net loss in the second quarter as it diversified its business lines and repositioned to protect its mortgage servicing rights from falling rates. [ABSTRACT FROM AUTHOR]

Bloomberg Tax &Accounting has improved the product to help multistate businesses with net operating losses across multiple states. [ABSTRACT FROM AUTHOR]

The company reported a net loss of $84.1 million in the third quarter and blamed the performance on interest rate hikes, inflation and supply chain woes. [ABSTRACT FROM AUTHOR]

The San Francisco bank tallied $2.2 billion in net operating losses, higher than in any quarter since late 2017. The charges offset what otherwise would have been a strong third-quarter performance. [ABSTRACT FROM AUTHOR]

The San Francisco bank tallied $2.2 billion in net operating losses, higher than in any quarter since late 2017. The charges offset what otherwise would have been a strong third-quarter performance. [ABSTRACT FROM AUTHOR]

The San Francisco bank tallied $2.2 billion in net operating losses, higher than in any quarter since late 2017. The charges offset what otherwise would have been a strong third-quarter performance. [ABSTRACT FROM AUTHOR]

The San Francisco bank tallied $2.2 billion in net operating losses, higher than in any quarter since late 2017. The charges offset what otherwise would have been a strong third-quarter performance. [ABSTRACT FROM AUTHOR]

DBRS Morningstar and S&P Global Ratings each have lower projected net losses for the $1.1 billion Westlake Automobile Receivables Trust 2021-1 transaction, in comparison to the subprime auto lender's prior $1.4 billion securitization that priced in October 2020. [ABSTRACT FROM AUTHOR]

Moody's Investors Service says forbearance levels were a factor in assigning a higher expected net loss figure for Navient's new FFELP securitization. [ABSTRACT FROM AUTHOR]

Intercompany pricing corrections now can help generate cash by utilizing tax net operating losses. [ABSTRACT FROM AUTHOR]

The lending and servicing giant is also amping up cost-saving efforts with more layoffs after reporting a net loss of $223.8 million in the second quarter. [ABSTRACT FROM AUTHOR]

The limitation on net operating losses under the 2017 tax reform were mostly reversed in the stimulus package in March, but there are some complexities to keep in mind. [ABSTRACT FROM AUTHOR]

The limitation on net operating losses under the 2017 tax reform were mostly reversed in the stimulus package in March, but there are some complexities to keep in mind. [ABSTRACT FROM AUTHOR]

The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act. [ABSTRACT FROM AUTHOR]

The CARES Act included several provisions allowing companies to claim net operating losses for past tax years, temporarily reversing some of the limitations in the Tax Cuts and Jobs Act. [ABSTRACT FROM AUTHOR]

Smaller institutions should prepare themselves for some of what the competition has experienced, including increased provisions for losses and declining net interest margins. [ABSTRACT FROM AUTHOR]