Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results
Velocity Financial, Inc. (VEL)
Company Research
Source: Business Wire
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), filed its fourth quarter and full year 2023 results on March 7, 2024. It has recently come to management’s attention that the earnings release contained a typographical error.The ninth bullet under Fourth Quarter Highlights stated:Non-recourse debt to equity ratio of 1.2 timesThe ninth bullet, as corrected, should read as follows:Recourse debt to equity ratio of 1.2 timesAbout Velocity Financial, Inc.Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4-unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers built and refined over 19 years.View source version on businesswire.com: https://www.businesswire.com/news/home/20240308886811/en/Investors and Media:Chris Oltm
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News
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- Surging Earnings Estimates Signal Upside for Velocity Financial (VEL) Stock [Yahoo! Finance]Yahoo! Finance
- Best Momentum Stock to Buy for March 19th [Yahoo! Finance]Yahoo! Finance
VEL
Earnings
- 5/2/24 - Beat
VEL
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form S-3
- 3/27/24 - Form ARS
- VEL's page on the SEC website