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Stock impact report

Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results [Yahoo! Finance]

Velocity Financial, Inc. (VEL) 
Company Research Source: Yahoo! Finance
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 times The ninth bullet, as corrected, should read as follows: Recourse debt to equity ratio of 1.2 times About 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/ Contacts Investors and Media: Chris Oltmann Show less Read more
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