Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results
08 Março 2024 - 10:30AM
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240308886811/en/
Investors and Media: Chris Oltmann (818) 532-3708
Velocity Financial (NYSE:VEL)
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