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VEL Velocity Financial Inc

19.41
0.07 (0.36%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Velocity Financial Inc NYSE:VEL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.07 0.36% 19.41 19.51 19.1576 19.34 25,432 22:00:00

Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results

08/03/2024 1:30pm

Business Wire


Velocity Financial (NYSE:VEL)
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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.

Investors and Media: Chris Oltmann (818) 532-3708

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