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ICE Mortgage Technology reports $95M of operating income in 2Q

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ICE Mortgage Technology reported better than expected second quarter results due to new customer growth and increased adoption of
digital workflow tools, executives of parent company Intercontinental Exchange said on a conference call.
Mortgage technology revenues grew 17% year-over-year, second quarter transaction revenues increased by 8%, while recurring revenues were up 36%, and at $136 million exceeded the high end of our guidance, said Warren Gardiner, Intercontinental Exchange s chief financial officer
In the first quarter, recurring revenue was $125 million, while for the second quarter last year, it was $100 million on a pro forma basis.
On a GAAP basis, ICE Mortgage Technology s second quarter operating income was $95 million, compared with $106 million in the first quarter and $31 million in the second quarter of 2020. ....

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Covid-19 hospitalizations in Los Angeles County more than doubled in 2 weeks

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(CNN) In Los Angeles County, which was crushed during the winter surge of the coronavirus, Covid-19 cases and hospitalizations are now again exploding.
On Saturday, the county reported 2,600 new cases. A day earlier, county health officials recorded more than 3,000 new Covid-19 infections, for the first time since February. Friday s figure was nearly triple what Los Angeles County was recording two weeks ago.
More than 60% of the county s eligible population has been fully vaccinated. Without those vaccinations, we would probably be seeing almost double the number of cases, Barbara Ferrer, the county s public health director, said recently.
Hospitalizations are also way up with more than 680 hospitalized with Covid-19 on Saturday, Ferrer told CNN. That s more than double as many as two weeks ago. ....

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Covid-19 hospitalizations in Los Angeles County more than doubled in 2 weeks

Covid-19 hospitalizations in Los Angeles County more than doubled in 2 weeks
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US coronavirus: Covid-19 hospitalizations in Los Angeles County more than doubled in two weeks

US coronavirus: Covid-19 hospitalizations in Los Angeles County more than doubled in two weeks
CNN
3 hrs ago
By Travis Caldwell, Paul Vercammen and Christina Maxouris, CNN
© Chris Delmas/AFP/Getty Images
People shop at a grocery store enforcing the wearing of masks in Los Angeles on July 23, 2021.
On Saturday, the county reported 2,600 new cases. A day earlier, county health officials recorded more than 3,000 new Covid-19 infections, for the first time since February. Friday s figure was nearly triple what Los Angeles County was recording two weeks ago.
More than 60% of the county s eligible population has been fully vaccinated. Without those vaccinations, we would probably be seeing almost double the number of cases, Barbara Ferrer, the county s public health director, said recently. ....

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Covid-19 hospitalizations in Los Angeles County more than doubled in 2 weeks – KION546

AFP via Getty Images
Chris Delmas/AFP/Getty Images
People shop at a grocery store enforcing the wearing of masks in Los Angeles on July 23
By Travis Caldwell, Paul Vercammen and Christina Maxouris, CNN
On Saturday, the county reported 2,600 new cases. A day earlier, county health officials recorded more than 3,000 new Covid-19 infections, for the first time since February. Friday’s figure was nearly triple what Los Angeles County was recording two weeks ago.
More than 60% of the county’s eligible population has been fully vaccinated. Without those vaccinations, “we would probably be seeing almost double the number of cases,” Barbara Ferrer, the county’s public health director, said recently. ....

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