twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Ally Originations Improve

$23.2 billion Q4 production

Feb. 1, 2011

By staff

Mortgage originations at Ally Financial Inc. were better on a quarterly and annual basis. The company trimmed its repurchase liabilities.

Residential loan production during the last three months of 2010 was $23.2 billion, earnings data released today said. The company closed $3 billion more than it did during the third quarter, while business was $5.6 billion better than in the fourth-quarter 2009.

Included in the latest quarter's activity were $20.0 billion in prime conforming loans, $0.4 billion in prime non-conforming mortgages and $2.8 billion in government originations.

Full-year fundings were $69.5 billion, higher than 2009 production of $64.7 billion.

The domestic mortgage servicing portfolio finished last year at $355.7 billion, growing from $352.8 billion at the end of the third quarter. The servicing portfolio sat at $349.8 billion at the close of 2009.

substantially reduced risk in the mortgage business and are focused on our conforming mortgage origination and servicing platform," Ally Chief Executive Officer Michael A. Carpenter said in the statement.

GMAC Mortgage has reportedly remediated all but 2,548 of the 25,000 potentially affected affidavits identified a
s of Sept. 30, 2010. Almost all of the remaining cases await further guidance from the states that require remediation.

"The company has not found any evidence of inappropriate foreclosures in its review process to date related to the affidavit matter," the report stated.

Repurchase claims outstanding finished last year at $888 million, unchanged from three months earlier. But outstanding claims improved from $919 million at the end of 2009. Mortgage repurchase reserves have fallen to $0.8 billion from $1.3 billion a year prior.

The vintage 2007 accounted for 44 percent of GMAC's new claims during last year. The share for the 2006 and 2008 vintages were each 22 percent.

Mortgages held-for-investment ended last year at $10.1 billion, a hair below $10.3 billion on Sept. 30 and on Dec. 31, 2009.

Commercial mortgage holdings were $1.8 billion as of Dec. 31.

The New York-based firm earned $123 million from its mortgage operations, less than the $154 million the unit earned in the third quarter. But mortgage operations -- which include mortgage activities at ResCap, Ally Bank and ResMor Trust -- swung from a $3.4 billion loss reported for the fourth-quarter 2009.

At the parent company, earnings before taxes fell to $533 million from $635 million, though that was an improvement from the $3.5 billion loss a year earlier.

Ally Financial profile

next story

back to current headlines

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Bank news

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders