Delinquency Better as US Bank Originations Worse
U.S. Bancorp managed to bring down residential delinquency levels but was unable to overcome an industry-wide slump in mortgage production.
HEL Business Continues Higher at BofA
Bank of America Corp., which reported a big loss on mortgage litigation expense, managed to lift home-equity production even as overall originations moved lower.
Citi Production Tumbles, Delinquency Down
Mortgage originations have plummeted by more than 70 percent from a year ago at Citigroup Inc. and were down by more than a third from the prior quarter. But the lender improved performance on its mortgage portfolio.
Mortgage Originations Sink at Wells Fargo
New mortgage business tumbled to the lowest level in more than a decade at Wells Fargo & Co. A decline in junior lien holdings more than offset an increase in first mortgage assets.
MBS Issuance Slows to a Trickle at Ginnie
New business had already fallen to the lowest level in nearly six years at the Government National Mortgage Association, but last month it went even lower. Deterioration would have been deeper were it not for an uptick in jumbo and reverse mortgage issuances.
Annual Commercial Mortgage Originations Increase
With banks and multifamily originators leading the way, commercial mortgage production for the entire country was up by more than a fifth last year.
Top Commercial Mortgage Lenders
The annual ranking of commercial real estate lenders is out, and the largest CRE lenders are also the top residential lenders. Rankings were also presented by investor type.
Broad Improvement in CMBS Delinquency
Loan performance on securitized commercial real estate loans was better across all property types, though late payments on loans secured by office properties improved most.
Fannie Reports New 5-Year Low in Business
Secondary activity at the Federal National Mortgage Association declined to the lowest level in more than five years, as did the delinquency rate.
Freddie's New Business at 13-Year Low
It's been at least 13 years since secondary mortgage activity at the Federal Home Loan Mortgage Corp. has been this slow. Also declining was residential loan delinquency.