Flagstar CEO Running Mortgage Business
The chief executive officer of Flagstar Bancorp Inc., himself, is jointly running the bank's mortgage banking business until a permanent replacement is found, the earnings report said.
MBS Issuance at Ginnie Lowest in 1 Year
Issuance at the Government National Mortgage Association has diminished for three consecutive months and is the lowest it's been in 12 months.
SunTrust Mortgage Originations Sink, Servicing Up
SunTrust Banks Inc. saw a bigger quarter-over-quarter decline in home lending than many of its peers. But its mortgage servicing grew.
Mortgage Originations, Assets Down at Citizens
Although mortgage production and assets fell from the previous quarter at Citizens Financial Group Inc., both were up from a year earlier.
Mortgage Servicing Up at Huntington, Assets Off
A quarter-over-quarter decline was recorded for mortgage originations and assets at Huntington Bancshares Inc. But the firm boosted the size of its servicing portfolio.
US Bank's Mortgage Investments, Servicing Grow
As has typically been the case for home lending in the first quarter of this year, volume was lower at U.S. Bancorp. But its residential investments and servicing portfolio grew.
Housing Permits, Completed Construction Increase
Multifamily activity drove up the rate of building permits last month, while one-unit properties lifted the rate of completed construction.
Mortgage Earnings Sink, Originations Off at BofA
Pre-tax earnings were up on a quarter-over-quarter and year-over-year basis at Bank of America Corp., though not at its mortgage business.
PNC Mortgage Production Tumbles, Servicing Up
Compared to the prior quarter, residential lending turned sharply lower at The PNC Financial Services Group Inc. The servicing portfolio grew, though.
Wells Fargo's Home Lending Sinks
Quarterly mortgage originations tumbled on a quarter-over-quarter basis at Wells Fargo & Co. and could retreat even further. Still, mortgage income held up relatively well.