U.S Bank Grows Mortgage Servicing Portfolio
Quarterly lending might have slipped at U.S. Bancorp, but the financial institution did manage to increase the size of its third-party mortgage servicing portfolio.
M.I. Firm Specializes in Non-Agency
A new mortgage insurance company is focusing on loans that aren't subject to the requirements of Fannie Mae or Freddie Mac.
Ongoing Obstacles for Ocwen
While a consent order reduces the threat of losing its California license, Ocwen Financial Corp. still has several hurdles to overcome.
BBT's Mtg Income Up, Originations and Servicing Off
Home lending slowed, and the mortgage servicing portfolio retreated at BB&T Corp.. Still, the company increased pre-tax earnings from mortgage banking.
Chicago Bank is 2nd Failure in 2015
Several cease-and-desist orders had been issued against a Chicago bank before it was seized last week by state and federal banking regulators.
Fifth Third Mortgage Business Reduced
In addition to slowing its home lending volume, Fifth Third Bancorp cut its mortgage assets and reduced the size of its serving portfolio.
SunTrust Mtg Earnings, Originations and Servicing Up
Home lending activity expanded at SunTrust Banks Inc., while the residential loan servicing portfolio grew and mortgage earnings improved.
Purchase Originations Off, Delinquency Up at PNC
Quarterly production of home purchase financing at The PNC Financial Services Group Inc. declined. In addition, mortgage earnings turned negative, and delinquency deteriorated.
Half-Century Old Bank Fails
Federal banking regulators seized a small financial institution in the Florida Panhandle that was more than a half-century old
Originations Off at Citi, Further Decline Likely
Home lending activity slipped at Citigroup Inc., and the slide appears likely to have continued into the current quarter. Earnings deteriorated on legal expenses.