PennyMac Enters Wholesale As Home Lending Slumps
After three consecutive quarters of originations gains, PennyMac Financial Services Inc. ended its streak. But a move into wholesale lending could help upcoming production.
2015 HomeStreet Mortgage Lending Leaps, 2016 Higher
Annual home lending activity at HomeStreet Inc. soared 64 percent, and the projection for this year's mortgage production is for a further increase.
Mortgage Servicer Being Acquired
A mortgage servicer out of North Texas that recently disclosed more than a hundred planned layoffs is being acquired by a much larger player.
Mortgage Originations Falling at EverBank
Fourth-quarter mortgage originations were down at EverBank Financial Corp., and the first quarter is shaping up to see a further decline in loan production.
Citizens Quarterly Mortgage Lending Off, Annual Up
Quarterly mortgage production at Citizens Financial Group Inc. slowed again and could fall even further in the current quarter. Annual originations ascended, though.
United Guaranty IPO Ahead
American International Group Inc. has unveiled a planned overhaul of the organization that includes the sale of its mortgage insurance business.
Bigger TRID Hit at Flagstar From TPO
The chief of Flagstar Bancorp Inc. says third-party originations worsened the TILA-RESPA Integrated Disclosure Rule's impact.
Huntington Improves On Annual Mortgage Originations
As has frequently been the case during the current earnings season, quarter-over-quarter mortgage lending was down while annual activity was up at Huntington Bancshares Inc.
Mortgage Executives Find New Employers
A number of senior- and mid-level executive appointments have been recently made at mortgage firms. While depository financial institutions were involved in the latest round, so were non-banks.
SunTrust Mortgage Originations Down, Heading Lower
There was a quarterly nosedive in mortgage production at SunTrust Banks Inc., and upcoming business is likely to descend even further.