Correspondent Originations Surge at SunTrust
Even though residential loan production was down for the retail channel, SunTrust Banks Inc.'s correspondent acquisitions jumped by a third -- pushing overall originations up.
5th 3rd Ekes Out Gain in Mortgage Originations
Fifth Third Bancorp reported a small quarterly gain in residential loans production. Its mortgage investment portfolio grew, but its servicing portfolio was off.
Mortgage Losses Widen at BofA
An increase in new home lending at Bank of America Corp. wasn't enough to offset the cost of a recent massive settlement with the government.
Canadian AMC Acquires US AMC
An appraisal management company out of Canada has taken an interest in an AMC in the United States with plans for a major American expansion.
Mortgage Closings Climb at Citi
Citigroup Inc. increased mortgage production, grew its domestic real estate lending portfolio and improved earnings. Legacy mortgage assets were reduced, as was its servicing portfolio.
Wells Fargo Mtg Originations Flat, Delinquency Up
Residential loan production moved minimally higher at Wells Fargo & Co. But performance deteriorated on mortgages in both its servicing portfolio and investment portfolio.
Chase Correspondent Mortgage Production Soars
Home loan originations shot up by a quarter at JPMorgan Chase & Co., though business remained down by nearly half from a year earlier. Correspondent acquisitions drove the increase and are likely to offset a fourth-quarter decline in retail originations.
Low Income Groups Try to Block OneWest Sale
An acquisition of the company formerly known as IndyMac Bank FSB is being challenged by low-income groups that say the bank only caters to the 1 percent.
Mortgage Firms Refine Executive Ranks
Several mid-sized mortgage companies have recently made a number of appointments to their management teams. There's been plenty of action at smaller firms too.
Top-10 HECM Lender Calling It Quits
A company that is among the 10 largest producers of government-insured reverse mortgages has disclosed plans to exit originations.