Impac Mortgage Originations More Than Double
Impac Mortgage Holdings Inc. expanded its wholesale sales staff and acquired a retail origination business -- helping it to more than double quarterly loan production.
BB&T Home Lending Sees Tight Gains
While home loan production squeaked by prior quarterly results, pre-tax mortgage banking earnings took a hit at BB&T Corp. The mortgage servicing portfolio also fell.
Mortgage Earnings Soar at Huntington
Quarterly mortgage production nudged higher at Huntington Bancshares Inc. Far more impressive was the 64 percent surge in quarter-over-quarter mortgage earnings.
MSRs on Over $3 Billion in Loans Change Hands
The parent of Reverse Mortgage Funding LLC is acquiring mortgage servicing rights on more than $3 billion in loans.
Refis Drive Up Mortgage Originations at Regions
While purchase mortgage financing dropped, a rise in refinancing moved total home lending activity higher at Regions Financial Corp.
Fifth Third Mortgage Production Rises
Home loan activity jumped ahead at Fifth Third Bancorp. Meanwhile, the size of the financial institution's servicing portfolio shrank.
Citi Originations Rebound
First-quarter home lending gained ground at Citigroup Inc., and the forward momentum is likely continuing into the next earnings period. The servicing portfolio, however, was scaled back.
PNC Mortgage Lending and Servicing Rise
Mortgage business blossomed for The PNC Financial Services Group Inc. Loan production increased, the servicing portfolio grew and delinquency declined. While mortgage earnings swung to a profit, residential assets retreated.
BofA Mortgage Originations Increase
Despite a drop in home-equity loan production, new mortgage lending surged at Bank of America Corp. -- gaining for the fourth consecutive period. As was the case in the prior quarter -- servicing, assets and staffing decreased.
Mortgage Management Moves Involve GSE, TX Execs
Among recent management moves at home finance firms is a current government-sponsored enterprises executive, a former GSE executive and a pair of Texas mortgage executives.