Flagstar Reduces Size of Mortgage Business Residential loan production declined at Flagstar Bancorp Inc. as mortgage assets were reduced and mortgage staffing was trimmed. While the servicing portfolio expanded, it was still far leaner than a year ago.
Mortgage Business Falls Below $1 Billion at Regions Regions Financial Corp.'s home lending business fell below $1 billion for the first time since Mortgage Daily began tracking its originations. Loan performance improved except for on investor commercial mortgages.
Ocwen Probed Over Fees to Related Company Ocwen Financial Corp. is being probed by New York's banking regulator over potentially excessive fees being earned by a related company at the expense of borrower and investors.
Several Executives Land New Jobs at Mortgage Firms Many of the latest executive appointments in real estate finance were mid-level managers at mid-sized lenders, servicers and wholesalers. Experience for most of today's leaders is measured in decades.
Mortgage Business Contracts at Fifth Third Quarterly mortgage originations geared down at Fifth Third Bancorp, while the servicing portfolio was reduced and home loan assets were cut.
Former Officials of Failed $2.7 Billion Bank Sued Former directors and officers of a failed $2.7 billion bank are being sued for loans they made and rules they broke while at the helm of the financial institution.
BB&T Mortgage Unit Turns In Respectable Results Residential loan originations may have been down, but BB&T Corp. grew its servicing portfolio, increased its mortgage investments and lowered its delinquency.
AMC Giant Acquired An appraisal management company that claims to be among the biggest of its kind has been acquired by an insurance product provider.
Mixed Mortgage Metrics at Huntington Although mortgage earnings and originations were weaker at Huntington Bancshares Inc., the mortgage servicing portfolio expanded, residential assets increased, and delinquency declined.
C F P B Compliance Relief
Control Solutions International is helping mortgage firms and banks maintain compliance with an array of new C F P B rules. story | www.ControlSolutions.com | email | 888.902.8348 x 8102
Corporate Mortgage News M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.
Mortgage Banking Consultants
Mergers & acquisitions, broker-to-bank transitions & accounting are among the services offered by Mortgage Banking Solutions. www.mortgagebankingsolutions.com
Bank Search Review financial statements for all FDIC-Insured Institutions.
Mortgage Industry Directory Profiles of mortgage bankers. Production data, servicing portfolio size and senior executives.
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