Regions Bank's Home Lending, Delinquency Improve
In Regions Financial Corp.'s mortgage business, earnings were lower and the servicing portfolio diminished. New originations and delinquency improved, however.
Ditech Originations Dip But Likely Turning Higher
Though quarterly originations softened at Ditech Holding Corp., an increase is underway for the current period. The servicing portfolio continued to shrink, as did reverse mortgage headcount. Losses subsided, but liquidity remains a huge concern.
CashCall Charges Leave Impac With Huge Loss
A re-evaluation of of CashCall Inc.'s value has left Impac Mortgage Holdings Inc. with a huge loss as the company takes the consumer-direct channel in a new direction.
PHH Production Plummets, Delinquency Rises
Residential loan production volume has fallen to a small fraction of its year-earlier level at PHH Corp. Delinquency worsened, though the company cut its losses.
Gateway Mortgage Group Acquiring Bank
A small bank in Oklahoma is being acquired by a mid-sized mortgage banker in the same state. After the deal is done, the lender will become a subsidiary of the financial institution.
Mortgage Servicing, Originations Up at Citizens
Residential assets and servicing grew at Citizens Financial Group Inc. A quarter-over-quarter rise in home lending was accompanied by a drop in conforming share.
Zillow Acquiring $1 Billion Mortgage Originator
A company that originates in the range of $1 billion annually is being acquired by Zillow Group Inc. The deal is expected to create opportunities with real estate brokers.
Earnings, Servicing Increase at PennyMac
Earnings increased and servicing expanded at PennyMac Financial Services Inc. But originations were down from last year, and delinquency deteriorated.
Fannie's Earnings Up, Delinquency at Decade Low
Quarterly earnings at the Federal National Mortgage Association improved, as did secondary activity and serious mortgage delinquency.
Acquisition of Nationstar Completed
The previously announced acquisition of Nationstar Mortgage Holdings Inc. by the former parent of failed Washington Mutual Bank has been completed.