Originations, Servicing and Income Up at Impac
As home-lending activity increased at Impac Mortgage Holdings Inc., so did the size of its mortgage servicing portfolio and the amount it earned.
CIT Takes Big Hit on Reverse Mortgage Business
CIT Group Inc., the firm now led by former Merrill Lynch chief John Thain, took a hit for hundreds of millions of dollars on its legacy reverse mortgages.
Conduit-Securitization Business Closing
An investment banking firm out of New York has decided to pull the plug on its mortgage loan conduit and securitization business.
Fifth Third Mortgage Originations, Assets Up
Quarterly home-lending jumped by half at Cincinnati-based Fifth Third Bancorp. Residential assets grew, and delinquency declined.
Ocwen Mortgage Originations Bounce Up
After falling to a four-year low, quarterly mortgage originations bounced higher at Ocwen Financial Corp. Servicing and staffing both saw a decline.
Mortgage Earnings, Originations Up at PrimeLending
Home lending picked up from the previous quarter and the year-previous period at PrimeLending. Mortgage income was strong for the bank-holding company.
Quarterly EverBank Home Lending Up a Third
Residential loan originations at EverBank Financial Corp. were up by more than a third on a quarter-over-quarter basis and are likely to keep pace this quarter.
Mortgage Business Grows at HomeStreet
In addition to a healthy improvement in home lending activity at HomeStreet Inc., mortgage servicing, staffing and earnings all expanded.
EverBank Negotiating Sale of Company
EverBank Financial Corp., which has its roots in the mortgage industry, has disclosed that it is negotiating to be acquired by a financial services company.
Flagstar Mortgage Originations, Servicing Grow
Flagstar Bancorp Inc. saw a quarter-over-quarter rise in home lending, and indicators point to continued gains. The mortgage servicing portfolio also increased.