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.
PNC Mortgage Production and Delinquency Down
Residential loan production, mortgage assets and home loan delinquency were all lower at The PNC Financial Services Group Inc. Mortgage earnings, meanwhile, swung to a loss.
Delinquency Better as US Bank Originations Worse
U.S. Bancorp managed to bring down residential delinquency levels but was unable to overcome an industry-wide slump in mortgage production.
HEL Business Continues Higher at BofA
Bank of America Corp., which reported a big loss on mortgage litigation expense, managed to lift home-equity production even as overall originations moved lower.
|2014 Is Year of Mergers for Mortgage Firms
Although the number of mortgage-related casualties has significantly declined this past year, wholesale lenders are disappearing at a brisk pace. Meanwhile, mortgage mergers are on the rise.