New Mortgage Production Chief at Wells Fargo
The country's biggest home lender has appointed an insider as the new chief of its mortgage production division.
Walter Consolidates Business Units
Walter Investment Management Corp. said that it has completed the consolidation of its loan origination and mortgage servicing businesses.
Record Bank Earnings, Soaring Mortgage Originations
Quarterly home lending activity was up by more than a fifth at U.S. banks, while earnings soared to an all-time high.
Stonegate Chief Out
The founder and chief executive officer of one of the 20-largest home lenders in the country is resigning his post.
RBC Found Liable in Thornburg Case
A unit of Royal Bank of Canada has been been found liable for $45 million in a lawsuit filed on behalf of the now-defunct Thornburg Mortgage Inc.
Nationstar Giving $30 Mil to Distressed Borrowers
Nationstar Mortgage is providing $30 million to borrowers on distressed home loans in an agreement tied to financing for a new $500 million basketball arena.
Walter Affiliate Acquires MSRs on $3 Bil in Loans
Mortgage servicing rights on more than $3 billion in government-sponsored enterprise loans have been acquired by an entity related to Walter Investment Management Corp.
Owner of Former VA Mortgage Lending Giant Sued
The owner of a closed mortgage firm has been added to a federal whistleblower lawsuit accusing the company of overcharging veterans and defrauding the government.
Servicer Income, Portfolios Up Despite Lower Efficiency
Non-bank servicers of residential loans managed to grow their servicing portfolios and income despite a decline in efficiency per employee.
Mortgage Operating Metrics Improve Across the Board
Mortgage lenders managed to boost quarterly home loan originations while, at the same time, increasing the amount they earn per loan.