New Business Soars at United Guaranty
New business, outstanding policies and delinquency all improved at United Guaranty -- though earnings at the mortgage insurer and its parent deteriorated.
CIT Acquisition of OneWest a Done Deal
The company that formerly operated as IndyMac Bank FSB has been taken over by a company run by the former head of Merrill Lynch.
First Republic Bank's Mortgage Originations Soar
Quarterly home lending activity at First Republic Bank was up by nearly half. Also increasing was the servicing portfolio and income.
Ocwen Originations Up, Servicing Sinks
While Ocwen Financial Corp. managed to grow its quarterly home-loan production, its mortgage servicing portfolio plunged and its domestic staffing subsided.
Home Lending, Servicing Up at Nationstar
Mortgage production and servicing were up at Nationstar Mortgage LLC, and company-wide earnings made a big turn-around.
EverBank's Home Lending Rises, Servicing Falls
Quarterly home lending activity picked up at EverBank Financial Corp. Despite an increase in residential assets, the total servicing portfolio was down as the company sold off mortgage servicing rights.
Flagstar Mortgage Production, Servicing Grow
Quarterly home loan originations picked up at Flagstar Bancorp Inc. In addition, the financial institution's mortgage servicing portfolio expanded.
Mortgage Firms Bolster Executive Ranks
The nation's real estate finance sector has been busy building its management ranks. Several of the appointed executives previously worked at units of Bank of America Corp.
Warehouse Lender Expands Into Correspondent
A warehouse lender out of the Lone Star State has disclosed that it has opened up a correspondent lending division.
Huntington's Mortgage Biz Gains Across the Board
Residential mortgage origination volume and servicing grew at Huntington Bancshares Inc., while the company also yielded higher quarter-over-quarter mortgage earnings.