Mortgage Business Shrinks at Citi
In addition to a quarterly and annual decline in home lending, Citigroup Inc. reduced its mortgage servicing portfolio and residential investments.
Mortgage Originations Fall at U.S. Bank
Quarterly home lending activity retreated from the previous period at U.S. Bancorp. In addition, new applications taken point to a further slowdown this quarter.
Mortgage Refinance Applications Outpace Purchases
While weekly home-purchase activity descended, an increase in mortgage refinance business led overall residential loan application volume higher.
Freddie Drives GSE Refinances to 3-Year High
Refinances of Federal Home Loan Mortgage Corp. loans drove overall government-sponsored enterprise volume to the highest level in three years.
HomeStreet Hurt by Market Forces, Settles w/SEC
HomeStreet Inc. revealed a small settlement with the Securities and Exchange Commission and said income was disrupted by the mortgage market.
Home Lending Slows at PNC
A quarter-over-quarter slump in mortgage lending at The PNC Financial Services Group Inc. was met with annual production that managed to keep up with the prior year.
First Republic Grows Mortgage Business
BofA 2016 Mortgage Originations Beat 2015
Mortgage production, servicing and assets at First Republic Bank all increased on a quarter-over-quarter and year-over-year basis.
More residential loans were originated last year at Bank of America Corp. than in the prior year. A quarterly improvement was also made by the home lender.