Ocwen Discloses Possible CFPB Action
Ocwen Financial Corp. has revealed that it is working with the Consumer Financial Protection Bureau to avoid actions that could have a material impact on the company.
Arch M.I. Exhibits Robust Growth
Compared to one year earlier, quarterly business more than doubled, the book of business ballooned and defaults declined at Arch Mortgage Insurance Co.
Record New Business at Radian
Radian Group Inc. reported a record quarter for new business. In addition, the mortgage insurer's book of business expanded, and delinquency declined.
Ocwen's Earnings, Mortgage Originations Improve
Quarterly earnings and mortgage originations improved at Ocwen Financial Corp. Meanwhile, the mortgage servicing portfolio and staffing have been reduced.
Huntington's Mortgage Earnings, Originations Climb
Mortgage earnings and originations at Huntington Bancshares Inc. improved as mortgage assets and servicing were boosted by an acquisition.
Drop in Mortgage Applications Led by Purchases
The number of prospective home loan borrowers who submitted a new application fell last week, with applications from home buyers taking the biggest hit.
Mortgage Production, Servicing Up at Quicken Loans
In addition to a quarter-over-quarter and year-over-year increase in home lending, Quicken Loans Inc. expanded the size of its mortgage servicing portfolio.
Mortgage Bankers Raise Refi Outlook Over $250 Bil
Mortgage bankers have lifted their estimate of overall originations from last year through 2018 by more than $300 billion -- including an over $250 billion boost to refinances.
Correspondent Drives Up Flagstar's Home Lending
Acceleration in residential loan originations at Flagstar Bancorp Inc. was driven by its correspondent business. Elevated activity is likely to continue.