Finance of America's Home Lending Increases
In addition to lifting home lending on a quarter-over-quarter basis, Finance of America Holdings LLC managed to maintain mortgage production on a year-over-year basis.
Quarter-Over-Quarter Mortgage Gains at Fifth Third
|Jumbo Defies Weekly Mortgage Slump
Loan originators, except those who originate jumbo mortgages, were less busy this past week with residential lending activity. Home purchase financing took the biggest hit.
The volume of home-lending activity at Fifth Third Bancorp ascended from the previous quarter, as did mortgage income and the size of the servicing portfolio.
Q3 Mortgage Origination Forecast Lifted
Mortgage banking economists have improved their outlook for loan originations during the current quarter. Full-year expectations have risen for three months in a row.
Mortgage Originations, Servicing Up at SunTrust
In addition to lifting its quarterly home lending, SunTrust Banks Inc. grew its residential loan servicing portfolio. But mortgage earnings deteriorated.
New Business Surges at MGIC, Defaults Sink
As quarterly earnings increased at MGIC Investment Corp., new business improved and the share of insured loans that were past due turned lower.
BB&T Mortgage Earnings, Lending & Servicing Drop
Both on a quarter-over-quarter and year-over-year basis, a decline was recorded in mortgage earnings, originations and servicing at BB&T Corp. Company-wide income rose, though.
Mortgage Credit Tightens, FHA Loses Share to VA
Over the past year, there has been a shift in mortgage market share among government programs. Meanwhile, credit conditions contracted from the previous month.
Mortgage Earnings, Originations Up at U.S. Bank
A quarter-over-quarter improvement was reported by U.S. Bancorp for its residential loan originations and its mortgage revenues.