Mortgage Servicing, Staffing Grow at TMS
Not only did the mortgage servicing portfolio grow at The Money Source Inc., but the number of people working for the home lender increased. Annual originations, including wholesale and correspondent, are likely to fall.
Refis Push Up 2018 Mortgage Lending Outlook
A reduction in forecasted purchase financing this year was more than offset by an increase in expected refinances. But next year's boosted refinance outlook wasn't enough to cover the purchase cuts.
Refi App Volume Near Lowest of Millennium
As mortgage applications retreated this past week, refinance business slowed to the lowest level since nearly the turn of the century. Veterans share was the thinnest since at least last year.
USA Mortgage On Track to Maintain 2017 Lending
Based on residential loan production during the first three months of 2018 at USA Mortgage, the company is on track to keep up with last year's annual originations.
Mortgage Servicing Grows at HomeBridge
During the past few months, HomeBridge Financial Services Inc. has expanded its mortgage servicing portfolio. Staffing, though, has been reduced.
Mortgage Bankers See Continued Growth in Purchases
Despite industry-wide expectations of ongoing declines in refinance production, U.S. mortgage bankers see continued expansion ahead for the origination of loans to finance home purchases.
Mortgage Originations From Year Ago at Navy FCU
Navy Federal Credit Union managed to boost its quarterly home lending volume from a year ago. The firm's mortgage servicing portfolio continued to grow.
Mortgages Outstanding Up Despite Origination Drop
Although the volume of quarterly home lending has slowed, the balance of outstanding mortgages continued to expand. Loan performance, meanwhile, showed ongoing improvement.
CMBS Leads Year-Over-Year Rise in CRE Lending
Commercial real estate loans originated for securitizations saw the biggest year-over-year gain of any CRE investor type. Overall quarter-over-quarter results, though, were down.