Regions Bank's Home Lending, Delinquency Improve
In Regions Financial Corp.'s mortgage business, earnings were lower and the servicing portfolio diminished. New originations and delinquency improved, however.
Q2 Mortgage Metrics Strong, HELOC Weak
Although quarterly mortgage debt outstanding ascended, home-secured credit lines contracted. As mortgage originations increased, lenders were more restrictive than a year ago.
Mortgage Originations Soar at Lake Michigan CU
In Lake Michigan Credit Union's mortgage business, loan production leapt, the servicing portfolio continued to grow, and the number people on the payroll expanded.
|Govt Leads Weekly Mortgage Business Up|
After retreating for three consecutive weeks, new mortgage business turned higher. Government business surged, and government share widened. The jumbo-conforming spread was trimmed.
Record Guild Mortgage Originations
Home lending increased at Guild Mortgage Co. to the highest level ever. Meanwhile, the size of the national staff and the residential loan servicing portfolio both increased.
FHA Endorsements Inch Up, Might Rise More
Monthly Federal Housing Administration business inched higher and might accelerate further. Delinquency turned sharply higher, and reverse mortgage production was the slowest it's been in four years. But commercial mortgage endorsements doubled.
Mortgage Originations Up at Finance of America
New quarterly mortgage business was better at Finance of America Holdings LLC. But the size of the company's servicing portfolio and staff was down.
Risk Rises On New Mortgage Originations
As quarterly home-lending moved lower, the risk of default on those newly originated mortgages deteriorated and now stands at its worst level in three years.
Ditech Originations Dip But Likely Turning Higher
Though quarterly originations softened at Ditech Holding Corp., an increase is underway for the current period. The servicing portfolio continued to shrink, as did reverse mortgage headcount. Losses subsided, but liquidity remains a huge concern.