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.
HomeStreet's Mortgage Business Grows
Quarterly home-lending volume, mortgage earnings and residential loan servicing all increased at HomeStreet Inc., as did mortgage assets.
FHA Business Jumps to 1-Year High
Monthly government-insured mortgage production climbed to the highest level in more than a year and is poised for another increase. Residential delinquency, meanwhile, moved lower.
Mortgage Business Improves at Citizens Financial
|Refinances Lead Mortgage Activity Up
Refinancing activity led the way as new mortgage business bounced back from the holiday week. Year-over-year activity, especially refinance business, was solidly higher.
Home lending, mortgage earnings and residential assets all increased on both a quarter-over-quarter and year-over-year basis at Citizens Financial Group Inc.
Mortgage Earnings, Originations Up at SunTrust
Quarterly earnings from its mortgage business moved higher at SunTrust Banks Inc. An even more impressive improvement was made with production.