Solid Quarter at Genworth M.I.
|New Mortgage Refinance Business Plunges
New refinance business took a dive this past week, driving down overall new mortgage activity in the process. Adjustable-rate mortgage activity ascended, though.
Despite a dip in new business at Genworth Mortgage Insurance Corp., income improved, the book of business grew and delinquency declined.
Sharp Seasonal Decline in CRE Lending
Commercial real estate loan production took a sharp turn lower during the first-three months of this year -- though the decline was seasonal.
Huge Ocwen Loss as Originations, Servicing Off
Quarterly home lending slipped at Ocwen Financial Corp. but is likely way up for the current period. The company reported a huge loss, while servicing subsided.
New Business, Losses Down at National MI
National Mortgage Insurance Corp. cut its losses in the latest quarter. But the mortgage insurance company also saw a reduction in its new business.
EverBank Home Lending Drops, Could Bounce Up
Like most home lenders so far this earnings season, quarterly mortgage originations declined but could rise based on new application volume at EverBank Financial Corp.
New Business, Book Down at Radian
The quarterly amount of new insurance written was down at Radian Guaranty Inc., as was its book of business. But delinquency improved.
FHA Applications Jump
Despite a drop in home loan applications for both refinancing and purchase financing, there was a notable increase in government-insured applications.
HomeStreet Origination Slip, Servicing Up
Residential loan originations during the first quarter declined from the final-three months of last year at HomeStreet Inc. But the servicing portfolio grew.