Retail HECM Originations Up Despite Wholesale Drop
Although wholesale lenders scaled back government-insured reverse mortgage originations, retailers made a gain. Urban Financial Group led monthly proprietary activity.
Mortgage Originations Soar at Provident Funding
New business was jump-started at Provident Funding Associates LP. The lender, however, trimmed staffing and cut the size of its servicing portfolio.
Wholesale Lending Spikes at Fairway
Fairway Independent Mortgage Corp. saw quarter-over-quarter growth in home lending, residential servicing and mortgage staffing. Wholesale lending was up by nearly three-fourths.
Wholesale Originations Jump at Ocwen
Home lending inched higher at Ocwen Financial Corp., and the current quarter could be even better. Wholesale lending drove the recent rise.
Stonegate Production Hurt By Correspondent
For the second time in a row, quarterly mortgage production fell at Stonegate Mortgage Corp., with the most-recent drop due to slowing correspondent business. Servicing and staffing also declined.
Wholesale HECM Production Up as Retail Slides
Although the monthly origination of government-insured reverse mortgages slowed through the retail channel, a modest gain was posted on the wholesale side.
Annual Mortgage Earnings Worse as Originations Drop
As home loan production slowed last year, annual earnings at independent lenders sank. Factored into worse earnings were higher per-loan staffing costs.
Conferences Address MSRs, Wholesale and Reverse
A bouquet of conferences and workshops will bloom throughout March, into April and beyond. With topics that include servicing rights, wholesale lending and reverse mortgages -- mortgage professionals have their pick of subject matter.
The Wholesale Mortgage Wire
One wholesale mortgage lender has upgraded its technology, while another has launched a reverse mortgage product lineup. A consultant is helping wholesalers beef up their businesses.
Wholesale Reverse Originations Off as Retail Rises
Retail originators of government-insured reverse mortgages pushed monthly activity higher, while business slowed at wholesalers.