Ocwen Originations Up, Servicing Sinks
While Ocwen Financial Corp. managed to grow its quarterly home-loan production, its mortgage servicing portfolio plunged and its domestic staffing subsided.
Provident Funding's New Mortgage Business Slows
New quarterly lending activity at Provident Funding Associates LP turned lower. As well, the servicing portfolio diminished, and staffing declined.
May Slows for Retail, Wholesale HECM Originators
Retail and wholesale originators of government-insured reverse mortgages suffered a slight setback in May, and the month proved to be no more productive for proprietary lenders.
Portal Lets Investors Pick Home Loans by TPO Source
A new portal promises to help mortgage brokers and loan correspondents improve profits while allowing investors to pick and choose individual loans.
Wholesalers Add FHA, VA and Non-QM Products
Wholesale mortgage lenders have been expanding their offerings recently, and government programs and non-QM programs were among the additions.
Wholesale HECM Business Up Even As Retail Drops
Although monthly production slowed at retail originators of government-insured reverse mortgages, wholesale reverse mortgage lenders saw an up tick.
Solid Growth at Stearns Lending
Stearns Lending Inc. has grown its mortgage servicing portfolio and expanded its staffing. Loan originations have more than doubled over the past year.
Secondary Gains Drive Up Mortgage Production Profits
A surge in secondary marketing gains helped push up how much mortgage bankers earned on their quarterly loan production.
Wholesaler Settles Charges of Discrimination
One of the nation's 25-largest lenders has settled allegations that minority borrowers were charged higher rates and fees on loans originated through its wholesale lending channel.
loanDepot On Pace to Double 2014 Production
Based on lending activity during the first three months of 2015 at loanDepot LLC, full-year mortgage production is on pace to nearly double 2014 volume.