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.
CashCall Charges Leave Impac With Huge Loss
A re-evaluation of of CashCall Inc.'s value has left Impac Mortgage Holdings Inc. with a huge loss as the company takes the consumer-direct channel in a new direction.
Earnings, Servicing Increase at PennyMac
Earnings increased and servicing expanded at PennyMac Financial Services Inc. But originations were down from last year, and delinquency deteriorated.
Flagstar's Home Lending Jumps, Servicing Grows
Home-lending volume jumped at Flagstar Bancorp Inc., and it's likely a further ascension is ahead. Also increasing were headcount, servicing and commercial mortgages. But mortgage revenues were off from a year earlier.
Banks Take Mortgage Market Share from Non-Banks
Quarterly home-lending actually moved higher on a year-over-year basis. Over that same period, non-banks have given up market share to banks.
Mortgage Servicing, Staffing Grow at TMS
Not only did the mortgage servicing portfolio grow at The Money Source Inc., but the number of people working for the home lender increased. Annual originations, including wholesale and correspondent, are likely to fall.
Mortgage Servicing Grows at HomeBridge
During the past few months, HomeBridge Financial Services Inc. has expanded its mortgage servicing portfolio. Staffing, though, has been reduced.
Impac Servicing Grows, MSR Losses Swing to Gain
As Impac Mortgage Holdings Inc. has grown its servicing portfolio over the past year, it has turned losses on mortgage-servicing rights into gains. Originations declined, and layoffs are ongoing.
Branded Mobile App for Mortgage Brokers
Mortgage brokers can now have their own branded application for mobile devices without having to make technology investments.
Servicing Earnings, Portfolio Up at PennyMac
Earnings from mortgage production were down at PennyMac Financial Services Inc. as originations fell. But servicing income strengthened as the portfolio grew.