Bank Employment and Mortgage Originations Decline
The number of federally insured banks in business continued to diminish -- as did mortgage originations, assets and employees. Earnings and commercial mortgage holdings, however, grew.
loanDepot Originations at Stronger Pace Than 2013
The pace of home lending at loanDepot LLC is well above last year's level, and an upcoming acquisition is likely to drive activity even higher next year.
HECM Originations Stronger Than Proprietary Biz
While reverse mortgage volume edged higher on a monthly basis, the gain in proprietary activity was far less than with government-insured business. The disparity carried over into year-over-year performance.
Provident Funding's Lending, Servicing and Staffing Slip
Quarterly originations inched downward for Provident Funding Associates LP in quarter-over-quarter comparisons thanks to correspondent lending. Servicing and staffing totals also saw leaner figures.
Across The Board Growth at Stonegate Mortgage
Quarterly home lending volume increased at Stonegate Mortgage Corp., as did the company's mortgage servicing portfolio and total staffing.
The Mobile Mortgage Factor
Among companies to recently enhance their mobile offerings are a wholesale lender, a valuation technology firm and a mortgage insurance company.
Proprietary Reverse Mortgage Originations Tumble
While government-insured reverse mortgage originations have recently been subsiding, the decline has been more pronounced with proprietary production.
Mortgage Broker Cooperative Launches
A new cooperative targeted at mortgage brokers promises to improve access to wholesale lending programs while streamlining the origination process for wholesale lenders.
Mortgage Lenders Lift Originations, Earnings
As residential loan originations at independent mortgage bankers moved higher, production earnings swung back into the black. But originations and earnings fell short of a year earlier.
Retail, Wholesale HECM Channels Both Off in June
A monthly drop in federally insured reverse mortgage production impacted retail and wholesale channels alike. Overall business has since moved higher.