Mortgage Operating Metrics Improve Across the Board
Mortgage lenders managed to boost quarterly home loan originations while, at the same time, increasing the amount they earn per loan.
Mortgage Player Just Got More Significant
An investment fund that recently became a player in the world of mortgage banking has just made a huge acquisition that will boost its wholesale presence.
loanDepot 1st Half Closings Top Full-Year 2014
Residential lending activity for the first six months of this year at loanDepot LLC already exceeds what the company closed during all of last year.
Acquisitions Create Lending Giant
The mortgage subsidiary of The Blackstone Group LP has made several recent acquisitions that position it to be among the nation's largest non-bank home lenders.
Wholesale HECM Originations Accelerate
While monthly government-insured reverse mortgage originations from the retail channel were up, the increase for the wholesale channel was more substantial.
Fairway Independent Mortgage Originations Surge
Not only did Fairway Independent Mortgage Corp. lift its quarterly home lending activity from the prior period, its payroll expanded. Loan servicing, however, subsided.
Originations, Staffing Grow at Stearns Lending
Quarterly residential loan production grew at Stearns Lending Inc. Also expanding was the number of employees on staff at the lender.
Correspondent Drives Up Stonegate Mortgage Biz
Correspondent acquisitions more than offset a decline in wholesale production at Stonegate Mortgage Corp., pushing overall originations up by more than a fifth.
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.