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.
Year-Over-Year Gain in Flagstar Home Lending
With the help of a recent acquisition, Flagstar Bancorp Inc. was able to make a year-over-year gain in mortgage originations. Ongoing reductions continued, though, for the primary servicing portfolio.
Growing Non-QM Wholesaler Adding TX Staff
A wholesaler that has capitalized on the origination of loans that don't meet the requirements for Qualified Mortgages has opened a new Texas facility with plans to hire dozens of new employees.
Management Shakeup As Impac Swings to Loss
Earnings swung to a loss at Impac Mortgage Holdings Inc., and the company's chief is out. Retail lending led a plunge in originations even as non-QM business soared. Annual wholesale lending was down.
Churchill Mortgage Adds Wholesale Originations
Home lending activity turned lower at Churchill Mortgage Corp., as did headcount. The company has started reporting originations through the wholesale channel.
Brokers Drive Up Banks' Mortgage Market Share
Home lending retreated last year. Non-banks lost quarterly market share to financial institutions as a surge in quarterly wholesale lending drove up banks' share.