Wholesale, Proprietary Reverse Originations Surge
Wholesale lenders pumped up the monthly volume on government-insured reverse mortgages, as did most of the top proprietary reverse lenders.
Multiple Firms Offering Conventional 97% LTVs
At least three mortgage bankers, including two wholesale lenders, have begun offering new conventional products with high loan-to-value ratios.
Mortgage Production Job Openings
Hundreds of production jobs in real estate finance are being filled across the country. Although most of the jobs are in retail, some wholesale positions are available.
Non-Agency Programs Expanded at Stonegate
Improvements to Stonegate Mortgage Corp.'s non-agency product menu include higher loan-to-value ratios and enhanced jumbo programs.
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.