Credit Unions Gain Mortgage Market Share
As the quarterly volume of residential loan production sank, credit unions successfully captured a bigger piece of the U.S. mortgage market.
Integrations Enhance Mortgage Pricing Engines
Recent enhancements to product eligibility and pricing engines include integrations with mortgage insurance companies and customer relationship management providers.
New Wholesaler Offers Conventional, Gov and Non-QM
A newly launched wholesale lending program will provide third-party originators with access to conventional products, government loans and reverse mortgages.
Mortgage Production Income Plunges
As independent mortgage bankers' quarterly lending slowed, income tumbled. Impacting earnings were personnel and direct-production expenses.
New Correspondent Program Launches
A new correspondent lending program that has been launched promises the benefits off correspondent lending without the associated risk.
New Tenants for Mortgage C-Suites, Boards
Free agency in single-family lending is in full swing, and moves have been made in the boardroom, C-Suites and mid-level management offices.
Impac Mortgage Originations Plummet by Half
Home lending at Impac Mortgage Holdings Inc. turned sharply lower -- plunging by half from the previous period. The servicing portfolio, though, grew.
Loss, Lower Originations at Stonegate Mortgage
In addition to swinging to a quarterly loss, Stonegate Mortgage Corp. saw a big downturn in its single-family lending volume.
New Mortgage Wholesaler Emerges
A newly launched wholesale mortgage lender hopes to stand out in the sector with new technology that streamlines the production process.
Banks' Non-QM Share Drops as 3rd Party Share Up
Loans that didn't meet Qualified Mortgage requirements accounted for a much smaller share of bank originations last year. But third-party and first-time homebuyer share widened.