Mortgage Fraud Risk Rises, Could Climb Higher
A growing share of purchase-money and wholesale lending has helped to push up the risk of mortgage fraud. Also contributing were jumbo refinances.
Non-Banks Grab Mortgage Market Share from Banks
Over the past year, the nation's banks have given up mortgage market share to non-bank home lenders. Credit union share also widened.
Lower Staff Costs Help Mortgage Production Income
A decrease in employee expense was behind a quarter-over-quarter improvement in mortgage production earnings. But there was year-over-year deterioration.
New Wholesale Mortgage Lender Launches
An established retail home lender operating from New York state has launched a wholesale division to do business with mortgage brokers.
Mortgage Production Reports Vary Widely
Reports of mortgage production continue to roll in -- with some home lenders achieving new milestones, ranking at the top of their local markets or giving up on the business.
Investment Firm Acquires Wholesale Mortgage Lender
A private investment firm has has taken an interest in a Silicon Valley wholesale mortgage lender, enabling a geographic expansion and entry into new lending channels.
Impac's Year-Over-Year Lending, Earnings Tumble
Impac Mortgage Holdings Inc.'s servicing portfolio has more than doubled over the past year. But year-over-year deterioration was reported for quarterly earnings and originations.
Fairway's Staffing, Servicing & Lending Expand
In addition to growing the size of its servicing portfolio and expanding its human resources, Fairway Independent Mortgage Corp. saw quarterly loan originations soar.
PennyMac Lending Rises, Launching Broker Channel
PennyMac Financial Services Inc. sees opportunity in mortgage brokers and is about to launch a broker business. Quarterly originations increased as earnings declined.
Alexa Helps Mortgage Brokers w/Pipeline Management
A wholesale mortgage lender is providing its mortgage-broker clients with hands-free access to current information about their loan pipelines.