Flagstar Fundings Up, Mtg Assets and Servicing Off
The mortgage servicing portfolio and residential lending assets shrunk at Flagstar Bancorp Inc., but home loan originations expanded.
Correspondent Originations Surge at SunTrust
Even though residential loan production was down for the retail channel, SunTrust Banks Inc.'s correspondent acquisitions jumped by a third -- pushing overall originations up.
5th 3rd Ekes Out Gain in Mortgage Originations
Fifth Third Bancorp reported a small quarterly gain in residential loans production. Its mortgage investment portfolio grew, but its servicing portfolio was off.
Mortgage Losses Widen at BofA
An increase in new home lending at Bank of America Corp. wasn't enough to offset the cost of a recent massive settlement with the government.
Community Banks Spend More to Be Compliant
The cost for community banks to keep up with regulatory changes rose over the past quarter thanks to increased labor costs. Costs have fallen, however, over the prior year.
Mortgage Closings Climb at Citi
Citigroup Inc. increased mortgage production, grew its domestic real estate lending portfolio and improved earnings. Legacy mortgage assets were reduced, as was its servicing portfolio.
BofA 2014 Texas Layoffs Surpass 600
A new round of job cuts at Bank of America Corp. has pushed Lone Star State mortgage layoffs past 600 for this year.
Wells Fargo Mtg Originations Flat, Delinquency Up
Residential loan production moved minimally higher at Wells Fargo & Co. But performance deteriorated on mortgages in both its servicing portfolio and investment portfolio.
Chase Correspondent Mortgage Production Soars
Home loan originations shot up by a quarter at JPMorgan Chase & Co., though business remained down by nearly half from a year earlier. Correspondent acquisitions drove the increase and are likely to offset a fourth-quarter decline in retail originations.
Mortgage Rates Drop, Could Fall More
A nice improvement was made on fixed mortgage rates this past week, and another improvement is possible by the next report.