Mortgage Originations, Servicing Down at Chase
Mortgage income was down at JPMorgan Chase & Co., which doesn't expect much impact from the new tax law. Home lending and servicing declined.
Wells Fargo Earnings, Home Lending Down
Despite a surge in refinance share, quarterly and annual mortgage originations at Wells Fargo & Co. were lower, and a further decline is likely. Earnings also deteriorated. Headcount declined.
5 Mortgage Firms Recognized Among Best Employers
The latest rankings of best employers are in, and five mortgage organizations made the cut. Also among firms recognized was a compliance service provider and a trade group.
Home Equity Business Grows at CA Credit Unions
Despite a tumble in first-mortgage production at California's credit unions, outstandings grew. Home-equity production and outstandings, however, jumped. Staffing also grew.
The Money Source Expanding Staffing, Servicing
A complete makeover planned at The Money Source Inc. will be accompanied by substantial expansion of its staffing and mortgage servicing portfolio.
3rd Month in Row of Mortgage Job Losses
Amid a relatively weak U.S. jobs report, the number of non-bank mortgage jobs retreated for the third consecutive month.
Originations Hold Up at Churchill Mortgage
New quarterly business was slightly better at Churchill Mortgage Corp. But the number of people on the payroll and the balance of loans serviced diminished.
Hirings Planned for Movement Mortgage
Expansion plans for Movement Mortgage LLC's headquarters has the fast-growing company adding hundreds of new employees in the upcoming years.
Former Exec Sues Guaranteed Rate
A former executive who was sued by Guaranteed Rate Mortgage has counter-sued the company alleging senior executives manipulated gain-on-sale revenues to avoid paying him the full amount owed to him.
New American Funding Among Best OC Employers
In Orange County, California, New American Funding was recognized as one of the best employers. The company's chief executive officer talked about their success.