Servicer Income, Portfolios Up Despite Lower Efficiency
Non-bank servicers of residential loans managed to grow their servicing portfolios and income despite a decline in efficiency per employee.
Mortgage Operating Metrics Improve Across the Board
Mortgage lenders managed to boost quarterly home loan originations while, at the same time, increasing the amount they earn per loan.
Mortgage Bankers Report Improved Originations
The results are in, and the second quarter was a solid period for residential lenders -- with many reporting double-digit quarterly increases.
Busy Pace of Mortgage M&As Continues
Along with a host of larger mortgage mergers and acquisitions that have been recently announced, several smaller deals have closed.
All Aspects of Freedom Mortgage's Business Grow
Originations accelerated at Freedom Mortgage Corp., while the residential loan servicing portfolio grew and its mortgage staffing expanded.
Mortgage Service Provider Cutting Colorado Jobs
Hundreds of positions are being eliminated next month at a Colorado company that provides a variety of services to the home-lending industry.
4th Fastest Growing Mortgage Firm Earns $500 Mil
While there were no mortgage-related companies among the nation's 100 fastest-growing private firms, there was a quartet that ranked among the top 1,000 -- one with revenues exceeding a half billion dollars.
loanDepot 1st Half Closings Top Full-Year 2014
Residential lending activity for the first six months of this year at loanDepot LLC already exceeds what the company closed during all of last year.
Movement Mortgage Originations Strong, Staff Grows
Quarterly mortgage lending at Movement Mortgage LLC has nearly doubled compared to a year earlier. Staffing has also been growing.
Wells Fargo Names New Head of Home Lending
The head of the largest residential lender in the United States is calling it a day and will be replaced by a Harvard alumnus.