US Jobs Report Weak, Mortgage Sector Revised Up
Although the number of jobs added in all American industries weakened last month, the government revised up its estimate of non-mortgage jobs for each month of last year.
Expansion Plans at PRMI
A new branch opening at Primary Residential Mortgage Inc. is expected to be followed by more than dozen more. In addition, dozens of hirings are planned.
Capital One Eliminating Dozens of Mortgage Jobs
As it streamlines its home lending operations, Capital One Financial Corp. is reducing the size of its staff at a Delaware location.
Nearly 600 Mortgage Jobs Cut by Wells Fargo
Improving loan performance and weak demand for new home loans has Wells Fargo & Co. laying off nearly 600 mortgage employees.
PennyMac Enters Wholesale As Home Lending Slumps
After three consecutive quarters of originations gains, PennyMac Financial Services Inc. ended its streak. But a move into wholesale lending could help upcoming production.
2015 HomeStreet Mortgage Lending Leaps, 2016 Higher
Annual home lending activity at HomeStreet Inc. soared 64 percent, and the projection for this year's mortgage production is for a further increase.
Fairway Independent Mortgage Originations Double
Last year's new home lending at Fairway Independent Mortgage Corp. was nearly double the level of lending in 2014. Staffing and servicing also grew.
Stonegate Reduces Headcount as Originations Sink
Quarterly residential lending activity turned sharply lower at Stonegate Mortgage Corp., as did the size of the mortgage banker's staff.
Mortgage Servicer Being Acquired
A mortgage servicer out of North Texas that recently disclosed more than a hundred planned layoffs is being acquired by a much larger player.
Chase Mortgage Servicing Layoffs in Wisconsin
More than a hundred jobs in Wisconsin created to handle distressed home loans are being eliminated by JPMorgan Chase & Co. as loan performance improves.