Buyer Found for PHH's Jacksonville PLS Unit
A buyer has emerged for PHH Mortgage Corp.'s private-label services operation that is located in Jacksonville, Florida.
PHH Mortgage Fundings Fall, Losses Balloon
Quarterly losses at the parent of PHH Mortgage soared past $200 million as home-lending volume fell. The company is transitioning into a smaller business.
HomeBridge Closes on Prospect Acquisition
With the closing of an acquisition announced last year, two mortgage banking firms have combined to create one of the nation's 20-largest lenders.
Large Northeast Credit Union Fails
A federally insured credit union that is operating in the Empire State with nearly $2 billion in assets has gone belly up.
Acquisition Creates No. 4 Correspondent Originator
With an acquisition deal negotiated, Flagstar Bancorp Inc. will be able to claim the title of the fourth-largest correspondent mortgage originator.
Investments Made in Mortgage Firms
Deals have been negotiated, and some closed, to acquire residential lenders. In addition, capital investments have been made in some mortgage firms.
Chicago Bank is 2nd Bank Failure of 2017
The demise of a Chicago bank was the second bank failure this year. Another recent casualty was that of the seventh-largest reverse mortgage originator.
Home Point Making Major Mortgage Acquisition
Home Point Financial Corp., which has already recently made multiple mortgage investments, has agreed to acquire a publicly traded lender.
EverBank's Home Lending Down, to Drop More
Mortgage originations at EverBank Financial Corp. tumbled during the final-three months of last year and are likely down further in the current quarter.
HomeStreet Mortgage Staff, Servicing Up
HomeStreet Inc.'s residential servicing portfolio and mortgage staffing expanded. But quarterly home lending activity slipped and is likely to fall further.