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.
Morgan Stanley Settles RMBS Claims
Morgan Stanley & Company LLC has agreed to settle its alleged role in the failure of three federally insured banks that closed between 2009 and 2011.
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.
Despite Quarterly Tumble, BBT 2015 Home Lending Up
Though BB&T Corp. saw quarterly mortgage lending sink, full-year activity bested its prior-year counterpart. The residential loan servicing portfolio also thinned.
Mortgage Servicer Cutting Texas Jobs
Over a hundred mortgage servicing jobs in North Texas are impacted by an office closing, and it's not yet clear if the employer will remain open.
BankUnited Exits Retail Mortgage Originations
BankUnited Inc. has made a decision to stop originating residential loans, and the level of loan volume played a role.
Ditech Dumping Branch Originations
The retail branch system at Ditech Financial LLC is being dismantled as the lender focuses its efforts on other origination channels.
Credit Union Failures Up Despite Overall Decline
Although the number of mortgage-related entities to close or fail this year fell to the lowest level in a decade, credit union failures increased.
Wisconsin Mortgage Firm Acquired
A mortgage banker operating from Missouri has purchased a smaller mortgage firm in Wisconsin, potentially boosting originations by nearly a tenth.
Bank Merger Could Lead to Expanded Mortgage Ops
The acquisition of a bank in the state of New York by a bank based in Cleveland could result in an expansion of mortgage operations.