Lake Michigan CU Originations Off, Servicing Up
Quarterly mortgage originations were down from the prior period at Lake Michigan Credit Union, as was annual lending. The servicing portfolio grew, though.
Post-Crisis Mortgage Success Stories
Several non-bank home lenders have risen from the ashes of the financial crisis to become some of the biggest players in the nation's new mortgage banking sector. Here are their stories.
Quicken Parent Getting In Mortgage Lead Business
With a deal reached to make two upcoming acquisitions, the parent of Quicken Loans Inc. will be in the business of mortgage lead generation.
Acquisition Creates New Biggest Mortgage Insurer
The recent closing of an acquisition by Arch Capital Group Inc. has created a new behemoth among the nation's mortgage insurance companies.
Credit Union Acquires Mortgage Banker
A mortgage banking firm with offices in five states that originates around $300 million a year has been acquired by a credit union.
PHH Dumping PLS, Selling GNMA Servicing
Drastic steps being taken by PHH Corp. will slash its mortgage production by more than three-quarters and reduce its servicing portfolio by nearly $15 billion.
Merger to Create Top-20 Mortgage Banker
An upcoming acquisition will create a mortgage banking firm with more than 3,000 employees that ranks among the nation's 20-largest home lender.
Huntington's Mortgage Earnings, Originations Climb
Mortgage earnings and originations at Huntington Bancshares Inc. improved as mortgage assets and servicing were boosted by an acquisition.
Mortgage Earnings, Originations Up at BBT
An increase in home-lending activity at BB&T Corp. was complimented by a surge in mortgage earnings. But one trouble spot for the financial institution lies in mortgage performance.
2 Mortgage Acquisitions as 2 Firms Raise Capital
A financial institution and an established mortgage banker have reached agreements to acquire a pair of residential lending firms, while two other companies are getting new capital.