Diamond Residential Mortgage Settles Alleged Fraud
Diamond Residential Mortgage Corp. has agreed to pay more than $1 million to settle alleged fraudulent activity by former employees.
Chase Philadelphia Expansion Includes Mortgages
A major expansion planned by JPMorgan Chase & Co. in the Delaware Valley over the next few years includes plans for its mortgage business.
Banks Lose Thousands of Mortgage Originators
Although the yearly ranks of home loan originators who are employed by banks was reduced by thousands, state-licensed loan officer growth more than offset the losses.
PRMI Exec Makes Transition From Another Industry
A division president for Primary Residential Mortgage Inc. previously left his career in electronics for the mortgage industry and now oversees home lending in several states.
LOs Continue to Migrate from Banks to Nonbanks
As the number of mortgage loan officers expanded, the quarterly trend of originators fleeing financial institutions for non-bank home lenders continued.
Over Hundred Mortgage Job Cuts at HomeStreet
After eliminating dozens of mortgage jobs in response to diminishing loan originations, HomeStreet Inc. is again cutting its home-lending staff -- this time by more than a hundred. Several branches are also being closed.
Chase Expanding in Dozen States
An expansion of its branch network in a dozen states will enable JPMorgan Chase & Co. to provide more financial products to its mortgage borrowers.
More Mortgage LOs Leave Banks for Non-Banks
As the number of residential loan originators grew last year, a bigger share of the group found themselves working at non-bank lenders for the second year in a row.
Mortgage Branch Manager Says Employees Set Him Up
The manager of a mortgage branch that was ordered to temporarily shut down by Illinois regulators is blaming his employees for setting him up.
Record Purchase Lending at Guild, Staffing Grows
Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Staffing expanded, but the servicing portfolio was slashed. Branch count is expanding thanks to an acquisition.