Former Net Branch Giant Loses FHA Lawsuit
The government has won a lawsuit against a former net branch mortgage giant that will cost the firm and its chief nearly $100 million.
Across the Board Growth at Guild Mortgage
Quarterly home lending activity moved higher, the residential loan servicing portfolio grew larger, and employment expanded at Guild Mortgage Co.
Banks Lose Mortgage LOs to Non-Banks
The number of mortgage loan officers registered in the national database has expanded over the past year as non-bank originator share widened.
Guild Mortgage's Biz Up by Half, Staffing Surges
Quarterly home lending activity at Guild Mortgage Co. was up by half from the prior period, while staffing expanded by 500 employees, and the servicing portfolio grew.
Year-Over-Year Growth in Mortgage LO Count
A seasonal quarterly decline in the number of loan originators registered in the national database was offset by a year-over-year increase.
Guild Acquisition Will Make it TX Mortgage Giant
An upcoming acquisition planned by Guild Mortgage Co. is expected to make it one of largest independent home lenders in Texas.
Fewer Firms NMLS-Registered in 2015, LOs Grow
During 2015, the number of home lending companies registered in the Nationwide Mortgage Licensing System contracted even as the number of residential loan originators expanded.
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.
Correspondent Leads Lending Lower at Guild Mortgage
Quarterly loan volume declined at Guild Mortgage Co., and it was the correspondent channel that led the drop. Annual production and servicing grew, though.