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.
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.
Surge in Georgia Mortgage License Terminations
As the number of U.S. home loan originators has expanded, one state -- Georgia -- saw an excessive number of mortgage licenses terminated.
Bank Robber Tries to Rob Mortgage Branch
A bank robber got less than he bargained for when he walked into a branch of a financial institution that only provided mortgage services.
Stonegate Eliminating Dozens of Branches
Dozens of retail mortgage branches are being closed down or sold by Stonegate Mortgage Corp. as it reduces expenses tied to retail originations.
Guild Mortgage Growth Fueled by Correspondent
Quarterly home lending activity increased at Guild Mortgage Co., and the gain came solely from the correspondent channel. Staffing and servicing also grew.
Guaranteed Rate Sued by Former Executive
A federal lawsuit filed by a former executive of Guaranteed Rate Inc. will move forward, though three of four counts have been dismissed.
More LOs in Mortgage Business, But Fewer Banks
Compared to a year ago, there are more loan originators working for fewer mortgage firms. The decline was due to a drop in the number of financial institutions.
Guaranteed Rate Hires Dozens of Discover LOs
Dozens of loan originators recently displaced by the closing of Discover Home Loans Inc. have been hired by Guaranteed Rate Mortgage.