Nearly $300 Million Judgment Against Allied
The federal government has obtained a nearly $300 million judgment against Allied Home Mortgage entities over alleged fraudulent misconduct on government-insured loans.
State Licensed Loan Originators at Record High
The quarterly number of registered mortgage loan originators expanded on a year-over-year basis, with the state-licensed count reaching the highest level on record.
Across-the-Board Growth at Guild Mortgage
In addition to achieving record loan production, Guild Mortgage Co. boosted the balance of its residential loan servicing portfolio and expanded the size of its payroll.
Several Mortgage Firms Report Strong Production
A number of single-family lenders recently reported solid levels of residential loan production -- even record activity. The volume drove growth in profits and staffing.
Fewer Banks Offer Mortgages as Non-Banks Grow
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.
Mortgage Recruiters Hire Entire Retail Teams
While some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.
Pockets of Strength in Mortgage Production
Residential loan originations are being generated by a variety of sources, and some of them recently revealed improving volume numbers.
Non-Bank Share of Mortgage LOs Continues to Expand
As the number of registered mortgage loan originators finished 2016 at the highest level yet, the non-bank share of loan officers continued to expand.
Mortgage VP, SVP and EVP Appointments
Among a host of recent appointments at mortgage banking firms are a pair of regional vice presidents and variety of other home-lending executives.