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.
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.