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.
Guild's Servicing Grows, YTD Lending Record
The servicing portfolio expanded on a quarter-over-quarter and year-over-year basis at Guild Mortgage Co. as year-to-date originations reached an all-time high.
HomeStreet Scales Back Mortgage Business
Slowing mortgage production is behind HomeStreet Inc.'s decision to eliminate dozens of jobs and scale back on several home-lending centers.
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.