Excellent Month at Fannie Mae
New business ascended at the Federal National Mortgage Association, while home loan delinquency fell to a new post-crisis low.
Ginnie MSRs Hit the Market
Bids are now being taken for mortgage servicing rights on nearly $2 billion in Ginnie Mae residential loans.
Home Lending, Servicing Up at Nationstar
Mortgage production and servicing were up at Nationstar Mortgage LLC, and company-wide earnings made a big turn-around.
GSE MSRs Up for Bid
Bids are being taken for mortgage servicing rights on a portfolio of well-performing conventional agency home loans with a concentration in California.
EverBank's Home Lending Rises, Servicing Falls
Quarterly home lending activity picked up at EverBank Financial Corp. Despite an increase in residential assets, the total servicing portfolio was down as the company sold off mortgage servicing rights.
Retail Drives Lake Michigan CU Originations Higher
Despite a decline in quarterly correspondent mortgage business at Lake Michigan Credit Union, overall activity accelerated thanks to a surge in retail production. Servicing and staffing also ascended.
Flagstar Mortgage Production, Servicing Grow
Quarterly home loan originations picked up at Flagstar Bancorp Inc. In addition, the financial institution's mortgage servicing portfolio expanded.
Provident Funding's New Mortgage Business Slows
New quarterly lending activity at Provident Funding Associates LP turned lower. As well, the servicing portfolio diminished, and staffing declined.
Warehouse Lender Expands Into Correspondent
A warehouse lender out of the Lone Star State has disclosed that it has opened up a correspondent lending division.
Best Month for Freddie's New Business in 2 Years
New business at the Federal Home Loan Mortgage Corp. escalated to the highest level in two years, while serious delinquency was down to the lowest level in more than six years.