Modified Mortgages Auctioned Off
Agency-backed residential loans that were previously modified have been sold at auction and are headed for securitization.
Flagstar Mortgage Originations, Servicing Grow
Flagstar Bancorp Inc. saw a quarter-over-quarter rise in home lending, and indicators point to continued gains. The mortgage servicing portfolio also increased.
Stunning Surge in Fairway Mortgage Originations
Quarterly home lending activity soared by nearly two-thirds from the prior period at Fairway Independent Mortgage Corp. In addition, the size of the staff expanded.
Agency MSRs Trade Hands
A small portfolio of mortgage servicing rights on agency residential loans has been acquired by a small bank out of the South.
Strong Quarter at Stearns Lending
Quarterly home lending climbed by more than a third at Stearns Lending Inc., while the mortgage servicing portfolio increased and staffing expanded.
SunTrust Home Loan Activity Flourishes
On point with top mortgage lending peers, SunTrust Banks Inc.'s quarterly production picked up speed. It also saw its servicing and investment portfolios grow.
For Sale: Nonperforming HELOCs
Investors are being solicited to bid on a small portfolio of nonperforming home-equity lines of credit with an east coast concentration.
Big Non-Agency RMBS Transaction
A residential mortgage-backed securities transaction includes nearly $2.7 billion in jumbo and agency loans from JPMorgan Chase & Co. units.
Higher Jumbo Limit at Redwood
Maximum limits on single-family loans that are securitized by Redwood Trust Inc. have been boosted by one million dollars.
Wells Fargo Mortgage Business Overflows
Quarterly mortgage production at Wells Fargo & Co. surged well ahead of the prior period's numbers and even bested year-earlier originations.