Correspondent Drives Up Flagstar's Home Lending
Acceleration in residential loan originations at Flagstar Bancorp Inc. was driven by its correspondent business. Elevated activity is likely to continue.
Fannie Offers Immediate Repurchase Risk Relief
Through automated verifications, sellers of residential loans to the Federal National Mortgage Association can immediately avoid the risk of mortgage repurchases.
MSRs on Nearly $3 Bil in Agency Loans For Sale
Bids are now being accepted for mortgage servicing rights on as much as $3 billion in home loans that are backed by the housing finance agencies.
Chase Mortgage Lending Contrasts Mortgage Earnings
Although quarter-over-quarter home lending rose at JPMorgan Chase & Co., mortgage revenues retreated. The opposite was true on a year-over-year basis.
Wells Fargo Mortgage Referrals Hit by Scandal
The fraudulent account scandal at Wells Fargo & Co. had an immediate impact on its home lending business, though quarterly mortgage production and earnings improved.
Non-Performing GSE Loans for Sale
Bids are being accepted on nearly $1.4 billion in non-performing government-sponsored enterprise residential loans that are being auctioned off.
Mortgage Business Expands at Lake Michigan CU
Home-lending activity was up by a fifth at Lake Michigan Credit Union's, as the size of its servicing portfolio rose, and its mortgage payroll grew larger.
Over $800 Million in Fannie Mortgages for Sale
More than $800 million in previously delinquent home loans owned by the Federal National Mortgage Association that are now performing are for sale.
Ginnie MBS Issuance Surges to New Record
Monthly loan securitizations on behalf of the Government National Mortgage Association soared to a new all-time high, with jumbo activity reaching a record high.
Post Crisis High for Mortgage Credit Availability
Credit conditions in the residential lending business are more lax now than they have been at any time since the financial crisis erupted.