Robust Performance at Quicken Loans
Quarterly mortgage lending increased at Quicken Loans Inc. In addition, the company added to its servicing portfolio and grew its staffing.
New Freddie Business Jumps to 16-Month High
Freddie Mac's secondary activity was stronger last month than it's been since the summer of 2013, and delinquency fell to its lowest level since 2008.
Flagstar's Warehouse Assets Expand
Home lending activity and mortgage servicing were down at Flagstar Bancorp Inc., but there was growth in its warehouse lending assets and commercial mortgage holdings.
U.S Bank Grows Mortgage Servicing Portfolio
Quarterly lending might have slipped at U.S. Bancorp, but the financial institution did manage to increase the size of its third-party mortgage servicing portfolio.
Ongoing Obstacles for Ocwen
While a consent order reduces the threat of losing its California license, Ocwen Financial Corp. still has several hurdles to overcome.
BBT's Mtg Income Up, Originations and Servicing Off
Home lending slowed, and the mortgage servicing portfolio retreated at BB&T Corp.. Still, the company increased pre-tax earnings from mortgage banking.
Ocwen Resolves California License
Ocwen Financial Corp. has overcome the possible suspension of its California license through a settlement with the state.
Fifth Third Mortgage Business Reduced
In addition to slowing its home lending volume, Fifth Third Bancorp cut its mortgage assets and reduced the size of its serving portfolio.
Mortgage Delinquency Tumbles
Foreclosure activity slipped last month. but there was a much bigger improvement made on the share of loans that are at least a month past due.