New Business, Delinquency Tumble at Freddie
New business moved lower last month at the Federal Home Loan Mortgage Corp., though so did residential delinquency.
Originations, Staffing Grow at Churchill Mortgage
Churchill Mortgage Corp. lifted quarterly loan production, while it also increased the size of its staff compared to the end of last year.
Influencing Mortgage Regulation
Mortgage firms can do more to influence regulation, and they don't need lobbyists or lawyers, a pair of legal experts told attendees at a mortgage servicing conference.
Impac Mortgage Originations More Than Double
Impac Mortgage Holdings Inc. expanded its wholesale sales staff and acquired a retail origination business -- helping it to more than double quarterly loan production.
Requirements Stiffened on FHA Distressed Loan Sales
Changes being made to a program to sell distressed mortgages insured by the Federal Housing Administration extend the amount of time investors must wait to liquidate the assets.
BB&T Home Lending Sees Tight Gains
While home loan production squeaked by prior quarterly results, pre-tax mortgage banking earnings took a hit at BB&T Corp. The mortgage servicing portfolio also fell.
Mortgage Earnings Soar at Huntington
Quarterly mortgage production nudged higher at Huntington Bancshares Inc. Far more impressive was the 64 percent surge in quarter-over-quarter mortgage earnings.
Stonegate Production Hurt By Correspondent
For the second time in a row, quarterly mortgage production fell at Stonegate Mortgage Corp., with the most-recent drop due to slowing correspondent business. Servicing and staffing also declined.
MSRs on Over $3 Billion in Loans Change Hands
The parent of Reverse Mortgage Funding LLC is acquiring mortgage servicing rights on more than $3 billion in loans.