Mortgage Servicing, Staffing Grow at TMS
Not only did the mortgage servicing portfolio grow at The Money Source Inc., but the number of people working for the home lender increased. Annual originations, including wholesale and correspondent, are likely to fall.
LO Sentenced for Fraud Short-Sale Scheme
A loan officer has been ordered to prison for her role in a scheme to defraud mortgage companies into agreeing to short sales. Her accomplices include attorneys.
Negative Mortgage Delinquency Trend Reversed
A seven-month run for year-over-year increases in mortgage delinquency came to an end last month as the number of loans in active foreclosure was the lowest in more than a decade.
HQ Move Creating Over Thousand SC Mortgage Jobs
An intrastate move to a new headquarters location has a servicer of residential loans adding more than a thousand jobs in the Palmetto State.
Mortgage Servicing Grows at HomeBridge
During the past few months, HomeBridge Financial Services Inc. has expanded its mortgage servicing portfolio. Staffing, though, has been reduced.
CMBS Delinquency Increases
Late payments on securitized commercial real estate loans worsened last month. Deterioration was driven by loans securitized five-to-seven years ago.
Mortgage Originations From Year Ago at Navy FCU
Navy Federal Credit Union managed to boost its quarterly home lending volume from a year ago. The firm's mortgage servicing portfolio continued to grow.
Mortgages Outstanding Up Despite Origination Drop
Although the volume of quarterly home lending has slowed, the balance of outstanding mortgages continued to expand. Loan performance, meanwhile, showed ongoing improvement.
Regions' Mortgage Originations, Servicing Down
Although Regions Financial Corp.'s home lending was the lowest in four years, mortgage earnings were up from the preceding quarter. Mortgage assets, delinquency and servicing all fell. Headcount was trimmed.
MSRs Offered on Nearly $2 Billion in Ginnie Loans
A new offering has mortgage-servicing rights on nearly $2 billion in Ginnie Mae loans up for sale. The loans have a Texas-Oklahoma concentration.