FHA Lending Picks Up, But Delinquency Deteriorates
Monthly residential business moved higher at the Federal Housing Administration, but so did the rate of past-due payments. Commercial lending activity, however, was mixed.
New Business More Than Doubles at Arch M.I.
New quarterly business more than doubled at Arch Mortgage Insurance Co., while the book of business grew and delinquency moved lower.
Originations, Servicing and Income Up at Impac
As home-lending activity increased at Impac Mortgage Holdings Inc., so did the size of its mortgage servicing portfolio and the amount it earned.
Fannie's Biz at 3-Yr High, Lates at 8-Yr Low
New business climbed to a nearly three-year high at the Federal National Mortgage Association, while delinquency fell to an eight-year low.
Fifth Third Mortgage Originations, Assets Up
Quarterly home-lending jumped by half at Cincinnati-based Fifth Third Bancorp. Residential assets grew, and delinquency declined.
Strong Quarter at Mortgage Insurer Radian
New quarterly business surged ahead, the book of business was bigger and defaults declined at mortgage insurer Radian Group Inc.
Ocwen Mortgage Originations Bounce Up
After falling to a four-year low, quarterly mortgage originations bounced higher at Ocwen Financial Corp. Servicing and staffing both saw a decline.
Mortgage Earnings, Originations Up at PrimeLending
Home lending picked up from the previous quarter and the year-previous period at PrimeLending. Mortgage income was strong for the bank-holding company.
Ditech Cutting TX Servicing Jobs
A diminishing need for employees who handle distressed loans has led to more layoffs at Ditech Financial LLC -- this time in South Texas.
Quarterly EverBank Home Lending Up a Third
Residential loan originations at EverBank Financial Corp. were up by more than a third on a quarter-over-quarter basis and are likely to keep pace this quarter.