Regions Refinance Originations Rise
Despite a dip in purchase mortgage financing at Regions Financial Corp.'s, an increase in refinancing pushed overall home lending higher.
Flagstar Fundings Up, Mtg Assets and Servicing Off
The mortgage servicing portfolio and residential lending assets shrunk at Flagstar Bancorp Inc., but home loan originations expanded.
Over $1 Billion In Agency MSRs For Sale
Bids are being accepted on two portfolios of mortgage servicing rights with more than $1 billion in agency loans.
Backdating Prompts Ocwen Servicer Downgrade
Allegations that Ocwen Financial Corp. backdated letters to distressed borrowers has prompted a downgrade to its servicing subsidiary's rating.
Serious 1st Mortgage Delinquency Up Again
Serious delinquency on first mortgages deteriorated for the second consecutive month. Also moving higher was the rate on second mortgages.
Ocwen Accused of Backdating Borrower Letters
Ocwen Financial Corp. has been accused of serious issues in its servicing practices including potentially backdating hundreds of thousands of borrower letters.
Home Equity Lending Trends
Investor interest in revolving home-equity lines is growing as compliance burdens on closed-end home-equity products increase. One servicing system is being touted as a single solution for all types of home-equity and first lien products.
GSE Mods Ok On FL Loans Delinquent Over 2 Years
Florida borrowers who are more than two years past due on their government-sponsored enterprise mortgages will have an opportunity to modify their loans.
Correspondent Originations Surge at SunTrust
Even though residential loan production was down for the retail channel, SunTrust Banks Inc.'s correspondent acquisitions jumped by a third -- pushing overall originations up.