Quarterly Gains in Quicken Originations, Servicing
Quicken Loans Inc. made a gain in its quarter-over-quarter originations, though not quite as much as the industry overall. Meanwhile, Quicken's mortgage servicing portfolio was modestly higher, and staff numbers held up.
FHA Business Inches Up But Poised to Slip
Monthly government-insured mortgage originations move up but could retreat based on new applications. Delinquency on government home loans worsened.
SunTrust Hit With $160 Million Penalty
SunTrust Banks Inc., its banking subsidiary and its mortgage unit have agreed to a $160 million penalty in conjunction with a previously issued consent order tied to its servicing practices.
Freddie Reports Solid Performance in June
Secondary activity picked up last month at the Federal Home Loan Mortgage Corp., while serious residential delinquency moved lower and past-due payments on apartment loans improved.
Wingspan Hiring Spree Continues in Texas
Just a few weeks after announcing a recruiting campaign for Florida employees, Wingspan Portfolio Advisors LLC is looking to grow its staff in North Texas.
HUD Updates Digital Document Retention Requirements
Electronic document retention requirements for foreclosures on loans insured by the Federal Housing Administration have been updated.
Delinquency Up, But Foreclosures at Pre-Crisis Level
Early stage mortgage delinquency took a turn for the worse last month. But the foreclosure rate returned to its pre-crisis level.
Flagstar Production Up as Servicing, Staffing Fall
Home lending strengthened on a quarter-over-quarter basis at Flagstar Bancorp Inc., though the company reduced its mortgage assets, servicing and staffing.
Mortgage Metrics Improve from Q1 at SunTrust
On a quarter-over-quarter basis, residential loan originations, home loan delinquency and mortgage production earnings were all better at SunTrust Banks Inc.