Caliber Home Loans Originations Increase in 2017
Despite annual declines already reported by several of the nation's biggest mortgage originators, Caliber Home Loans Inc. experienced an increase. Servicing has also expanded.
Annual Mortgage Originations Down at SunTrust
Residential loan originations were lower last year at SunTrust Banks Inc., while mortgage delinquency turned sharply higher. The servicing portfolio, however, expanded.
MGIC's New Business Down, Delinquency Up
New business during the final-three months of last year declined at MGIC Investment Corp., while delinquency rose. The book of business grew.
Mortgage Earnings, Servicing Down at BB&T
A quarter-over-quarter rise in home lending was reported by BB&T Corp. But mortgage earnings and servicing were down, while all three metrics were lower on a year-over-year basis.
Home Lending, Servicing Rise at U.S Bank
Home lending inched up from the previous quarter at U.S. Bancorp, as did the size of its servicing portfolio. There was quarter-over-quarter deterioration in delinquency.
BofA Mortgage Losses Widen, Originations Off
As home lending slowed and loan servicing diminished at Bank of America Corp., mortgage losses widened. Mortgage assets expanded, though.
9-Month Low for FHA Endorsements, Could Drop More
New business at the Federal Housing Administration fell to a nine-month low, and a further drop is likely. Delinquency deteriorated. Meanwhile, the book of business continued to grow.
PNC's Mortgage Earnings, Lending Down
Unlike some of its peers, fourth-quarter income at The PNC Financial Services Group Inc. benefited from the new tax law. But home lending dropped, mortgage earnings fell and residential delinquency rose.
2nd Mtg Delinquency Soars, 1st Mtg Rate Steady
The rate of serious delinquency on first mortgages inched higher but has remained stable for two years. The second-mortgage rate, however, has exploded over the past year.
Home Lending, Servicing & Assets Off at Citi
Single-family lending slowed and is likely to fall further at Citigroup Inc. Also diminished was servicing and assets. A massive loss was tied to the new tax law.