Management Shakeup As Impac Swings to Loss
Earnings swung to a loss at Impac Mortgage Holdings Inc., and the company's chief is out. Retail lending led a plunge in originations even as non-QM business soared. But the servicing portfolio expanded.
Churchill Mortgage Adds Wholesale Originations
Home lending activity turned lower at Churchill Mortgage Corp., as did headcount. The company has started reporting originations through the wholesale channel.
Offering of MSRs On Over $6 Billion in GSE Loans
An offering of mortgage-servicing rights on more than $6 billion in government-sponsored enterprise loans with a California concentration has just hit the market.
11-Month High for Mortgage Delinquency
Mortgage delinquency ascended to the highest level in 11 months as loan performance continues to be impacted by last year's hurricanes. Foreclosures held steady, though.
Texas Mortgage Servicing Layoffs at Wells Fargo
Dozens of positions in the Lone Star State have been eliminated by Wells Fargo & Co. The affected employees work in mortgage servicing.
Report Warns About Non-Bank Mortgage Firms
A warning siren has been sounded about the risk from the growth in market share of non-bank mortgage originators and servicers.
1 Billboard Inside Wilmington, North Carolina
A delinquent borrower has paid for a billboard in Wilmington, North Carolina, in his effort to avoid a foreclosure on his delinquent loan with SunTrust Mortgage Inc.
Final Servicing Rule Addresses Industry Concerns
A mortgage servicing rule has been finalized that addresses concerns that the industry has about communicating with bankrupt borrowers.
CMBS Delinquency Sinks
While there was little change in performance on commercial real estate loans owned by life insurers, securitized CRE loan delinquency plunged. The rates were mixed for loans backed by the government-sponsored enterprises.
Nationstar Mortgage Originations Holding Up
Quarterly loan originations are holding up at Nationstar Mortgage Holdings Inc., and signs point to more of the same. Servicing, however, was down.