Over $4 Billion in Freddie MSRs For Sale
Mortgage servicing rights are on the market for more than $4 billion in residential loans that are backed by the Federal Home Loan Mortgage Corp.
Mortgage Business Shrinks at Citi
In addition to a quarterly and annual decline in home lending, Citigroup Inc. reduced its mortgage servicing portfolio and residential investments.
Mortgage Originations Fall at U.S. Bank
Quarterly home lending activity retreated from the previous period at U.S. Bancorp. In addition, new applications taken point to a further slowdown this quarter.
1st Mtg Delinquency Up, 2nd Mtg Rate Tumbles
Despite a small month-over-month up tick in the rate of serious delinquency on first mortgages, loan performance on junior liens was much improved.
Home Lending Slows at PNC
A quarter-over-quarter slump in mortgage lending at The PNC Financial Services Group Inc. was met with annual production that managed to keep up with the prior year.
First Republic Grows Mortgage Business
Mortgage production, servicing and assets at First Republic Bank all increased on a quarter-over-quarter and year-over-year basis.
MSRs Being Auctioned on $1.4 Billion in GSE Loans
A bulk offering of mortgage-servicing rights on government-sponsored enterprise originations includes rights on more than $1.4 billion in loans.
BofA 2016 Mortgage Originations Beat 2015
More residential loans were originated last year at Bank of America Corp. than in the prior year. A quarterly improvement was also made by the home lender.
Chase's Staff, Mortgage Originations Increase
Quarterly home-lending volume accelerated at JPMorgan Chase & Co., while the financial institution's human resource assets have been expanding.
3-Year High for Wells Fargo Mortgage Originations
The country's biggest U.S. residential lender and servicer, Wells Fargo & Co., pushed up annual home-loan production to a three-year high.