Citi's Home Lending Up, Mortgage Earnings Down
As company-wide earnings improved at Citigroup Inc., mortgage income fell. Headcount, servicing and single-family assets were all lower, and delinquency was higher. But residential loan originations rose.
Mortgage Originations Up at Chase, Servicing Down
Although quarterly mortgage earnings deteriorated from a year ago at JPMorgan Chase & Co., company-wide income rose. Mortgage originations fell, as did servicing and headcount.
Wells Fargo's Home Lending Heightens, Headed Higher
Company-wide earnings deteriorated at Wells Fargo & Co. But it boosted quarterly home lending volume, and the current quarter is poised for further escalation. Correspondent share tumbled.
Tiny GSE MSR Portfolio For Sale
Mortgage servicing rights on less than $200 million in government-sponsored enterprise loans with a three-state concentration are being marketed for sale to the highest bidder.
12-Year Low for Mortgage Delinquency
It has been slightly more than a dozen years since the rate of delinquency on single-family loans was as low as it was in the most-recent monthly report.
Bank-Owned HEL Delinquency Up, HELOC Rate Down
As the past-due rate on consumer credit held by banks deteriorated, so did the rate on home-equity loans. But performance on home-secured credit lines fell.
Wells Fargo Cutting Md Mortgage Jobs
As the inventory of foreclosed properties has diminished at Wells Fargo & Co.'s mortgage banking unit, the company is reducing headcount in Maryland.
MSRs On Nearly $5 Billion in GSE Loans Sold
As it continues taking steps to stem mortgage banking losses, HomeStreet Inc. has sold mortgage-servicing rights on nearly $5 billion in government-sponsored enterprise loans.
Fannie Mae Delinquency Lowest Since 2017
As serious mortgage delinquency fell to the lowest level since last year at the Federal National Mortgage Association, new business jumped to the second-highest level this year.
BofA Accused of Discrimination by Housing Group
Just a year after settling alleged discrimination against Hispanic customers, Bank of America Corp. is being accused by the same group of discrimination in the handling of real-estate-owned properties in minority areas.