Refinances Drive Down Mortgage Applications
New applications for mortgages moved lower on a week-over-week basis, and refinance applications were behind the deterioration.
Impac Mortgage Originations Improve
New residential loan originations improved at Impac Mortgage Holdings Inc. In addition, the mortgage banking firm's servicing portfolio expanded.
United Guaranty's Biz, Delinquency Tumbles
New quarterly business slowed at United Guaranty, while earnings at the mortgage insurance company were also down. Delinquency, however, was improved.
Mortgage Originations, Earnings Worse at Walter
Quarterly mortgage originations slumped, losses widened and staffing was down at Walter Investment Management Corp. But the servicing portfolio inched up.
Monthly HECM Production Slips
Last month was a little slower both on a month-over-month and year-over-year basis for originators of federally insured reverse mortgages.
Churchill Mortgage Grows Business
Business metrics moved higher at Churchill Mortgage Corp. -- with home loan originations, residential loan servicing and staffing all expanding.
Stonegate Mortgage Servicing Up, Lending Off
Although quarterly loan production and staffing descended at Stonegate Mortgage Corp., the lender managed to grow its mortgage servicing portfolio.
PrimeLending's Mortgage Closings, Servicing Down
Residential loans originations softened on a quarter-over-quarter basis at PrimeLending. Also declining was the lender's mortgage servicing portfolio.
|New Mortgage Refinance Business Plunges
New refinance business took a dive this past week, driving down overall new mortgage activity in the process. Adjustable-rate mortgage activity ascended, though.