Record YTD Originations at Guild Mortgage
Quarterly originations slowed at Guild Mortgage Co., though year-to-date volume ascended to an all-time high. The servicing portfolio reached a new record, and staffing hasn't changed much over the past year.
Rise in Mortgage Applications Driven by Refinances
Mortgage application volume moved higher last week, and it was refinances that drove the increase. Jumbo rates remained lower than conforming rates -- which rose to a seven-year high.
5th 3rd Mortgage Revenues Sink, Originations Drop
As quarterly home-lending volume declined at Fifth Third Bancorp, so did mortgage revenues and company-wide headcount. However, residential servicing and commercial real estate assets grew.
Mortgage Revenues Sink at Flagstar
Revenues at Flagstar Bancorp Inc.'s home-lending business sank. But the financial institution has grown its mortgage asset and servicing portfolios over the past year.
Mortgage Earnings Fall at BBT, Originations Ease
As home-lending volume slowed at BB&T Corp., mortgage earnings tumbled. But the financial institution grew both its mortgage investments and servicing portfolio.
|Refinances Wipe Out Weekly Purchase Gains
A nice up tick in purchase financing activity was wiped out by a weekly decrease in refinance business. Similarly, an increase in government volume was more than offset by a drop in conventional activity.
Quicken Pushes Servicing Portfolio Past $300 Bil
For the first time since it began reporting mortgage servicing data six years ago, Quicken Loans Inc. has pushed the servicing portfolio past $300 billion. Originations and staffing, meanwhile, held steady.
Retail Drives Down SunTrust's Home Lending
A sharp decline in quarterly retail originations at SunTrust Banks Inc. drove overall home lending lower as mortgage earnings sank. But the size of the financial institution's mortgage servicing portfolio has increased over the past year.
FHA Endorsements Edge Higher, Book of Biz Grows
Monthly residential government-insured mortgage production was nudged up, though commercial real estate endorsements plunged. The book of business continued to grow.
Fannie Cuts 2018, 2019 Origination Forecast
The latest housing forecast from Fannie Mae has this year's mortgage originations coming in $35 billion less than previously expected, while next year's outlook was cut by $61 billion.