Solid Mortgage Growth at Finance of America
As quarterly home lending took a giant leap at Finance of America Holdings LLC, the mortgage servicing portfolio expanded and staffing increased.
Mortgage Risk Falls on New Originations
A new index that measures the risk of default on new home-loan originations indicates that mortgage investors have seen risk fall.
10-Day Loan Closing Program Launched
A brand new loan program offers the possibility of cutting the time necessary to approve and close a loan from over a month to fewer than 10 days.
$1 Bil in Home Lending at Marketplace Lender
A marketplace lender says it has exceeded $1 billion in mortgage originations, more than doubled its staff and launched a securitization vehicle.
Lower Expenses Drive Up Mortgage Production Profits
As quarterly home-lending volume escalated, mortgage banking organizations were able to lower their per-loan production expense and boost their per-loan profits.
Rise in Purchase Apps Offsets Weakened Refinances
Escalation in applications for loans to finance a home purchase offset a descension in the volume of applications for mortgage refinances.
Mortgage Firms Report Rising Originations
Multiple residential lenders have recently reported strong mortgage originations. Some have touted all-time high quarterly activity, while monthly records were announced by others.
Monthly HECM Production Diminishes
Government-insured reverse mortgage production retreated last month, though there were a few large producers that were able to lift volume.
|New Mortgage Business Recovers From Holiday
As expected, new home-lending activity bounced back from the holiday week. Refinance and adjustable-rate business were the biggest beneficiaries, while jumbo activity took the biggest hit.