Mortgage Earnings Soar at Huntington
Quarterly mortgage production nudged higher at Huntington Bancshares Inc. Far more impressive was the 64 percent surge in quarter-over-quarter mortgage earnings.
Stonegate Production Hurt By Correspondent
For the second time in a row, quarterly mortgage production fell at Stonegate Mortgage Corp., with the most-recent drop due to slowing correspondent business. Servicing and staffing also declined.
Wholesale HECM Production Up as Retail Slides
Although the monthly origination of government-insured reverse mortgages slowed through the retail channel, a modest gain was posted on the wholesale side.
Refis Drive Up Mortgage Originations at Regions
While purchase mortgage financing dropped, a rise in refinancing moved total home lending activity higher at Regions Financial Corp.
Fifth Third Mortgage Production Rises
Home loan activity jumped ahead at Fifth Third Bancorp. Meanwhile, the size of the financial institution's servicing portfolio shrank.
Mortgage Bankers Increase Q2 Refi Forecast
Mortgage bankers are apparently more optimistic about refinance production for the current quarter, lifting their projection by $11 billion.
Mortgage Origination Forecast Bolstered
The latest outlook for this year's residential loan originations has been raised by more than $100 billion. Even next year's forecast fattened.