Record Purchase Lending at Guild, Staffing Grows
Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Staffing expanded, but the servicing portfolio was slashed.
Best Mortgage Employers of 2018
Five mortgage-related companies were rated among the country's 100-best employers by their workforce. The top-rated mortgage firm has made the list each of the last 15 years.
Several Dozen Being Laid Off at Movement Mortgage
Several dozen employees are being laid off at Movement Mortgage LLC. The staffing reduction comes even as the lender plans further hirings.
Employees Take Over USA Mortgage
Employees of USA Mortgage have become the owners of the company, though the current owner will stay on as chief executive officer.
Hilltop Holding's Home Lending Falling
Home lending volume turned lower in the final quarter of last year at Hilltop Holdings Inc., and a more sharp decline is likely ahead. Overall earnings increased, but mortgage income fell.
Stearns Lending Letting North Texas Employees Go
Several dozen positions are being eliminated by Stearns Lending LLC at a mortgage facility that is located in North Texas.
Originations Fall, Servicing Grows at PennyMac
Home-lending activity slowed at PennyMac Financial Services Inc. But the company reported growth in both its servicing and staffing.
Biggest Reverse Mortgage Lender Opens Forward Biz
The country's largest originator of federally insured reverse mortgages has begun offering traditional mortgages for its mostly older customers. Dozens of hirings are planned.
Quicken Originations Up in Q4 But Down for 2017
Quicken Loans Inc., which last week touted itself as America's biggest retail mortgage lender, reported a quarter-over-quarter increase in originations but a year-over-year decline. Staffing expanded.
Quicken Loans Expanding Charlotte Operation
Quicken Loan Inc.'s chief executive officer says that the online lender plans to bulk up its operations in Charlotte, North Carolina.