California Bank Picks Up MetLife Production Employees
A California bank saw an opportunity to hire several dozen employees, including top producing loan originators, who work for MetLife Home Loans.

Quicken Recruiting in Detroit
Quicken Loans Inc. is bringing on 800 people. But there is a catch to some of the additions.

Flagstar Reports Strong Originations
Unlike many of its competitors, Flagstar Bancorp Inc. was able to increase residential loan production from a year earlier. The company grew its servicing portfolio while selling off branches and cutting staff.

Regions Residential Originations Better, Delinquency Worse
Home-loan fundings improved from the prior quarter at Regions Financial Corp., though there was deterioration in residential delinquency. But late payments on commercial mortgages have shown improved performance. Regions has been scaling back its staffing and assets.

Over 1000 Chase Hirings in Calif Include LOs
JPMorgan Chase & Co. is investing more in California, and some of that investment is in mortgage production.

Wholesaler Growing Originations, Adding Staff
A wholesale mortgage lender operating from Michigan expects to increase originations by more than two thirds this year. The company is adding new products and recruiting more than a hundred people a year to help it meet the aggressive growth plans.

Best Mortgage Employers
Only a few mortgage-related firms were among the highest-ranking employers in an annual review of the best places to work in America.

LOs Recruited at Brisk Pace
Loan originators are often approached about joining another organization, some as often as every month, according to a survey of mortgage salespeople. Regulation and legislation are seen as challenges for 2012.

Record Production at Quicken
More home loans were closed last year at Quicken Loans Inc. than in any other year since the company has been in business. It was also a record quarter.