Citi Originations Rebound
First-quarter home lending gained ground at Citigroup Inc., and the forward momentum is likely continuing into the next earnings period. The servicing portfolio, however, was scaled back.
PNC Mortgage Lending and Servicing Rise
Mortgage business blossomed for The PNC Financial Services Group Inc. Loan production increased, the servicing portfolio grew and delinquency declined. While mortgage earnings swung to a profit, residential assets retreated.
BofA Mortgage Originations Increase
Despite a drop in home-equity loan production, new mortgage lending surged at Bank of America Corp. -- gaining for the fourth consecutive period. As was the case in the prior quarter -- servicing, assets and staffing decreased.
Chase Production Rises, Servicing Pulls Back
Quarterly home lending activity moved higher at JPMorgan Chase & Co. The size of the servicing portfolio, however, shrank.
Wells Fargo Mortgage Originations Up, Headed Higher
Quarterly refinance activity accelerated at Wells Fargo & Co., driving up overall lending activity. Indications are that elevated originations continued in the second quarter.
Retail Drives Origination Growth at Guild Mortgage
A healthy improvement in retail mortgage production pushed overall business higher at Guild Mortgage Co. Also growing were servicing and staffing.
Quicken Hiring 1,000
A thousand people are being recruited by Quicken Loans Inc. to work in the company's adopted home town.
Layoffs Resulting from FHLB Merger
An upcoming merger of two government-sponsored enterprises will result in the layoff of more than a hundred employees.
U.S. Employment Growth Sinks, But Mortgage Jobs Up
A bump in the number of broker jobs lifted overall non-bank mortgage employment. A weak U.S. employment report is having a favorable impact on bond yields and could help to further expand staffing in real estate finance.