Record YTD Originations at Guild Mortgage
Quarterly originations slowed at Guild Mortgage Co., though year-to-date volume ascended to an all-time high. The servicing portfolio reached a new record, and staffing hasn't changed much over the past year.
5th 3rd Mortgage Revenues Sink, Originations Drop
As quarterly home-lending volume declined at Fifth Third Bancorp, so did mortgage revenues and company-wide headcount. However, residential servicing and commercial real estate assets grew.
Mortgage Revenues Sink at Flagstar
Revenues at Flagstar Bancorp Inc.'s home-lending business sank. But the financial institution has grown its mortgage asset and servicing portfolios over the past year. Staffing was trimmed.
Mortgage Earnings Fall at BBT, Originations Ease
As home-lending volume slowed at BB&T Corp., mortgage earnings tumbled. But the financial institution grew both its mortgage investments and servicing portfolio. Headcount was higher.
Quicken Pushes Servicing Portfolio Past $300 Bil
For the first time since it began reporting mortgage servicing data six years ago, Quicken Loans Inc. has pushed the servicing portfolio past $300 billion. Originations and staffing, meanwhile, held steady.
Retail Drives Down SunTrust's Home Lending
A sharp decline in quarterly retail originations at SunTrust Banks Inc. drove overall home lending lower as mortgage earnings sank. But the size of the financial institution's mortgage servicing portfolio has increased over the past year. Further cuts to staffing were made.
First Republic Bank's Mortgage Originations Tumble
A 15 percent quarter-over-quarter reduction was reported for First Republic Bank's home-lending volume. As the servicing portfolio was reduced, residential assets expanded. Also growing was the size of the staff.
Record BofA Pre-Tax Earnings as Home Lending Drops
Quarterly record pre-tax earnings were reported by Bank of America Corp. In the mortgage business, loan production tumbled on a linked-quarter and year-over-year basis.
Citi Mortgage Originations and Delinquency Up
Citigroup Inc. nudged up quarterly home lending, and firm-wide staffing grew. But the residential servicing portfolio continued its contraction, delinquency deteriorated, and mortgage earnings were weaker.
Chase's Mortgage Earnings Sink, Lending Edges Up
A modest quarter-over-quarter rise in single-family lending at JPMorgan Chase & Co. didn't translate into more profit for the segment. Mortgage holdings expanded, and delinquency improved. Community banking staffing was reduced, though firmwide headcount rose.