NC Firm Discloses Mortgage Layoffs
A company based in the financial hub of North Carolina has disclosed plans to eliminate more than a hundred mortgage jobs.
Wingspan Hiring Spree Continues in Texas
Just a few weeks after announcing a recruiting campaign for Florida employees, Wingspan Portfolio Advisors LLC is looking to grow its staff in North Texas.
Flagstar Production Up as Servicing, Staffing Fall
Home lending strengthened on a quarter-over-quarter basis at Flagstar Bancorp Inc., though the company reduced its mortgage assets, servicing and staffing.
Mortgage Metrics Improve from Q1 at SunTrust
On a quarter-over-quarter basis, residential loan originations, home loan delinquency and mortgage production earnings were all better at SunTrust Banks Inc.
Prison for Former BofA Short Sale Employee
The case of a former Bank of America Corp. employee who was sentenced this week for participating in a short sale fraud scheme was by no means isolated.
New Originations Flood Lake Michigan Credit Union
Despite Lake Michigan Credit Union coming up just short of second-quarter 2013 numbers, a quarter-over-quarter juxtaposition revealed a mortgage production tidal wave for the lender. Loan servicing and employee count also reached new heights.
FHA Exposure Hits BB&T Earnings
Quarter-over-quarter growth was reported in originations and servicing at BB&T Corp. But income took a hit thanks to potential exposure recognized on Federal Housing Administration lending. Residential delinquency, meanwhile, deteriorated.
New Round of Wells Fargo Servicing Layoffs
A new round of job cuts at Wells Fargo & Co.'s home lending unit impacts hundreds of mortgage servicing employees.
PNC Purchase Production Proliferates
Quarter-over-quarter mortgage home purchase financing surged at The PNC Financial Services Group Inc. Also improving were mortgage earnings.
BofA Home Lending Grows, Mortgage Losses Continue
Residential loan production picked up at Bank of America Corp. But legal costs help keep the mortgage business operating in the red.