Flagstar's Warehouse Assets Expand
Home lending activity and mortgage servicing were down at Flagstar Bancorp Inc., but there was growth in its warehouse lending assets and commercial mortgage holdings.
BBT's Mtg Income Up, Originations and Servicing Off
Home lending slowed, and the mortgage servicing portfolio retreated at BB&T Corp.. Still, the company increased pre-tax earnings from mortgage banking.
Fifth Third Mortgage Business Reduced
In addition to slowing its home lending volume, Fifth Third Bancorp cut its mortgage assets and reduced the size of its serving portfolio.
SunTrust Mtg Earnings, Originations and Servicing Up
Home lending activity expanded at SunTrust Banks Inc., while the residential loan servicing portfolio grew and mortgage earnings improved.
Purchase Originations Off, Delinquency Up at PNC
Quarterly production of home purchase financing at The PNC Financial Services Group Inc. declined. In addition, mortgage earnings turned negative, and delinquency deteriorated.
Expected FHA Growth Drives Freedom Mortgage Hirings
Reduced mortgage insurance premiums on government-insured loans has Freedom Mortgage Corp. staffing up to handle an expected increase in originations.
Altisource Laying Off Hundreds
The impact of recent events at Ocwen Financial Corp. has affiliate Altisource Portfolio Solutions S.A. eliminating hundreds of jobs.
Originations Off at Citi, Further Decline Likely
Home lending activity slipped at Citigroup Inc., and the slide appears likely to have continued into the current quarter. Earnings deteriorated on legal expenses.