Correspondent Drives Up Stonegate Mortgage Biz
Correspondent acquisitions more than offset a decline in wholesale production at Stonegate Mortgage Corp., pushing overall originations up by more than a fifth.
Retail Drives Lake Michigan CU Originations Higher
Despite a decline in quarterly correspondent mortgage business at Lake Michigan Credit Union, overall activity accelerated thanks to a surge in retail production. Servicing and staffing also ascended.
Flagstar Mortgage Production, Servicing Grow
Quarterly home loan originations picked up at Flagstar Bancorp Inc. In addition, the financial institution's mortgage servicing portfolio expanded.
New American Funding Grows Mortgage Business
New American Funding reported across-the-board growth -- increasing mortgage originations, expanding residential servicing and adding more employees.
Florida Mortgage Firm Thrives in Dodd-Frank Era
Despite increased costs resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, one firm says it is thriving because of the law.
Retail Lending Lifts USA Mortgage Originations
Although there was a dip in new business generated by mortgage broker clients at USA Mortgage, a healthy gain in retail lending boosted overall activity.
Provident Funding's New Mortgage Business Slows
New quarterly lending activity at Provident Funding Associates LP turned lower. As well, the servicing portfolio diminished, and staffing declined.
Wells Fargo Cutting SC Mortgage Jobs
Dozens of mortgage employees in South Carolina have been advised by Wells Fargo & Co. that their days are numbered.
Huntington's Mortgage Biz Gains Across the Board
Residential mortgage origination volume and servicing grew at Huntington Bancshares Inc., while the company also yielded higher quarter-over-quarter mortgage earnings.
New Business Slips at UWM
New quarterly lending activity at United Wholesale Mortgage came up just shy of mortgage production generated in the previous three-month period. But a new program could help upcoming business.