twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

First Republic Bank's Mortgage Originations Tumble

Servicing reduced as mortgage assets bolstered

Oct. 16, 2018

By Mortgage Daily staff

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.

San Francisco-based First Republic revealed in its third-quarter earnings data that income before the provision for income taxes amounted to $266 billion.

Results were better than in the same three-month period last year, when it earned $242 billion. An improvement was also made from the second quarter of this year, when income was $252 billion.

First Republic originated $3.023 billion in residential loans including $2.623 billion in single-family mortgages and $0.400 billion in home-equity lines of credit.

Business sank compared to the second quarter, when $3.541 billion in loans were closed. It was also worse than $3.447 billion in the third-quarter 2017.

Year-to-date volume was $9.237 billion.

The third-party servicing portfolio was reduced to $11.733 billion from $12.374 billion as of mid-year 2018 and $12.111 billion at the same point last year.

On the bank's balance sheet were $38.757 billion in residential assets including $36.214 billion in mortgages and $2.544 billion in HELOCs. Holdings climbed from $36.890 billion owned as of mid-year 2019 and $32.468 billion as of the same date last year.

Commercial real estate originations dipped to $1.419 billion from $1.648 billion but have increased from $1.417 billion in the same three months last year. The latest total was comprised of $0.781 billion in multifamily loans, $0.263 billion in commercial mortgages and $0.374 billion in construction loans. Year-to-date CRE volume amounted to $4.568 billion.

CRE assets owned by First Republic expanded to $18.317 billion from $17.964 billion three months earlier and $15.544 billion one year earlier. Last month's total consisted of $9.780 billion in multifamily loans, $6.460 billion in commercial mortgages and $2.077 billion in construction loans.

Data previously reported to the Federal Deposit Insurance Corp. indicate that headcount was 4,242 full-time equivalent employees as of June 30, more than 3,881 as of one year earlier.

First Republic Bank profile

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news