twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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.


The Mortgage Production Journal

Recent origination reports

March 5, 2014

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

A hard money lender, a commercial real estate lender and even a U.S. government agency all reported record annual mortgage originations. Several lenders claimed the top spots in their respective cities.

During its fiscal year ended Sept. 30, 2013, the Department of Veterans Affairs guaranteed 629,312 mortgages for roughly $141.6 billion. Business increased from 539,885 loans for $119.2 billion in 2012.

Since VA began guaranteeing residential mortgage in 1944, more than 20 million VA home loans have been closed.

Last year's mortgage production at PrimeLending exceeded $11 billion, the company reported in February. PrimeLending said it was the No. 4 originator of purchase financing last year based on units.

PrimeLending, which is headquartered in Dallas, says that it operates 300 branches in 42 states and employs more than 2,500 "professionals."

During the 12 months ended Nov. 12, 2013, Eagle Home Mortgage reports that it originated $5.4 billion.

A Jan. 29 news release indicated that Prosperity Home Mortgage funded more than 12,400 loans for $3.6 billion during 2012. The Chantilly, Va.-based firm reports that it has more than 140 mortgage consultants.

In the Milwaukee area, Waterstone Mortgage Corp. originated $1.808 billion during 2013, making it the biggest lender in Milwaukee, according to a story by the Milwaukee Business Journal.

USA Mortgage reported total originations last year exceeded $1 billion for the fifth year in a row. With 514 Missouri loans for $0.059 billion originated through the U.S. Department of Agriculture's Guaranteed Rural Housing program during the fiscal year ended Sept. 30, 2013, USA Mortgage claims it was the largest USDA lender in the state. 

The No. 1 mortgage lender in Boston last year was Mortgage Master Inc., according to a ranking from the Boston Business Journal. The Walpole, Mass.-based company reportedly closed around 299 loans for $0.096 million.

Mortgage Master reported last month that 21 percent of its loan officers -- or 67 originators -- were qualified to be considered for the Scotsman Guide's top 2013 originator rankings. Eligibility is reportedly based on minimum volume of at least 100 loans or $30 million. As of Feb. 21, "loan experts" accounted for 320 of Mortgage Master's more than 720 total employees.

Michael Brown of Churchill Mortgage was one of only 12 loan officers to receive the Nashville Mortgage Bankers Association's Diamond award, which goes to originators with at least $50 million in loan originations last year, according to the Brentwood, Tenn.-based company. Another 12 Churchill loan officers were recognized for generating at least $10 million in production.

In Sarasota County, Fla., SunTrust Bank was responsible for $0.039 billion of the $0.270 billion in residential loans closed in December, more than any other lender, the Herald Tribune reported.

Hard money originations were $0.026 billion at California Capital Real Estate Advisers in 2013, up 183 percent from 2012, Inside Mortgage Finance reported. Mark Mozilo, a principal at the firm, is the son of famed Countrywide Home Loans founder Angelo Mozilo.

In the commercial mortgage arena, a record $15.8 billion in CRE loan originations was reported for 2013 by Prudential Mortgage Capital Co., up from $12.2 billion in 2012.

Last year's volume at Prudential included $0.848 billion in production from Europe and Japan, $2.2 billion in conventional agency loans and $0.913 billion loans for commercial mortgage-backed securities.

For the third consecutive year, Beech Street Capital ranked as one of Fannie Mae's five-biggest multifamily originators, a Feb. 18 statement said. In addition, it was No. 6 among Freddie Mac's top sellers in 2013. FHA volume was up nearly two-thirds from 2012.

Bethesda, Md.-based Beech Street's commercial mortgage servicing portfolio includes 913 loans for almost $10.9 billion.


Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

e-mail:
[email protected]


FHA News | Government Resources | M o r t g a g e e Letters | FHA Statistics
FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.



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


Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.


Logout forgot
password?

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

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

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

secondary marketing

social media

servicing news

subprime news

wholesale lenders