Closing Resource Center

Independent home lenders turned quarterly losses into profits by cutting expenses, though stiffer competition had income down by half from a year earlier. Wholesale lenders took a beating. The average independent mortgage banker, including mortgage...

Efficiency at the nation's independent mortgage servicing organizations has improved. Servicer earnings moved higher from a year previous but descended from the preceding period. The annual rate of earnings on loans serviced by independent mortgage...

There is a modest three-state concentration in a portfolio of servicing rights on government-sponsored enterprise single-family loans being offered for sale. Mortgage servicing rights on 6,383 loans that collectively had an unpaid principal balance...

SEATTLE -- If you're among the thousands struggling with the high cost of housing in Seattle, here's a statistic that might make you wince. Census data show that in 2016, more than one-in-four Seattle homeowners owned their home outright, free from...

Forecasted financing of residential property purchases has been reduced by more than $60 billion for this year and last year. There was an improvement, though, for refinances. The origination of loans to refinance an existing mortgage or to finance...

A weak loan origination system and an increase in the share of delegated correspondent business has the originator rating of JPMorgan Chase & Co.'s banking subsidiary being downgraded. Single-family loan originations -- including jumbo...

Wells Fargo & Co. is laying off 101 employees in its Charlotte, North Carolina-area mortgage operation, part of a nationwide cut affecting 638 employees, the company said Thursday. In the Charlotte region, five of the layoffs are in Fort Mill,...

New quarterly business moved modestly higher at Quicken Loans Inc., as did the company's mortgage servicing portfolio. No change was reported in company-wide staffing. When the first-half of this year concluded, Quicken serviced $296.1 billion in...

With the sale of new homes in the Northeast sinking by more than half on a month-over- month basis, national sales dipped to a nine-month low. Sales in the Midwest and West, however, were stronger, while the U.S. inventory reached a nine-year high....

Now that White House aide Kathy Kraninger has received the blessing of the Senate Banking Committee's Republican majority to become the nation's top consumer financial watchdog, it's worth highlighting who's in her corner and who isn't. Kraninger...