Mortgage Lending, Servicing Sinks at Hilltop

Mortgage News

Mortgage Daily Staff

                                                 April 26, 2017

Quarterly home lending was much slower at Hilltop Holdings Inc. Also tumbling was the size of the financial institution’s mortgage servicing portfolio.

Prior to income taxes, Hilltop generated $41 million in income during the period from Jan. 1, 2017, to March 31. Earnings were little changed from $43 million a year earlier.

The Dallas-based bank-holding company presented the numbers, along with other financial and operational results, in its first-quarter 2016 earnings report.

A big drop, however, was recorded versus the final-three months of last year, when income was $53 million.

Pre-tax mortgage origination income was $10 million, up from $9 million a year earlier.

Residential loan originations during the three months ended March 31, 2017, came to $2.824 billion. Business sank from $3.888 billion in the fourth-quarter 2016 and was off from $2.929 billion in the first-quarter 2016.

Refinance share was slashed to 19.7 percent from
28.7 percent in the final quarter of last year.

Hilltop reported a third-party mortgage servicing portfolio of $3.790 billion as of March 31, 2017. The balance was slashed from $5.481 billion three months earlier and $5.004 billion a year earlier.

Residential assets were bumped up to $0.958 billion last month from a previously reported $0.949 billion at the end of 2016.

Commercial real estate assets increased to $2.895 billion
from a previously reported $2.735 billion as of Dec. 31, 2016.

Hilltop employed around 5,400 people as of the end of last month,
the same as at the end of last year and a hundred more employees than at the same point last year.

Bank locations closed out the most-recent period at 460,
an increase of 10 over year-end 2016.

Mortgage Daily Staff

Related Posts

Third-Quarter 2012 Mortgage Litigation Index

Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County, Richland County, South...

Net Branch Lawsuits

Litigation involving net branch operations. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term "branch office" includes not only...

Whistleblower Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Bank of...

Mortgage Servicing Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story BAC Home Loan...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming paperwork has been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and furniture need to...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand-new mortgage loan can be a difficult task, especially for first-time homeowners.   After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first...

Newsletter

Don’t worry, we don’t spam