Solid Business Growth at MGIC as Earnings Improve
The book of business, insurance written and earnings all increased from the prior quarter and a year prior at MGIC Investment Corp. Meanwhile, delinquency decreased..
Originations Up at US Bank, Further Gain Likely
Quarterly home-lending volume moved up at U.S. Bancorp and appears to be headed even higher. As corporate income rose, mortgage earnings were lower. The mortgage servicing portfolio contracted.
Mortgage Origination Surge at First Republic
Quarterly mortgage originations moved sharply higher at First Republic Bank. Also expanding were company-wide earnings, the servicing portfolio and single-family holdings.
Nationstar Mortgage Reports Solid Originations
Home lending increased on a quarter-over-quarter and year-over-year basis at Nationstar Mortgage Holdings Inc. Servicing slipped, earnings swung to a profit, and delinquency declined..
BofA Earnings, Mortgage Originations Up
Quarterly earnings were stronger at Bank of America Corp. as originations improved. The payroll expanded, and the residential and commercial mortgage portfolios grew.
Citi's Home Lending Up, Mortgage Earnings Down
As company-wide earnings improved at Citigroup Inc., mortgage income fell. Headcount, servicing and single-family assets were all lower, and delinquency was higher. But residential loan originations rose.
Mortgage Originations Up at Chase, Servicing Down
Although quarterly mortgage earnings deteriorated from a year ago at JPMorgan Chase & Co., company-wide income rose. Mortgage originations fell, as did servicing and headcount.
Wells Fargo's Home Lending Heightens, Headed Higher
Company-wide earnings deteriorated at Wells Fargo & Co. But it boosted quarterly home lending volume, and the current quarter is poised for further escalation. Correspondent share tumbled.
Major Mortgage Mergers & Acquisitions Activity
This year has been busy for mergers and acquisitions in the mortgage industry. Some major and minor players have sold stakes in their business, while other prominent players are selling entirely.
Former Bankrate CFO Pleads Guilty
The former chief financial officer of a major financial news publication that provides consumers with mortgage data has admitted to accounting fraud.