Regions' Mortgage Originations, Servicing Down
Although Regions Financial Corp.'s home lending was the lowest in four years, mortgage earnings were up from the preceding quarter. Mortgage assets, delinquency and servicing all fell. Headcount was trimmed.
Trump Nominates Ginnie Mae President
President Donald J. Trump has selected a political insider with extensive secondary marketing experience to run the Government National Mortgage Association.
Citizens Bank's Home Lending, Servicing Down
Mortgage originations were down almost a fifth on a quarter-over-quarter and year-over-year basis at Citizens Financial Group Inc. Also retreating was the servicing portfolio. Earnings, meanwhile, improved from a year previous.
National M.I. Names New President
The parent of National Mortgage Insurance Corp. has found a new president among its own executive ranks and promoted an employee who has been with the firm since it opened for business.
Impac Servicing Grows, MSR Losses Swing to Gain
As Impac Mortgage Holdings Inc. has grown its servicing portfolio over the past year, it has turned losses on mortgage-servicing rights into gains. Originations declined, and layoffs are ongoing.
Mortgage Executives Recruited, Promoted
Some recent executive appointments at mortgage firms were internal promotions, and others were recruits from competitors. The past month has seen much C-Suite activity.
Losses Continue at PHH
In what will likely be one of its final quarterly earnings reports as an independent company, the parent of PHH Mortgage released scant details about its operational results -- though losses continued.
Wells Agrees to Another Scandal-Related Settlement
Wells Fargo & Co. has agreed to dole out hundreds of millions more in connection with its recent scandals.
Safeguard Properties Founder Dies
The founder and chairman of one of the nation's largest service providers for the residential lending industry has passed away.
Servicing Earnings, Portfolio Up at PennyMac
Earnings from mortgage production were down at PennyMac Financial Services Inc. as originations fell. But servicing income strengthened as the portfolio grew.