2 of Top 5 Latino LOs At Guild Mortgage
The latest list of the nation's top-producing Latino mortgage originators is out, and two of the five-biggest producers are loan officers at Guild Mortgage Co.
Record Low Monthly GSE Refinances
|Weekly Mortgage Business Increases|
A week-over-week decline in new mortgage activity was spearheaded by new conventional lending. The overall decline was contrasted by jumbo business, which recorded a gain.
Despite a modest bump in monthly refinances at the Federal Home Loan Mortgage Corp., a tumble in transactions at the Federal National Mortgage Association drove production to an all-time low.
Mortgage Applications Fall as Gov Share Widens
A weekly reduction was recorded for the volume of mortgage applications. Jumbo rates grew more attractive, and government share widened.
FHA Production Holds, Could Accelerate
There was little change in monthly endorsements by the Federal Housing Administration, though business is poised for an increase. Delinquency improved, and commercial endorsements moved higher.
Credit Standards Ease as Refi Demand Diminished
As refinances continue to diminish, home lenders continue to relax credit standards. With the ongoing outlook for profits still weak, firms are feeling pressure to cut staffing.
Home Lending Profits Plunge Despite Higher Revenues
Although mortgage bankers pushed up quarterly revenues, rising expenses resulting from slowing originations dragged them into the red. Wholesale lenders suffered the most.
Huge Profit, Increased Lending at Ditech
Fresh out of bankruptcy, Ditech Holding Corp. reported a huge profit and a quarter-over-quarter increase in home lending. The servicing portfolio, however, was diminished.
FHA Share of Mortgage Apps Falls to 8-Month Low
Although weekly mortgage application volume was solidly higher, the share of activity for loans insured by the government declined to the lowest level in 8 months. The jumbo-conforming spread thinned.